President Obama presses for renewable energy manufacturing

Posted by scapozzola on 05/24/2012

Today, President Obama is visiting a wind manufacturer, TPI Composites, in Newton, Iowa.

Newton has had it rough in recent years.  For a long time, Maytag manufactured washers and dryers in Newton.  Unfortuately, 1,900 employees lost their jobs after the company was acquired by Whirlpool in 2006.

Thankfully, Newton has experienced an uptick in jobs lately.  TPI Composites, which manufactures wind blades for major turbine manufacturers, built a plant in Newton in 2008.  Today, the company employs more than 700 workers.

TPI Composites would point to the federal Production Tax Credit (PTC) as one key to their success.  The PTC provides a 2.2 cent per kilowatt-hour tax credit for the first ten years of electricity production from utility-scale turbines.

Congress has vacillated on extending or retiring the PTC, though, and the President is expected to use his visit to TPI as an opportunity to urge Congress to pass legislation that will extend the PTC.  He will also press for an expansion of the 48C Advanced Energy Manufacturing Tax Credit that supports American-made clean energy manufacturing.

There are good rasons to push for a larger U.S. wind turbine industry.  Wind component production supports nearly 20,000 direct jobs along with over 30,000 manufacturing jobs in its supply chain.

The Alliance for American Maufacturing (AAM) has repeatedly pressed for federal effort to boost renewable energy production in the U.S.  Specifically, AAM's "Plan to Save Manufacturing" calls for efforts to:

  • Expand and make permanent clean energy manufacturing tax credits and industrial energy efficiency grants to allow America to lead on green job creation
  • Link federal loan guarantees for new energy infrastructure projects, including nuclear, wind, solar, other renewable energy sources, as well as the smart grid, with expanding domestic supply chains

Read more about a U.S. manufacturing future that features robust efforts toward renewable energy.

Related recent Blogs

@KeepitMadeinUSA on Twitter

  • .@VP talks infrastructure in a new video: It's time for a long-term plan to Rebuild America: 25 min 19 sec ago
  • Hey @BarackObama: We think strengthening workforce training is great. Now let's make sure workers can find jobs. 43 min 50 sec ago
  • RT @ScottPaulAAM: Rarity: D&R voters overwhelmingly agree #TPP should prohibit currency manipulation. So do House & Senate. More here: http… 59 min 43 sec ago
  • Trade agreements shld have mechanisms allowing U.S. to take action if currency manipulation is found to be taking place, @ScottPaulAAM says. 1 hour 24 min ago
  • Americans are united: Lawmakers must work to prohibit currency manipulation when negotiating trade deals. 1 hour 30 min ago
  • Currency manipulation isn't always on the minds of Americans, but they oppose trade deals unless it's prohibited. 1 hour 32 min ago
  • By more than 2-1 margin, Americans think Congress shld oppose trade deal that doesn’t prohibit currency manipulation. 1 hour 35 min ago
  • A new poll finds 82% of Americans think U.S. manufacturing jobs are more important than accessing foreign markets: 1 hour 36 min ago
  • Calling all reporters! We're hosting a call on new polling data on trade policy in 30 mins. Email for call-in info. 2 hours 13 min ago
  • A must-read from @WSJecon: The Furor Over “Factoryless” Manufacturers. 3 hours 50 min ago