The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Senate Rejects 1603, PTC Amendment

The renewable energy industry's hope of extending a slew of federal programs was easily defeated on the Senate floor Tuesday.

Sen. Debbie Stabenow, D-Mich., had introduced an amendment to a transportation bill that would have, among other things, extended the Production Tax Credit for one year and revived the expired 1603 Treasury grant.

But that amendment fell far short of the 60 votes required as Senators split 49-49, according to a message sent by the Solar Energy Industries Association on Tuesday afternoon. A separate amendment from Sen. Jim DeMint, R-S.C., that called for an end to all federal energy subsidies failed handily, 72-26.

"We are disappointed that tens of thousands of American jobs are being put in peril by partisan gridlock in Washington," said American Wind Energy Association CEO Denise Bode. "Despite the partisan vote on these broader energy amendments, the fact remains that the wind Production Tax Credit enjoys bipartisan support in the House and Senate."

Bode continued to warn about the implications of letting the PTC expire. There's been lots of discussion within the industry, and in the halls of Congress, about what such a move would do to future developments and domestic manufacturing.

“The clock is ticking and the stakes for a timely extension of the PTC could not be clearer," said Bode. "We stand to lose one of America’s best new sources of American manufacturing jobs. With every day that goes by, layoffs are occurring and further job losses and even plant closings will accelerate with each month we near expiration in December. Economic studies have shown that Congressional inaction on the PTC could kill 37,000 American jobs, shutter plants and cancel billions of dollars in private investment.

We’ll continue to follow this story as it develops.

Untitled Document

RELATED ARTICLES

Welspun Commissions 52-MW Solar Power Plant in India

Vince Font Leading Indian solar developer Welspun Renewables has commissioned the construction of a massive solar plant in the state of Maharashtra. The planned 52-megawatt (MW) solar plant will be located in the city of Baramati. The...

Regional News from the July/August 2015 Digital Edition of Renewable Energy World

Renewable Energy World Editors EcoFasten Solar announced that it launched a new mounting "Rock-It System" that it would be displaying during Intersolar. Product compliance was determined through testing per UL Subject 2703, which reviews integr...

SkyPower Inks $2.2 Billion Deal for Massive Solar Power Plant in Kenya

Eric Ombok, Bloomberg Kenya’s Energy Ministry and SkyPower Global Ltd. will sign a $2.2 billion agreement on Sunday that paves the way for the Canadian company to develop a 1-gigawatt solar project in East Africa’s biggest economy. The solar pro...

Making a Match: How Solar Companies and Banks Hook Up

Jennifer Runyon The announcements are fairly frequent: SunPower Partners with Admirals Bank for $200 Million Solar Loan Program, Deutsche Bank to Lend $1 Billion for Japanese Solar Projects, Financing Partnerships Drive North Carolina's So...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Presenting at Infocast's Utility Scale Solar Summit 2015

Oct. 21, 2015 4:30-5:15pm Albie Fong, National Director, Solar Frontier ...

Utility Scale Solar Summit 2015

Oct. 21, 2015 4:30-5:15pm Albie Fong, National Director, Solar Frontier ...

COMPANY BLOGS

Behind Every Good Decision

When something about your business isn’t working, you set out to c...

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

An Overwhelming Paradox

I’m sure we’re all very familiar with the feeling of being o...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS