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newsroom
Finance and wind power leaders will gather in New York next week for a Wind Power Finance & Investment workshop held by the American Wind Energy Association (AWEA), at a time when the credit crisis is roiling financial markets, the extension of the production tax credit (PTC) for wind power is in the balance, and financial and energy issues feature prominently on the national political agenda. “Despite the recent uncertainty over the PTC extension which is putting the industry through the wringer and turmoil in the financial markets which could compound challenges, wind power is bursting with promise for the future, especially if given a long-term fighting policy chance,” said AWEA Executive Director Randall Swisher. “The workshop is occurring at the crossroads of some very critical events in time,” said Edward Zaelke, partner at Chadbourne & Parke, LLP, and the workshop’s program chair. “These are the current banking crisis, the November election, and the ticking of the Congressional clock on the opportunity to extend the renewable energy tax credits that expire at the end of this year. “Amidst the general turmoil, there remains a great deal of interest in renewable energy. It’s important to note that industries that perform well through tight economic stretches tend to perform even better when recovery occurs. Once the financial dust settles, I would not be surprised to see renewable energy be one of the key leaders in the new economy. ” While the long-term outlook will be discussed, it’s also clear that the current financial crisis and the roller-coaster developments regarding the PTC extension in Congress will be high on everyone’s minds and on the agenda. For one particular session on financial markets, said Zaelke, organizers are augmenting the speaker lineup, working to bring in additional experts on the issue. In addition to current challenges, workshop panel topics also include detailed examination of the elements of a successful wind project; investment strategies; equity financing, and tax equity structure and trends; debt issues; construction finance; turbine supply and finance; and issues with wind company Initial Public Offerings (IPOs). The AWEA Wind Power Finance & Investment Workshop will take place October 6-7 at the Roosevelt Hotel, in midtown Manhattan. AWEA's fifth workshop in New York City, this is the premier financing workshop in the wind power industry. Over 300 participants are expected for the event. For more information see http://www.awea.org/events/finance08/ . For media registration information and guidelines please contact Gina Miller at windmail@awea.org.
AWEA is the national trade association of America’s wind industry, with more than 1,600 member companies, including global leaders in wind power and energy development, wind turbine manufacturing, component and service suppliers, and the world’s largest wind power trade show. AWEA is the voice of wind energy in the U.S., promoting renewable energy to power a cleaner, stronger America. More information on wind energy is available at the AWEA Web site: www.awea.org. # # #
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