in News Departments > Policy Watch
print the content item

Chambers for Innovation and Clean Energy - a clean energy network and information hub for local chambers of commerce - has joined the push for an extension of the wind energy production tax credit (PTC).

The organization, which includes 240 local chambers from 47 states, wrote to Congress to emphasize the ramifications of failing to renew the incentive. Allowing the PTC to expire, they said, would hurt local economies, send jobs and capital elsewhere, and risk ceding the U.S.' clean energy leadership to other countries.

"The PTC has enabled the industry to slash wind energy costs - 90% since 1980 - a major reason why wind energy accounts for 35% of new power capacity installed in the last four years," they wrote. “Wind power reduces electricity prices for consumers, which are set by the operating costs of power plants, i.e. fuel prices.

“Wind is free and, once installed, places downward pressure on electricity prices,” they continued. “Wind energy limits business risk from fuel price increases - the price of wind will always be zero, making it an ideal low-cost hedge against the ever-present and uncontrollable price volatility of traditional fuels.”

The full letter can be viewed here.


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934