Sunday, January 27, 2008

Wind Jumps 45% - PTC Still Not Renewed

Good news in the wind power sector - installed wind power capacity jumped 45 percent in 2007. That shatters all previous records, according to the American Wind Energy Association.

The looming problem, though, is that the production tax credit (PTC) for wind still ha
sn't been renewed. It's set to expire at the end of this year and it directly effects the health of the wind power industry. The PTC is not permanent and must continuously be renewed - that's not good business for wind power folks, though. Wind projects tend to stall several months ahead of the PTC expiration date; an uncertain regulatory climate causes nervousness in developers.

Go here to ask your elected official to renew the PTC ASAP.

Photo credit: NREL

1 comment:

tomgraywind said...

Thanks, Maria. I might add that in 2007, the U.S., Spain and China each installed more new wind generating capacity than any country previously had installed in a single year. It's extremely urgent that the PTC be extended, though--new wind projects planned for next year (2009) are already being placed on hold.

Regards,
Thomas O. Gray
American Wind Energy Association
www.powerofwind.org
www.awea.org