Siemens: Long-term extension of wind Production Tax Credit will bolster growth of renewables

Siemens recently welcomed congressional action to approve a five-year extension of the federal Production Tax Credit (PTC) for wind energy. Jacob Andersen, Siemens Onshore Americas CEO, released the following statement applauding Congress on the passage of this legislation:

“On behalf of the nearly 2,000 Siemens wind energy employees in the U.S., I applaud Congress for its leadership in providing clear, long-term certainty for renewable energy growth in America. The PTC has encouraged tremendous investment in wind energy, helping to reduce the cost of wind power while simultaneously creating a new American industry. This extension will bolster the continued growth of domestic wind energy and the jobs this growing industry supports, allowing our factories to plan for the future as we continue to deliver innovation that drives down the cost of wind power.”

Over 5,000 Siemens wind turbines are installed in the U.S., capable of producing clean, renewable power for more than 2.5 million households every day. Siemens has made substantial investments in wind energy in America, including a blade factory in Fort Madison Iowa; a nacelle assembly facility in Hutchinson, Kansas; a wind research and development center in Boulder, Colorado; and the Siemens Wind Service Training Center in Orlando, Florida.