AWEA has said in it's Press Release today that the Wind PTC has been extended for a year, which will cover all wind projects that start construction in 2013.
Congress included the PTC extension in the final passage of bill which will avert the fiscal cliff. What only remains is the official signature of the U.S. President Obama signature, which is expected to come soon.
AWEA has said that "The extension of the wind energy Production Tax Credit (PTC), and
Investment Tax Credits for community and offshore projects, will allow
continued growth of the energy source that installed the most new
electrical generating capacity in America last year, with factories or
wind farms in all 50 states".
"Leaders of the Senate Finance Committee included that version in a tax extenders package they assembled in August, which made it into
the overall fiscal cliff deal that passed the Senate early this morning
and the House Yesterday. The bill is expected to be swiftly signed into
law by President Obama, who consistently supported the wind energy tax
credits throughout the process."
"On behalf of all the people working in wind energy manufacturing facilities, their families, and all the communities that benefit, we thank
President Obama and all the Members of the House and Senate who had the
foresight to extend this successful policy, so wind projects can
continue to be developed in 2013 and 2014," said Denise Bode, CEO of
AWEA for the past four years.
"Now we can continue to provide America with more clean,
affordable, homegrown energy, and keep growing a new manufacturing
sector that's now making nearly 70 percent of our wind turbines in the
U.S.A.," said Rob Gramlich, who becomes AWEA's interim CEO on January 2
with Bode's return to private practice as a tax attorney, as previously
announced.
