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Governors' Wind Energy Coalition

October 26, 2012

Investors Worth $800 Billion Lobby for Wind Energy Tax Credit

  •  Environment News Service  •  Posted 2012-10-26 12:09:30

BOSTON, Massachusetts, October 25, 2012 (ENS) – Two dozen investors with more than $800 billion in assets under management are urging an immediate extension of the production tax credit for renewable energy, which expires December 31. The investors say this tax credit supports the U.S. wind industry by creating economic benefits for wind power producers and their suppliers. In a letter delivered to Congressional leaders on Wednesday, the investors ask Congress to extend the tax credit before it expires. First passed by President George H. W. Bush in 1992, the credit amounts to 2.2 cents for each kilowatt-hour of renewable power generated. [ read more … ]

East Coast ports jockey to woo nascent U.S. industry

Phil Taylor, E&E reporter  •  Environment News Service  •  Posted 2012-10-26 12:09:55

Port officials here are vowing to roll out the red carpet for the nascent offshore wind industry. The Port of Virginia, home to Naval Station Norfolk and the world’s largest military-industrial complex, hopes to become a home base for assembling, shipping and installing massive wind turbines for mid-Atlantic power projects. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.