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First Wind chief executive says life without PTC is possible
Getting to a world without the PTC means finding ways to reduce costs to compensate for loss of the subsidy. "We think there is a path to do that, but everybody has to contribute," he says. Turbine manufacturers will have a key role to play.
June 25, 2012
by Richard A. Kessler
in Recharge News
By his own admission, First Wind chief executive Paul Gaynor will never win a popularity contest in the US wind industry by suggesting it can succeed without the federal production tax credit (PTC).
"I think it would be great if we could come to a conference and not talk about being subsidized by the federal government," he told the Renewable Energy Finance Forum-Wall Street event here this week.
"I know the industry has needed it. I think the question for all of us is, ‘Do we need it anymore or forever? I believe the answer is no,'" he says.... [continue via Web link]
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Tax Breaks & Subsidies
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