The early 2020s are shaping up to be better than expected for US wind installations in spite of the fading production tax credit (PTC), thanks in part to recent momentum in the repowering market.
A “diverse” group of wind developers purchased enough equipment last year at the 60% PTC value to build 6.6GW of capacity in 2022, an “encouraging signal” that hints at an upside to previous forecasts, according to market researcher Wood Mackenzie.
