12/30/2012

Race to beat wind energy deadline

2012 has seen large numbers of wind turbines installed all across the US.

US energy companies are racing to install wind turbines before a federal tax credit expires at the end of this year.

Experts say that wind power has exceeded the construction of natural gas plants in recent months.

However the financial incentive for wind could be lost as congress struggles to avoid financial deadlock.

Even if the credit is extended it is expected that new installations will decline in 2013.

According to industry analysts, the federal government's production tax credit has played an important role in the expansion of wind energy across the US since it was first introduced in 1992.


At that point there was less than 1.5 gigawatts of power generating capacity provided by wind across the country. That figure has grown dramatically. This year has seen around 12 gigawatts of wind power capacity installed, outpacing even natural gas projects which have boomed on the back of cheap shale.

- BBC.co.uk

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