12 May '18, 11am

AWEA 2018: US wind power industry facing a 'tumultuous time' - Windpower Monthly

AWEA 2018: US wind power industry facing a 'tumultuous time' - Windpower Monthly

Offshore wind will pick up strongly enough that by 2025-2027, fully 25% of the US’s wind growth will be offshore, said the consultancy's Dan Shreve. There will be 5GW off offshore installed by 2027, Make forecasts. It’s a "tumultuous" time in the industry, said Shreve, speaking at the Make breakfast on the opening day of Windpower 2018 in Chicago. There is a boom under way as OEMs and developers rush in to capitalise on the Production Tax Credit (PTC) before it is phased out in the early 2020s. During that time, there will be more consolidation of companies in the wind sector, he said. But there will be a "soft landing" after the phase-out, he predicted, because of the spate of wind purchase announcements by utilities and corporate buyers. Indeed corporate purchases will continue to accelerate, because wind makes economic sense for them, he said. However, the nation’s net ...

Full article: https://www.windpowermonthly.com/article/1464036/awea-201...

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