COVID-19 INFORMATION & RESOURCES
The COVID-19 pandemic is causing unprecedented challenges to the U.S. healthcare system, disruptions to daily life across the country, and deep uncertainty across the economy. Global supply chain disturbances and massive public health interventions are extending these obstacles to the U.S. wind energy industry as well. Protecting American jobs and economic investment and ensuring the safety of the wind workforce remain our primary objectives.
To help protect America’s wind workers and the rural communities that rely on wind development for tax revenue and land lease payments, we are asking that Congress include these priorities in their economic stimulus package.
Extend the PTC/ITC continuity safe harbor from four to six years for projects that began construction after December 31, 2015 – delays in the supply chain and construction caused by the pandemic are disrupting project timelines threatening wind energy jobs and investment. Extending the safe harbor will provide America’s wind sector the certainty needed to weather this storm.
Securing a direct pay provision equal to 100% of the PTC/ITC value – once the danger has passed and the economy begins recovering from the disruptions caused by the pandemic, wind developers will need an alternative to the tax equity market to finance projects. Direct pay will provide developers with access to the capital needed to continue investing and creating new jobs.
Without Congressional action on these critical issues, more than 25 gigawatts of wind projects are at risk, representing $35 billion in investment. Rural communities across the country could see a loss of over $8 billion in state and local tax revenue and land lease payments to farmers and other private landowners. And at a time when America will need to be getting back to work, more than 35,000 wind jobs from manufacturing to skilled trades could be lost.
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To learn more about AWEA’s response to the ongoing COVID-19 pandemic, visit https://www.awea.org/covid-19.