Renewable industry leaders call for production tax credit extension

WASHINGTON, D.C. 2/10/12 (PennWell) -- Executives from the hydropower, geothermal and biomass industries have called upon the U.S. Congress to extend the production tax credit through 2016 for hydropower, geothermal and biomass. 

The executives are calling for the immediate passage of the American Renewable Energy Production Tax Credit Extension Act of 2011 (H.R. 3307), which covers renewable technologies. The bill has bipartisan support. It was introduced by U.S. Representatives Dave Reichert (R-WA) and Earl Blumenaeur (D-OR) .

"The hydropower industry supports jobs and low-cost clean energy around the country," says NHA executive director Linda Church Ciocci. "Our industry has huge potential to contribute even more to America's economy and clean energy future. This is why it is so urgent that Congress keep in place the policies that support renewable energy growth."

The call to action was accompanied by a letter to Congressional leaders, which noted that the approaching expiration of the tax credit in 2013 is already leading to a decline in new projects and construction.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs