AWEA statement on extension of the Production Tax Credit
The bill will help wind continue to create jobs and economic opportunities in all 50 states.
The President recently signed into law a spending and tax bill that includes an extension of the wind energy Production Tax Credit (PTC) for one year. The bill also raises the value of the PTC to 1.5 cents/kilowatt hour. AWEA CEO Tom Kiernan offered the following statement:
“This bipartisan bill is a major win for American consumers. It means more business for over 500 U.S. factories building wind turbine components, and it means more opportunities for job creation and economic development in the rural communities hosting wind farms,” said Kiernan. “We appreciate that Congress has recognized wind and other renewable's role in building a strong economy while also reducing carbon emissions."
AWEA is the national trade association for the U.S. wind industry, the largest source of renewable energy in the country. We represent 1,000 member companies, 120,000 jobs in the U.S. economy, and a nationwide workforce located across all 50 states. AWEA serves as a powerful voice for how wind works for America. Members include global leaders in wind power and energy development, turbine manufacturing, and component and service suppliers. They gather each year at the Western Hemisphere’s most efficient and targeted event for utility-scale renewable companies, the AWEA CLEANPOWER Conference & Exhibition, next in Indianapolis, June 7-10, 2021. An outgrowth of the AWEA WINDPOWER Conference & Exhibition, CLEANPOWER is the first trade show focused exclusively on the utility-scale renewable power sector, bringing together all the major developers, utilities, OEMs, suppliers and buyers under one roof. Visit AWEA’s website to learn more about the enormous economic benefits wind power brings to America and be sure to follow us on Facebook, Twitter, and LinkedIn.