Romney campaign: Let wind energy credit die this year
The statement is significant because while a campaign surrogate said earlier in July that Romney “thinks these kinds of technology-specific incentives are a bad idea,” the surrogate nonetheless said Romney had not decided how the incentive should be “wound down” and suggested that Romney might be open to a limited extension.
The wind industry calls the production tax credit vital to financing new power projects, and says uncertainty about its future is already spurring layoffs along the wind energy supply chain and that tens of thousands of jobs are at risk.
President Obama and top administration officials have repeatedly called for extension of the credit in recent months.
The number of new wind power installations have fallen off sharply in the past when the credit has been allowed to lapse, which last happened in 2004.