Wind turbine makers braced for US tax-credit turmoil

Uncertainty about the extension of the production tax credit (PTC) could soon begin to hit US wind-equipment manufacturers, as deve­lopers delay ordering turbines for 2013 projects.

Don Furman, senior vice-president of external affairs at Iberdrola Renewables, says the company “may do some adjustments to our pipeline to shrink to a more appropriate size”. Developers will have to look for “niche opportunities”.

Already, Iberdrola’s corporate parent in Spain is directing less capital to the US. “A lot of the capital that was going to the US is now going to the North Sea for offshore development, because they’ve got a stable regulatory climate there and a market,” Furman tells Recharge.

Steve Trenholm, chief executive of E.ON Log in to read complete article.

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