American Clean Power Association statement on Renewable Energy Provisions of COVID-19 Omnibus Legislation
Washington D.C. - The American Clean Power Association (ACP) released the following statement today after Congress agreed on COVID-19 omnibus legislation that includes targeted renewable energy initiatives, including a one-year extension of the production tax credit/investment tax credit for land-based wind at 60 percent of their full value, a two-year extension of the investment tax credit for solar at 26 percent, and a 30 percent offshore wind investment tax credit for projects that commence construction from January 1, 2017 through December 31, 2025.
“This bipartisan agreement is a major win for American energy consumers, providing more opportunities for them to receive reliable, zero-carbon, and pollution-free electricity in their local communities. We appreciate that Congress has recognized clean energy’s significant contributions to our nation’s economy and role in providing jobs and investments during the recovery from the COVID-19 pandemic. As we enter the new year, stable policy support will help ensure that wind and solar can continue providing the backbone of our country’s electricity growth. We also applaud Congress for recognizing the enormous potential of offshore wind, America’s largest untapped electricity source, as a brand-new provider of jobs for American workers and clean power for American families.” – Heather Zichal, CEO of the American Clean Power Association (ACP)
About ACP: American Clean Power is the voice of companies from across the clean power sector that are powering America’s future, providing cost-effective solutions to the climate crisis while creating jobs, spurring massive investment in the U.S. economy, and driving high-tech innovation across the nation. We are uniting the power of America’s renewable energy industry to advance our shared goals and to transform the U.S. power grid to a low-cost, reliable, and renewable power system. Learn more about the benefits clean power brings to America at www.cleanpower.org and follow us on Twitter @USCleanPower and LinkedIn.
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.