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Long-term extension of wind PTC will bolster growth of renewables

By Michelle Froese | December 21, 2015

siemens

Siemens has over 5,000 wind turbines installed in the US.

Siemens has welcomed the Congressional action to approve a five-year extension of the federal Production Tax Credit (PTC) for wind energy. The company has over 5,000 wind turbines installed in the U.S., capable of producing clean, renewable power for more than 2.5 million households every day.

“On behalf of the nearly 2,000 Siemens wind energy employees in the U.S., I applaud Congress for its leadership in providing clear, long-term certainty for renewable energy growth in America,” said Jacob Andersen, Siemens Onshore Americas CEO, applauding Congress on the passage of this legislation.

“The PTC has encouraged tremendous investment in wind energy, helping to reduce the cost of wind power while simultaneously creating a new American industry,” he added. “This extension will bolster the continued growth of domestic wind energy and the jobs this growing industry supports, allowing our factories to plan for the future as we continue to deliver innovation that drives down the cost of wind power.”

Siemens has made substantial investments in wind energy in America, including a blade factory in Fort Madison Iowa; a nacelle assembly facility in Hutchinson, Kansas; a wind research and development center in Boulder, Colorado; and the Siemens Wind Service Training Center in Orlando, Florida.

Siemens
www.siemens.com


Filed Under: News, Policy, Projects
Tagged With: congress, energy, PTC, siemens, tax credits, wind
 

About The Author

Michelle Froese

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