Today the Senate Committee on Energy and Natural Resources met to discuss China’s effort in clean energy and how we can collaborate and/or compete with them to gain a foothold in the clean energy industry. The chairman of the committee Senator Jeff Bingaman started off the hearing saying that he has been impressed with China’s […]
Yesterday, the Senate Finance Committee had a members meeting to discuss extending the renewable energy production tax credit 1603 that currently allows an income tax credit of 2.2 cents per kilowatt-hour. This tax credit is set to expire at the end of 2012 for wind energy and at the end of 2013 for other renewable sources. Representatives […]
Senators Coons of Delaware and Moran of Kansas introduced a bill on Thursday that would allow the renewable energy industry access to tax advantages by forming Master Limited Partnerships (MLP). MLPs are companies that are taxed as partnerships but whose stocks can be traded on the market. Up to this point, only fossil fuel enterprises were allowed […]
Washington, D.C. – Last week, the Appropriations Committees in both the U.S. Senate and House of Representatives approved their respective Fiscal Year (FY) 2013 Energy and Water Development Appropriations bills. The Senate funding measure includes $59 million for the Department of Energy’s (DOE) Energy Efficiency and Renewable Energy (EERE) Water Power program, while the House bill […]
Attention OREC Members and supporters of offshore renewables. Follow the links to find the letters to theHouse and Senate Chairman and Ranking members of the Energy and Water Development Appropriations subcommittees . 23 Members of Congress and 14 Senators signed letters in support of EERE and Water Power R&D funding levels. You may want to reach out to […]
