Another Wind PTC Extension? No Thanks, Many in Industry Say

By [email protected] The wind production tax credit (PTC) is heading out the door, and many in the industry are content to wave goodbye.

It might seem like a no-brainer for the U.S. wind industry to push for another extension of the PTC, the main subsidy that’s fueled the market’s rise — worth an inflation-adjusted $24 per megawatt-hour for the first 10 years of a wind farm’s life.

Yet with just 18 months remaining for developers to finish building projects qualified for the full PTC, many in the wind business either oppose another PTC extension or warn of unintended consequences should the multi-year phaseout be

Read Full Article Here

For more great articles: Greentech Media: Headlines

(Visited 1 times, 1 visits today)



© 2014 RenewaNews