President Obama announced the awardees of the program, worth $2.3 billion in tax credits. The White House says “the tax credit program will help build a robust high technology, U.S. manufacturing capacity to supply clean energy projects with U.S. made parts and equipment. These manufacturing facilities should also support significant growth in U.S. exports of U.S. manufactured clean energy products.”
Renewable Energy Wind
Commercial viability, domestic job creation, technological innovation, speed to project completion, and potential for reducing air pollution and greenhouse gas emissions are some of the criteria used to assess how the tax credits are allocated. The White House says the program was oversubscribed by a ratio of more than 3 to 1, “reflecting a deep pipeline of high quality clean energy manufacturing opportunities in the U.S.”
