The wind industry would grow more steadily if the proposed PTC amendment passes. Then, the U.S. might see more of Gamesa’s 2 MW turbines, pictured.
Gamesa Technology Corp., the first overseas wind manufacturer to set up full production facilities in the United States, has commended U.S. Rep. Michael Fitzpatrick (R-8th) for introducing legislation that would restore stability to U.S. wind energy markets, foster investments in clean energy and create jobs.
“Congressman Fitzpatrick has established himself as a clean energy leader,” Gamesa North America Chairman David Flitterman said. “In Washington, he’s fighting for responsible, commonsense policies that will enhance our energy security and revitalize our economy. Locally, he’s working to restore and grow good-paying jobs and attract even more investment into his district. Clearly, he understands both the environmental and economic benefits of wind energy.”
Fitzpatrick’s legislation would extend the federal Production Tax Credit while phasing it out over six years. The tax credit has encouraged wind project investments and enabled the U.S. wind industry to grow substantially, helping make the energy source more cost effective. Congress extended the PTC for one year in January 2013, but that extension is set to expire at the end of this year.
“This boom-bust cycle has kept the industry in a state of perpetual uncertainty,” Flitterman said. With stable policy, manufacturers are able invest in research and development that can drive down the cost of energy. With the technological improvements made over the last four years, for example, the industry has driven down the cost of wind energy by more than 25%. Under Fitzpatrick’s bill, that downward trend would continue, enabling the industry to reach grid parity by the time the PTC phases out. His legislation provides the certainty manufacturers need to make these long-term investments.
Gamesa has been a standard-bearer for the American wind industry since setting up shop in the United States. The company, a global leader in the design, manufacture, and installation of wind turbines and turnkey service provider of wind farms, has operating facilities in Ebensburg, Pa., as well as Fairless Hills, Pa., which is part of Fitzpatrick’s congressional district in Bucks County, Pa.
Gamesa Technologies Corp.
www.gamesa.com
Filed Under: News, Policy
