Audio – Siemens wants longer life for wind tax credit

June 7, 2007

zwirn.jpgLast year, the U.S. government renewed the Production Tax Credit, a 1.9 cent-per-kilowatt-hour credit for electricity generated by wind turbines  — a critical factor in the financing of new wind farms. But the extension only runs through the end of this year, when Congress will have to take up the issue again. That kind of uncertainty causes headaches for power companies, as well as wind turbine makers such as Randy Zwirn, the CEO of Siemens Power Generation, who says the industry needs a longer lead time.

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