The wind energy industry needs bipartisan cooperation on Production Tax Credit (PTC) extension.

On June 17, the Senate again failed to move forward with the House of Representatives’ proposed one-year PTC extension. Bipartisan cooperation on Capitol Hill is needed to successfully move a PTC extension forward.

Without rapid legislative action, the PTC will expire at the end of 2008. To maintain existing jobs and to continue growing thousands of new jobs, it is vital that Congress acts quickly to extend the PTC. Should we enter late summer without a PTC extension, wind industry investment in 2009 and later will be in jeopardy.  A recent study by Navigant Consulting shows that 116,000 jobs and more than $19 billion in investment in the wind and solar industries are at risk if the renewable energy tax credits are not extended.

Please contact your Members of Congress and urge them to work toward a bipartisan solution to extending the PTC.