Demand-side policies will fuel growth in wind power manufacturing sector
The following is taken from the Executive Summary of a paper prepared by AWEA Senior Policy Analyst Jessica Isaacs and the Policy Task Force of AWEA's Manufacturing Working Group.
Since the rebirth of the American wind industry in 1999, 20,000 manufacturing jobs have been created in the wind sector. This growth has occurred despite the lack of stable, long-term policy support and the sporadic nature of the federal wind energy Production Tax Credit (PTC).
The instability of the PTC, which is typically renewed by Congress for short-term periods of one or two years, caused drops in demand in 2000, 2002 and 2004 of 75 percent or more, resulting in significant delay or deferral in U.S. wind manufacturing investment.
The majority (75%) of the ...