Today in Cleantech

Time’s environmental reporter, Bryan Walsh, took a look at 2012 and the subsidy environment for renewable energy. Quite simply if the Production Tax Credit (PTC) is not renewed for wind power and if the Treasury Department’s section 1603 program, which gives cash grants to renewable energy projects, sunsets on December 31st, we’re headed for a rough couple years. A wind energy industry sponsored piece of research from Navigant Consulting (Navigant called the plunge in solar PV prices) says the industry will lose 37,000 jobs if the PTC expires. More problematic in my eyes is the difficulty of making renewable energy price competitive when the industry must constantly adjust to drastic shifts in the subsidy environment, particularly when wind and solar power are getting incrementally cheaper every year.

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Adam Lesser

Analyst Gigaom Research

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