Renewable Energy Solar Energy Wind Energy Geothermal Energy Bioenergy Hydropower

Renewable Industry Leaders Call for Production Tax Credit Extension

By Michael Harris, Online Editor, HydroWorld
February 10, 2012 | 1 Comment

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WASHINGTON, D.C. -- 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.

PennWell's Hydro Group publishes Hydro Review and HRW-Hydro Review Worldwide. Hydro Review, the magazine of the North American hydro industry, offers practical, useful information, helpful examples, and constructive guidance from experts. Each issue has an average readership of more than 50,000. HRW's mission is to share practical, technical information and expertise on hydroelectric power to the international hydro community. The magazine has circulation of more than 10,000.

Bioenergy, Geothermal Energy, Green Power, Hydropower, Ocean Energy, Solar Energy, Wind Power, Energy Efficiency, Solar Tech

1 Reader Comments

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edward-wilhelm-75955

February 14, 2012

I support more funding with direct grants, not tax credits , not loans, for hydro and biomass and hydrogen, solar and wind projects. This funding increase to come from reductions in the nuclear defense budget and also foreign aid .Until we have renewable energy independence as a nation.
How about 0 tax on our energy. Sorry but geothermal is a waste of resources and time, coal will never be clean and stop fracking me for natural gas. Am I the only one who thinks the US Senate is corrupt? Please don't comment on my comment, just comment on the article people. er sheeple.

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