HSBC Global Research says the PTC enjoys bipartisan support ahead of the expected plunge in the US wind market from 11GW this year to 3GW in 2013, which it dubs the “clean-tech cliff”.
But the analysts warn that the PTC – the key federal subsidy for US wind power – would need to see a multi-year extension to bolster investor confidence in the sector, along with a federal clean-energy standard.
Obama’s
