in News Departments > New & Noteworthy
print the content item

Representative Earl Pomeroy, D-N.D., recently introduced a bipartisan bill that would extend the wind energy production tax credit (PTC) in the U.S. for five years beyond its 2008 expiration.

Pomeroy and three primary co-sponsors introduced the bill, H.R.197, on January 4 - the first day of the 110th Congress. The co-sponsors are Jim Ramstad, R-N.M., Mark Udall, D-Colo., and Zach Wamp, R-Tenn. According to Pomeroy, the five-year time frame will create stability and help assure that developers will be able to complete projects and invest in future opportunities.

"The five-year extension will make more projects viable and give people more confidence to invest in infrastructure," says Blake Seas, LM Glasfiber's general manager. "It also will create more vitality and enthusiasm in the industry, which allows us to continue to grow."

First enacted in 1992, the PTC provides a 1.9 cent/kWh credit, adjusted annually for inflation, for electricity produced from wind farms during their first 10 years of operation.


Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934