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May 24, 2012 -- "We commend the President for calling attention to the important issue of continued policy support for private sector investment in U.S. renewable energy manufacturing and generation.  A combination of policy, manufacturing improvements, industry success in cost reduction, and private-sector investment has generated one of the fastest growing industries in the U.S. with a corresponding increase in jobs. In 2010, $31 billion in private capital was invested in the U.S. renewable energy market. Immediate extension of the PTC and 48C programs is needed to send a strong signal to the market to maintain and accelerate this impressive level of business progress and U.S. economic activity, so badly needed by U.S. companies and workers."

Tags: 48C