Saturday, November 10, 2012

Renewable energy industry weighs for Obama win

Saturday, November 10, 2012
Salt Lake City, UT--with the 2012 election over and President Barack Obama secured re-election, producers of renewable energy already provided search us, what they expect will be four more years of more support for their efforts.

A collective sigh of relief

According to Ed Feo, co-founder of USRG renewable finance (USRGRF), the last night of Obama brings victory "a continuation of politics, which are favourable to renewable energy." FEO is also, that one of the most important imminent expiration of wind power emits production tax credit on December 31 to the hand as one, as a consequence of the election result will probably robust support. "I think that will promote Obama management for the" FEO said.

FEO is not the only one that Obama to take victory as a new breath of life for a group of industries is 2012 can be occurred which during certain points concerning future during the election campaign. For Scott Sklar, President of the Stella group, the Obama has re-election "consequential positive impact on growth and development of the U.S.-energy efficiency and renewable energy."

"The President clean energy, one of the best three planks of his Administration has made," said Sklar in a press release today. "The President has extension of the wind energy production tax credit, supports, while his opponents the extension against and green jobs called, 'Imagination'." Sklar is forecasting double-digit growth in the market overall renewable energy as a result of ongoing procurement for energy efficiency of federal and national Governments, and shows announced report, the $282 billion of global private investments in 2012, as evidence of massive worldwide interest in renewables status on the this year's REN21 renewables global.

Industry experts give renewed hope

Rhone Resch, CEO of the solar energy industries Association (SEIA), shares the Sklar optimism and gets Obama "huge trailer of solar energy." Resch sees a continuation of support for solar power from the Obama management, he says that this significantly, the industry has been job growth. "Today, the solar industry employs more than 119,000 Americans at 5,600 companies, mostly small businesses in all 50 States - which is more than twice as many Americans in solar in 2009 work" Resch said in a press release published today.

Resch added that since Obama of the election in 2008, "the height the solar vehicle drive real estate, businesses and military bases of 1,100 megawatts in 2008 on more than 400 percent today - has 5,700 megawatts." "The Government issued a policy to allow the solar systems for the first time on public lands and target a large drivers of this growth was used to allow additional renewable energy projects on public land, to 10 gigawatts by the end of 2012." Resch cited also that figures show U.S. solar installations in 2012 will be "another year of record growth" for the solar industry.

Finding support from both sides of the political corridor, Denise Bode, CEO who was American Wind Energy Association (AWEA), which recently reported in 2012, the most profitable year for the U.S. wind industry, pointed to the last night renewal House representative Dave Reichert (R - WA), Steve King (R - IA), Tom Latham (R - IA) and Senator Dean Heller (R - NV) as positive steps for the wind industry. All four have offered support to the wind energy initiatives and potentially critical player for the extension of the PTC. "We saw election results, to authorize the Americans with an overwhelming majority of wind energy, and they vote for politicians who support them in the" bode said.

Addressing certain hurdles, the still in the way of the wind energy PTC's extension also lack of commitment under leadership in the House of representatives and suggestions that the PTC can only be extended if the tax credit finally expiring on agreement is available, said bode, "wind power will forever need a tax credit not." Bode added, "when the production tax credit for wind, wind support are the only energy source without federal income tax and that would be bad policy." Bode and the AWEA remain nevertheless optimistic that Obama provides the re-election, that the necessary leadership to ensure government support continued.

"We have more work to do"

Echo of Obama the words during his victory speech in Chicago last night - where the President "we have declared supporters, to do a lot" - FEO pointed out, that although profits are made, there is more to support the renewable energy initiatives to be carried out. "We need to expand financing instruments that represent other sectors - such as master limited partnerships - on renewable energy," said FEO.

Also, FEO stressed the need for investment in renewable energy by extending an incentive and continuous support the credit control systems such as PTC, and the investment tax credit (ITC) - the latter of which is planned, to see a significant decline in percentage terms at the end of 2016. "I think the Obama administration will push to extend or retain some support," said FEO.

Perhaps as a sign that it is not only the area of which, continued coal shares renewable energy that takes Obama seriously on his intention, the pursuit of more clean energy initiatives a steep jump on Wednesday after the election results. This news is no surprise that consciously the Obama plans stricter rules for oil and coal producers in his second term, including new EPA forced limits on CO2 emissions for coal-powered power plants, and even stricter restrictions on mercury and sulphur dioxide, is expected which to cause a sharp rise in the cost of the combustion of coal.

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