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 of the U.S. wind energy industry. We represent 1,000 member companies and over 114,000 jobs in the U.S. economy, serving 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 largest wind energy event, the AWEA WINDPOWER Conference & Exhibition, next in Denver, June 1-4, 2020. WINDPOWER 2020 will be housed within CLEANPOWER, the new exhibition hub for utility-scale renewable energy, bringing together wind power, solar power, and energy storage industries. Find information about wind energy on the AWEA website. Gain insight into industry issues on AWEA's blog, Into the Wind. And please join us on Facebook and follow @AWEA on Twitter and LinkedIn.