After a year where wind producers sat on their hads, waiting until Congress decided whether the wind tax credits would be extended, it finally happened: on December 31, as part of the fiscal cliff deal, Congress extended the production tax credit (PTC) for wind and other renewables through the end of 2013.
Investors Managing $800 Billion in Assets Cite Broad Economic Benefits of Production Tax Credit
BOSTON, October 24, 2012 /3BL Media/ - Two dozen investors with more than $800 billion in assets under management today called for an immediate extension of the Production Tax Credit (PTC) for renewable power. In a letter delivered to Congressional leaders, investors noted that this critical tax credit creates broad economic benefits, both for wind power producers and their suppliers across the nation. Several of these investors will meet with Congressional staff tomorrow to discuss their support for the credit.
BICEP Companies and Major Consumer Brands Tout Economic Benefits of Wind Power and the Production Tax Credit
(3BL Media) Boston, MA – September 18, 2012 – Today, 19 companies, including major consumer brands and several Fortune 500 firms, wrote to Congressional leaders encouraging them to extend the Production Tax Credit (PTC), a key provision supporting renewable energy.