On Tuesday the US Senate approved a one-year extension of the PTC retroactive to the beginning of 2014.
The wind industry was hoping for a two-year extension, with the one-year extension’s effect likely to be muted, given that it only allows developers a few weeks to break ground at new projects.
On Thursday Maria van der Hoeven, executive director of the Paris-based International Energy Agency, said that “yet another short-term extension” of the PTC “undermines investor confidence”.
The
