AWEA Statement on Manufacturing Tax Credit Announcements

"AWEA welcomes the Administration’s announcement of $2.3 billion in tax credits for clean energy manufacturing and President Obama’s call to Congress to provide an additional $5 billion in such credits. The U.S. wind power industry appreciates the speed with which the Administration is providing this support. These tax credits will be critical in sustaining manufacturing activity in the current economic downturn. However, in order to maximize the renewable energy jobs expected as a result of these tax incentives, and to build up a strong renewable energy manufacturing base in the U.S., these companies need a more certain market to sell into. The industry is still vulnerable to the impacts of on-again off-again tax credit policies. A Renewable Electricity Standard (RES) with strong, aggressive near-term targets is the best way to provide the certainty needed for companies to expand domestic wind manufacturing."

AWEA is the national trade association of America’s wind industry, with more than 2,500 member companies, including global leaders in wind power and energy development, wind turbine manufacturing, component and service suppliers, and the world’s largest wind power trade show. AWEA is the voice of wind energy in the U.S., promoting renewable energy to power a cleaner, stronger America.

www.awea.org/