American Wind Energy Association Statement on IRS Safe Harbor Guidance
Washington D.C. – The American Wind Energy Association (AWEA) today issued the following statement after the Internal Revenue Service (IRS) provided one additional year of safe harbor flexibility for wind projects that began construction in 2016 and 2017, in order to help address the significant short-term challenges associated with COVID-19.
“We applaud the Administration for taking this critical step to allow U.S. onshore wind projects already in development to move forward, achieve their economic and employment potential, and deliver affordable, reliable, and zero-carbon power across the country. One additional year of safe harbor for 2016 and 2017 projects provides the flexibility the industry needs to prevent the immediate harms from COVID-19 disruptions, without costing the Federal government any additional money. We will continue assessing the many hurdles our members are facing from COVID-19, including the specific challenges confronting the offshore wind industry, and will work with Congress, the Administration, and other renewable energy leaders to ensure billions in infrastructure investment and community economic benefits can move ahead. The wind industry remains focused on our number one priority: keeping our workers safe as they keep the lights on for millions of Americans.” – Tom Kiernan, AWEA CEO.
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 largest wind energy event, the AWEA WINDPOWER Conference & Exhibition, next in Indianapolis, June 7-10, 2021. WINDPOWER 2021 will be housed within CLEANPOWER, the new exhibition hub for utility-scale renewable energy, bringing together wind power, solar power, and energy storage industries. 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.