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United States

United States

Support mobilises for US PTC extension

UNITED STATES: Wind proponents in the US are ramping up their efforts to push through recently tabled legislation calling for a four-year extension of the $0.022/kWh federal production tax credit (PTC).

Currently, the  key subsidy set to expire at the end of 2012.

In a letter sent to Congressional leaders, 369 groups and companies - including the American Wind Energy Association, the National Association of Manufacturers and the United Steelworkers - said the looming expiration is already beginning to impact the sector.

"Investments are stalling now and will continue to stall, with corresponding job losses, until a bill to extend the PTC is passed," they write.

The plea comes just three days after a coalition of 23 state governors sent their own letter endorsing the bill. This was introduced earlier this month by Representatives Dave Reichert, a Republican from Washington State, and Earl Blumenauer, a Democrat from Oregon.

"If the tax credit is allowed to expire at the end of 2012, there will be negative impacts on the high-tech manufacturing jobs that the industry has brought to or created in our states," the governors warn.

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