Production Tax Credit Under Attack

Reblogged from Climate + Energy Project:

We've talked about why the production tax credit matters in recent posts, here are a few more thoughts from a broad coalition of partners (including CEP):

America needs homegrown energy resources to power the nation and with our economy struggling, we’re in dire need of American jobs. Wind energy delivers in both of these areas. The wind energy industry has lowered the cost of wind power by more than 90%, has fostered economic development in all 50 states, and currently powers the equivalent of 10 million American homes.

Read more… 266 more words

An important tax credit is in peril.
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Canadian Wind Energy Experiences Record Year; Total Installed Capacity Now Tops 5.4 GW

 

Via North American Windpower:

Wind energy in Canada will experience a record year in 2011, with approximately 1.4 GW of new installed wind energy capacity projected to come online this year, compared to 690 MW installed in 2010, according to new projections from the Canadian Wind Energy Association (CanWEA).

Canada is expected to end the year with more than 5.4 GW of total installed wind energy capacity – enough to power more than 1.5 million Canadian homes every year. This puts Canada in ninth place globally in terms of total installed wind energy capacity.

To mark this achievement, CanWEA opened trading today on the Toronto Stock Exchange.

“2011 has been a banner year for new wind energy development in Canada, which means cleaner air, new jobs and local investments for the communities that host wind energy projects,” says Robert Hornung, president of CanWEA. “Canada – and, in particular, Ontario – is emerging as a very competitive destination for wind energy investment globally.

“Maintaining that position will require continued commitments to aggressive targets for wind energy development and a stable policy framework,” he continues. “As demonstrated here today, this industry represents billions of dollars in new investments across the manufacturing and construction sectors.”

2011 was also a record year for new wind energy installations in Ontario, with more than 500 MW projected to be installed by the end of year, CanWEA notes.