US wind industry could accept six-year PTC phase down - AWEA

The US wind industry believes a phase down of the production tax credit over six years through 2018 would enable it to become cost competitive without the main federal subsidy, which was enacted in 1992.

In a letter to eight leaders in both parties in Congress, American Wind Energy Association chief executive Denise Bode says the industry’s own analysis shows that such a glide path would enable it to sustain minimal viability, while continuing to achieve cost reductions.

She writes that the “extensive analytical effort” indicates that such a phase down could be a PTC starting at 2.2 cents per kWh, or 100% of the current level for projects that begin construction in 2013, followed by 90%, 80%, 70%, 60%, and then 60% of the current level Log in to read complete article.

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