The White House is touting a new report on wind power during President Obama’s campaign stop in Iowa, contrasting his views with those of GOP challenger Mitt Romney in the wind-heavy swing state.
The Energy Department (DOE) released its sixth annual "Wind Technologies Market Report" on Tuesday. It showed 32 percent of newly installed power-generating capacity in 2011 came from wind, amounting to $14 billion of investment.
The report also said ending the wind production tax credit (PTC), which pays wind producers 2.2 cents per kilowatt-hour, could “dramatically” slow new wind installations in 2013.
.... Obama is painting the wind issue as a job initiative in Iowa, the state with the second-most wind generation capacity in the nation. The report echoes administration and wind-industry claims that ending the PTC would cost 37,000 direct and indirect jobs, while extending it would preserve 75,000 jobs.
Obama is in the midst of a 3-day tour through the state.