WIND’S TAX CREDIT AGAIN DRIVING GROWTH

Wind Power Bookings Accelerate in U.S.

Jack Keough, September 12, 2013 (TED Magazine)

“Nine months ago, Congress and President Obama agreed to extend the Production Tax Credit…The credit contained an important new provision that projects only have to be under construction by the end of the year to qualify, rather than fully operational, as it had been in the past…One of the results…is that wind power seems to be expanding…[O]nly 1.6 megawatts (MW) of power were commissioned during the first few months of the year…[But approximately] 1,300MW are now under construction while more than 3600MW in power purchase agreements have been secured. In total, utility plans for more wind announced in the first six months of this year total nearly 5000MW…” click here for more

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