On February 1, an urgent alert was sent to supporters of wind energy. It stated: “The PTC is the primary policy tool to promote wind energy development and manufacturing in the United States. While it is set to expire at the end of 2012 ... the credit has already effectively expired. Congress has a choice to make: extend the PTC this month and keep the wind industry on track...”
The wind energy industry has reason for concern. America's appetite for subsidies has waned. Congress is looking for any way it can to make cuts and the twenty-year old Production Tax Credit (PTC) for wind energy is in prime position for a cut—it naturally expires at the end of 2012. Without action, it will go away.
The payroll tax extension will be a hot topic over the next few weeks as it expires on February 29. Wind energy supporters are pushing to get the PTC extension included in the bill. Whether or not it is included will be largely up to public response—after all, regarding the PTC's inclusion in the payroll tax extension bill, the February 1 alert stated: “our federal legislators heard us loud and clear.” In the December payroll tax bill negotiations, the wind energy PTC was placed on a “short list of provisions to be extended through that bill.” Wind supporters are worried—hence the rallying cry.
Due to a deteriorating market, Vestas, the world's largest manufacturer of industrial wind turbines, is closing a plant and laying off workers. Everyday citizens, armed with real life information gleaned from the wind energy's decades-long history, are shocking lobbyists and killing back room deals by successfully blocking the development of industrial wind plants in their communities.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 23rd, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Tuesday April 22nd, 2014 | John Ransom