The second round of Section 48C Advanced Energy Manufacturing Tax Credits will provide another boost to enhancing US competitiveness in the fast-growing clean energy sector.
China’s new 12th Five-Year Plan clearly shows that rather than striving to comply with internationally agreed-upon trade rules, the Chinese government is intent on dominating solar PV and wind energy manufacturing globally. China’s new plan will direct some $1.5 trillion into solar PV manufacturing export, with polysilicon, thin-film CIGS solar PV producers and equipment manufacturers now squarely in its sights.
The US wind energy industry can create and save 54,000 jobs, including expanding the wind energy manufacturing sector by 1/3 to 46,000 jobs, according to the results of a study completed by Navigant Consulting. That’s given a stable federal tax policy that includes extending the existing wind energy production tax credit (PTC) for another four years. The AWEA, along with US manufacturing industry groups, labor unions and environmental groups, is pushing for Congress to pass recently introduced legislation that would extend the PTC through 2016.
