Better Late Than Never: PTC Extension to Result in Fewer Windfarms Developed in 2013
Posted on January 04, 2013 at 03:32 AM EST
SUGAR LAND--January 4, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Congress agreed to extend the federal Production Tax Credit (PTC) for wind power owners for a year as part of its 11th-hour negotiations to avert falling off the so-called "fiscal cliff." With the PTC extension in place, Industrial Info predicts that only 3,000 to 4,000 megawatts (MW) of new wind power could reach commercial startup by the end of 2013.