Challenges ahead for wind power developers
In the United States, some wind power developers are beginning to focus on wind farms in other countries. They are frustrated by the wrangling over the U.S. tax credit, which will undoubtedly flare up again by next autumn because the tax credit is due to expire at the end of this year. Wind developers in the United States have also been stymied by the falling price of electricity.
January 9, 2013
by Kate Galbraith
in New York Times
AUSTIN, TEXAS - Last week, global wind turbine manufacturers heaved a sigh of relief after the U.S. government extended a tax credit considered crucial to the industry.
But 2013 will still bring challenges to wind developers around the world. In the United States, long-term uncertainty about the tax credit - which was extended for only one year, after considerable political tension - will continue. Growth in China is expected to slow, a casualty of constraints on the electric grid. And Spain, an important market in Europe, has stalled.
"The industry's rate of growth will slow substantially in the coming few... [continue via Web link]