The phase-down should happen over the course of several years, and the incentive should be maintained permanently at a reduced rate, Fowke argues.
“To me that’s a reasonable compromise,” Fowke said, in remarks made Thursday at ACORE’s Policy Forum in Washington DC.
“It reflects where [wind energy is] economically. And it avoids the cliff syndrome that developers have struggled with.”
Fowke’s view is at odds with those in the wind industry who argue the PTC should be extended permanently at its full value – $0.023/kWh
