Study says wind tax credit loss would cost US $28.2bn by 2016

A study commissioned by the American Wind Energy Association paints a bleak picture for the US wind industry if Congress does not act on a proposed four-year extension of the production tax credit (PTC) beyond 2012.

The study by Navigant Consulting estimates that the country will lose $28.2bn in cumulative economic activity through 2016 without the PTC in place.

The potential impact would be immediately felt as total wind-supported jobs would decline by nearly half from 78,000 to 41,000 in 2013, and total wind investment will fall by nearly two-thirds from $15.6bn in 2012 to $5.5bn.

Wind installations would average 2GW to 4GW annually through 2016 versus a projected 8GW in 2012, according to the study.

Should Congress approve a four-year extension, wind installations would total between 8GW Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login

Recharge 40 40 Magazine


Recharge Monthly Magazine

Recharge App


Download 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

Media pack 2014


Download the 2014 Media pack
Recharge is a must-read for anybody wanting to stay abreast of renewables and puts advertisers at the heart of current debate. Media pack 2014
Media Pack 2014