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KTVZ.com
by: KTVZ.com news sources
November 25, 2012

Oregon veteran salutes wind energy tax credit: Credit set to expire at year's end, unless Congress acts

PORTLAND, Ore. - Members of one segment of the American workforce -- veterans -- are speaking out on behalf of wind energy development, in Oregon and across the country.


Many military veterans say their experiences in the oil-rich Middle East have convinced them that the United States should be doing more to encourage alternative energy sources.


Some, including Nate Sandvig of Portland, have chosen new careers in the field. The Army vet now combs the West on behalf of a French company, EDF Renewable Energy, evaluating potential wind farm sites.


Sandvig says watching millions being spent on infrastructure projects in Iraq gave him a new perspective on energy independence.


"I saw that as money we could use for directly investing in our energy infrastructure," he said. "We have everything we need here. It's just a matter of making that investment, providing some regulatory certainty that helps finance these projects, like the Production Tax Credit."


The Production Tax Credit (PTC) gives a little more than 2 cents back to wind producers for every kilowatt-hour of power they generate.


Sandvig says the PTC helps attract investment in wind energy, because getting a wind farm up and running is expensive.


Uncertainty about PTC renewal has already prompted companies to slow or cancel wind projects and lay off workers, he adds.

 

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