By voting to pass the 2016 budget, which includes a multi-year extension of the wind energy Production Tax Credit (PTC) and Investment Tax Credit (ITC), Congress secured stability for 73,000 American wind industry workers across all 50 states and private investors helping to grow American wind power. “We’re going to keep this American wind-power success…
Wind energy gains predictability from tax credits’ multi-year extension
The agreement by congressional leaders last night on a multi-year extension of renewable energy tax credits would secure several years of predictable policies that encourage private investment in wind energy, industry leaders said today. “This agreement will enable wind energy to create more affordable, reliable, and clean energy for America by providing multi-year predictability as…
AWEA white paper: PTC has driven progress but the success story is not yet complete
With a two-third reduction in the cost of wind energy over the last six years, the renewable Production Tax Credit (PTC) is on track to achieving its goal of a vibrant, self-sustaining wind industry. That is the remarkable conclusion of analyses by national laboratories, consultants, and other independent experts and summarized in a new white…
NorthWestern Energy to purchase South Dakota wind project from BayWa r.e. Wind
NorthWestern Corporation d/b/a NorthWestern Energy has entered into an agreement to purchase the recently constructed 80-megawatt (MW) Beethoven wind qualifying facility (QF) project located near Tripp, South Dakota. The $143 million purchase of the facility from BayWa r.e. Wind LLC includes 43 turbines and the rights to a 50-MW expansion site adjacent to the existing…
Iowa Senate approves RE funds
The Iowa Senate recently approved a measure providing up to $10 million a year in tax credits for the installation of wind and solar power generators at homes, businesses and farms. The Senate bill provides up to $15,000 for businesses and farms and $3,000 for homeowners that install wind turbines or solar panels. However, the…