Steve Lockard: Taxpayer-backed wind energy helps RI

March 4, 2014 by  
Filed under Green Energy News

Thomas Pyle(“Green energy handouts to big business hurt R.I.,” Commentary, Feb. 26) misinforms readers on wind energy’s benefits, not just to Rhode Islanders, but the entire country. In reality, Rhode Island is a wind power innovator, taking advantage of new technologies to transform America’s energy landscape.

The Ocean State is set to host one of the first offshore wind farms in the country.

TPI Composites continues to innovate and provide world class tooling to its various wind blade plants around the world from its Warren and Fall River locations.

Red herrings like Solyndra, on the other hand, have nothing to do with wind power.

The Production Tax Credit and the Investment Tax Credit are important federal incentives that have helped to drive economic development by supporting up to $25 billion a year in private investment.

With the help of the PTC and ITC, the wind industry benefits all 50 states. In Rhode Island, manufacturers like TPI Composites make up a key component of the wind power supply chain, supporting skilled jobs in a rapidly evolving industry.

Despite its size, Rhode Island contributes in a big way to a national energy mix that will be more diverse, more affordable, and more secure, thanks to the state’s efforts. When we look at the whole picture, wind power is a good deal for Rhode Island and for the nation.

Steve Lockard

Scottsdale, Ariz.

The writer is president and CEO of TPI Composites.

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