Manufacturing Industry
AWEA Praises Senate Passage of RPS for Aid to Wind Energy.
Advanced Materials & Composites News, September, 2003
Aug 6, 2003 - The American Wind Energy Association (AWEA) strongly supported and praised last week's passage by the U.S. Senate of the 2002 Senate energy bill, which includes a national renewable energy portfolio standard (RPS) "along with other key policy measures sought by the U.S. wind energy industry.
According to AWEA, the bill's RPS provision requires 10% of the nation's electricity to come from new renewable energy sources by 2020. Additionally, AWEA said the bill includes a three-year extension of the wind energy production tax credit (PTC) and a provision establishing a small turbine investment credit (STIC) for homes and farms installing small wind generators. "We congratulate the Senate on moving forward with this legislation and urge the energy...
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