Invenergy CEO: PTC phase-down may not count for much

The US wind business cheered the multi-year production tax credit extension clinched at the end of 2015, and the gradual step-down of support that came with it. But as mid-year reality sets in, big names in the industry, including Invenergy chief executive Michael Polsky, are wondering whether the PTC phase-out – which begins on 1 January 2017 – will hold much value after all.