Indications are that Big Wind will not stop until it gets a PTC extension!
While it’s not clear Congress when Congress will take up another spending bill, AWEA is now circulating the attached letter for signatures. We should assume that some congressional members, especially Sen. Grassley (R-IA), are encouraging Big Wind. (ICYMI Grassley posted this AWEA press release on the same date the letter started circulating: https://www.grassley.senate.gov/news/news-releases/grassley-celebrates-wind-energy-becoming-iowa-s-largest-source-electricity )
AWEA’s mission is to secure COVID-19 ‘stimulus’ by showing how big wind is feeling the same pain due to COVID as felt by the airline, hospitality, and food services industries. AWEA’s Ask is two-fold:
Ask 1: One-year extension to the IRS’ 4-year development window.
The extension will enable projects that started construction in 2016 and 2017 to receive full or 80% PTC benefits if placed in service in 2021 and 2022 respectively. AWEA insists that without a 1-year extension, roughly 25,000 MW…
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