Tax Credit Critical to Continued Growth of Wind Power, Association Says
The American Wind Energy Association (AWEA) said Wednesday that while the wind power industry is gaining momentum in Illinois, Iowa, Michigan and Ohio, expiration of a key tax credit could curtail future projects and trigger massive lay offs in the Midwest and elsewhere.
In its Annual Market Report, released earlier this week, AWEA indicated the Midwest continues to generate and consume greater amounts of wind power, with Illinois ranked fifth among states involved in construction of wind-related projects and Iowa ranked second among states that consume wind power, as a percentage of their portfolios.