IN DEPTH: PTC renewal won't spark big US wind surge in 2013

The US wind industry won a last-minute reprieve as Congress extended its main tax credit on more favorable terms through 2013, but don’t expect a major surge in new project construction this year.

Developers can now qualify for the production tax credit (PTC) if they begin construction before it expires, not placed in service as earlier required. The incentive pays $22 per MWh, inflation-adjusted, for the first decade a project is on line.

“We still expect a big decline in wind build. It will be a slow year for completed projects,” says Matt DaPrato, a senior research analyst at IHS Emerging Energy Research. For now, the consultancy has forecast 1.2GW in new installations versus a record 12GW to 13GW in 2012, when developers rushed to Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login

Recharge App


Dowload the Recharge Mobile App
Get the free Recharge subscriber app on your device running iOS or Android.
Read Recharge anytime and anywhere.
Recharge IOS App