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…
A victory for the wind industry: extended tax credits
The U.S. House has approved final passage of the tax bill that includes a one-year extension of the 1603 investment tax credit for developing renewable energy sources such as wind power. Republicans and Democrats came together to pass the bill without any amendments, and the president has signed it.
A quick update on bid to cut ethanol tax credits
Ben Geman with thehill.com offers a quick update on Sen. Dianne Feinstein’s (D-Calif.) bid to cut ethanol tax credits:
Obama Gives $2.3B In Tax Credits to Solar & Wind Energy
President Barack Obama last week announced the award of US $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits. One hundred eighty three projects in 43 states will receive that funds that are meant to help create tens of thousands of jobs through the domestic manufacturing of advanced clean energy technologies including solar, wind…