AWEA: PTC Expiration Threatens Growth Of U.S. Wind Development

NAW staff, Wednesday 06 August 2008 - 10:24:24

U.S. wind farms now generate more electricity than any other nation in the world and are on track to expand by over 45% this year, the American Wind Energy Association (AWEA) says in its second quarter market report. But the expiration of the federal production tax credit in less than five months threatens this progress, according to the group.

"The nation needs an ambitious plan to promote the deployment of wind and other renewable energy technologies - and the urgent first step it must take is to rapidly extend the expiring credits, which are the primary incentive that the nation provides for these technologies today," says Randall Swisher, executive director of AWEA.

U.S. installed wind power capacity now stands at 19,549 MW. The industry installed 1,194 MW in the second quarter, down from 1,532 MW during the first quarter. This brings the year's new capacity to 2,725 MW, more than was installed in any year except 2007.

AWEA also reports an increase in domestic investment in wind turbine and wind turbine component manufacturing facilities over the past year and a half. At least 41 facilities have been announced, opened or expanded over that period of time.

For more information, visit awea.org

SOURCE: American Wind Energy Association



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