Congress in December approved a one-year extension of the US Treasury 1603 programme that covers 30% of eligible costs for a wind project if construction begins by yearend. Some developers and utilities deferred investments as they could not meet that stipulation by 31 December last year.
LM Wind Power spokeswoman Helle Larsen Andersen tells Recharge that while the company feels badly about having to take such a move, it needed to “adapt our capacity to demand.”
