SOURCE: Industrial Info Resources

Industrial Info Resources

July 23, 2012 06:30 ET

Likely Expiration of Production Tax Credit Only Part of Wind Industry's Bouncing Fortunes, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 23, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Federal Production Tax Credit (PTC) is set to expire at the end of this year. The tax credit gives wind power generators $22 for every megawatt hour they produce. Congress has renewed the credit seven times and let it expire three times since it was enacted in 1992. The American Wind Energy Association (AWEA) calculated that each year after the PTC expired, turbine installations dropped between 73% and 93%. AWEA also says that this expiration, if it happens, will mean renewable energy producers will lose an estimated 37,000 jobs as a direct result.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

Contact Information

  • Contact:
    Joe Govreau