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"We see more reason for optimism than we did three months
ago. The market appears to be
firming as the end of the year
draws nearer." Developers are
pushing to complete projects by
the end of the year in order to
qualify for the PTC. A quick
extension of the credit is urgently
needed, Swisher said, to ensure
that the momentum gained
toward industry growth is not
lost as it has been in the past
when the credit expired. A threeyear extension of the PTC is
included in both the House and
Senate versions of comprehensive
energy legislation now pending
in Congress. Swisher also called
on energy bill conferees to support Senate-passed provisions
that would establish a national
Renewables Portfolio Standard
(RPS) requiring that 10% of the
nation's electricity come from
renewable energy sources by
2020 and a Small Turbine
Investment Credit for homeowners who install residential wind
machines. www.awea.org
14
September/October 2003
REFOCUS
www.re-focus.net