The U.S. House of Representative has voted on a strong bipartisan basis, 316-113, to approve the 2016 spending package.
The U.S. Senate followed this afternoon, also with a strong bipartisan vote, 65-33. As a result, the wind energy Production Tax Credit (PTC) and alternative Investment Tax Credit (ITC) will now be extended for 2015 and 2016, and continue at 80 per cent of present value in 2017, 60 per cent in 2018, and 40 per cent in 2019. As before, the rules will allow wind projects to qualify so long as they start construction before the end of the period.
