in News Departments > New & Noteworthy
print the content item

Another major player in the U.S. wind industry is feeling the effects of policy uncertainty: Portland, Ore.-based Iberdrola Renewables will suspend new construction on wind farms if the wind energy production tax credit (PTC) is not extended, company spokesperson Paul Copleman told NAW.

Iberdrola will still pursue "selective opportunities" in the U.S., Copleman said, but any projects that are not built this year will likely get the ax if the PTC expires.

"If we can't build it in 2012, we don't plan on building it in 2013, unless and until a PTC is passed," he said.

Nonetheless, the company will continue work on projects that are already in the advanced stages of permitting, especially if they are located in strong markets. Projects that rely on short construction seasons - such as those located in colder climates - as well as other factors that complicate construction, however, face a harsher reality if Congress does not pass PTC legislation, Copleman noted.

The decision to suspend new construction is not the first move Iberdrola has made in reaction to policy and market uncertainty. The company confirmed last week that it recently laid off 50 of its U.S. employees, and last March, it cut its 2012 U.S. development forecasts from the 1 GW to just 350 MW.



Trachte Inc._id1770
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

UEA_id1896
Acciona_id1907
JLG_id1900
WomenofWind_id
AWEA_id1886
bonfiglioli_id1913