Vic
Abate,
the
head
of
GE’s
renewables
business,
is
bullish
on
wind
energy,
despite
the
“doom
and
gloom”
headlines.
The
list
of
challenges
facing
the
industry
is
long,
particularly
in
the
US,
where
GE
sold
about
half
of
all
turbines
installed
during
its
first
decade
in
the
wind
business.
Low-priced
natural
gas,
for
one,
makes
it
that
much
harder
for
wind
energy
to
compete.
Take
away
wind’s
principal
subsidy
—
the
$22-per-MWh
production
tax
credit
(PTC),
which
expires
at
the
end
of
this
year,
driving
another
of
the
boom-bust…
