Click below to listen to Leon, Steinberg, CEO of National Wind on Minnesota Public Radio, commenting on how wind companies like President-elect Obama’s New Energy Plan!

http://minnesota.publicradio.org/display/web/2008/11/12/obamaenergy_2008/

Barack Obama made history when he was elected to be the 44th President of the United States of America. He is not only the first African American president, but also armed with an aggressive plan for economic and environmental change. His plans aim to provide immediate relief to struggling families, while building an economy based on clean, renewable energy. Some of the key items in President-elect Obama and Vice President-elect Biden’s New Energy for America Plan promote green living by reducing our overseas oil dependence, expanding the production and investment in renewable energy resources, and creating jobs for millions of Americans.

Over the next ten years Obama and Biden plan to invest $150 billion in U.S. based green jobs. This will serve as an investment in America’s highly skilled workforce and in wind, biofuels, and low emissions coal manufacturing facilities. Plans to design a new digital electricity grid infrastructure will also create jobs. This investment is designed to help supply America with the tools it needs to lead the way in renewable energy production. By sponsoring more US based wind manufacturing facilities, Obama hopes to reduce our dependence on overseas oil and thereby increase energy security for our country.


Obama and Biden further propose to increase energy security by getting one million plug-in electric vehicles on the road by 2015. As a U.S. senator Obama has lead efforts to jumpstart federal investment in advanced hybrid electric vehicles that can get over 150 miles per gallon of gas. To electrify the market, the President-elect has proposed a $7,000 tax credit for the purchase of advanced technology vehicles as well as conversion tax credits. To promote this nascent technology, Obama and Biden will commit to setting a leadership example by converting the entire White House fleet into plug-in electric vehicles within their first year of office, as security permits. The President-elect also recommends that half of all cars purchased by the government be either plug-in electric or hybrid electric by 2012.

Barack Obama and Joe Biden also call for the establishment of a federal Renewable Portfolio Standard (RPS) to require that 10% of electricity used in the U.S. is derived from clean, sustainable energy sources, such as solar, wind, and geothermal energy production by 2012. This national requirement is intended to promote significant private sector investment in renewable sources and create thousands of American jobs, particularly in rural areas. Furthermore, the federal Production Tax Credit (PTC), currently set to expire at the end of 2009, will be renewed for 5 years under the Obama plan to encourage stable development of wind energy projects.

In order to achieve these renewable energy goals, Obama and Biden will have to pursue a major investment in an innovative method to transmit electricity and monitor its use. The current U.S. electrical grid requires expensive and lengthy upgrades to support renewable energy development. Adopting a national utility grid would provide the required capabilities to accommodate our 21st century energy requirements. This new “Smart Grid” will improve reliability and security, provide increased distributed storage, and be more affordable.

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