Leaders of four renewable energy trade associations today commended a last-minute vote by the Senate Finance Committee yesterday afternoon to extend and enhance production tax credits (PTCs) for all renewable energy sources. The tax credits are essential for the development of clean energy-generating facilities by offsetting the high cost of construction. Yesterday's action by the Committee will give renewable baseload technologies equitable access to this important program by allowing eligible facilities to qualify for the tax credits when construction is commenced. "We are highly encouraged that the Senate Finance Committee passed this tax credit extension, and we urge the full Senate and the House to approve the credit before the end of the 112th Congress," said Bob Cleaves, President and CEO of Biomass Power Association. "The construction of new biomass facilities can be prohibitively expensive, and our industry relies on one-time tax credits to attract private investors to support the building of new plants. An extension of PTCs will help ensure that renewable energy sources continue to produce a growing share of electricity for our nation."
The projects are located on the island of Oahu and are primarily ground mount solar systems.
The Distributed Wind Energy Association Applauds Congressional Leadership for Clearing Crucial Hurdle to Investment Tax Credit Extension
Overwhelming Bi-Partisan Support in Senate Finance Committee Key to Successful Passage
Modification of Qualifying Criteria is Critical for Continued Growth of Baseload Energy Sources Biomass, Hydropower, Waste-to-Energy and Geothermal
Energy Law Expands Customer Access to Solar
Focus "The Future Sustainable City" - October 18-19, 2012
The general contractor from North Frisia has already built plants with a total output of 75 MW in the current year / International business gains momentum: first major project in France / Leading storage technology innovator: market introduction of the world's first series-ready PEM hydrogen electrolyzer
Plan PV systems around the world using the English version of Centrocheck
Ecofoot PV mounting used for the installation of a 127.5kW solar PV system on two rooftops of a Clarion Hotel in El Centro California
TXCHPI Anticipates Economic and Environmental Benefits From New Air Permit for On-Site Power Production
Enhancing the Global Development and Production of Geothermal Energy
The new feed-in-tariff (FIT), approved June 27 and retroactive to April 1, means the pattern for solar installation in Germany will change this year
The high-performing SC30 meets rigorous standards for durability and reliability and offers a five-year warranty compared with the standard one-year warranty offered by other manufacturers.
Presentation will dispel marketplace myths, discuss potential future liability for solar importers and purchasers
2nd MOGP Summit (Myanmar Oil, Gas & Power) will convene in Yangon from 3 – 6 September 2012, with workshops focusing on joint ventures, project financing and geological outlook of Myanmar's hydrocarbons.
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