12 Aug '11, 2pm

What’s Behind U.S. Wind’s Big 1H 2011 Numbers? via @greentechmedia

What’s Behind U.S. Wind’s Big 1H 2011 Numbers? via @greentechmedia

The U.S. wind industry added 2,151 megawatts of installed capacity in the first half of this year despite a bumpy economy. It was a 72 percent jump from 1H 2010 ’s 1,250 megawatts. At the beginning of the 2H 2011, construction had started on another 7,354 megawatts of wind power capacity. It is the biggest single quarter “under construction ” number since before the recession hit home in 3Q 2008. Do these numbers herald the return of the 2006-to-2008 glory years? Or is there something going on behind the curtain? “Two pieces create the framework,” Elizabeth Salerno, the American Wind Energy Association (AWEA) Chief Economist and Director of Industry Data Analysis explained. “The 1603 program, which means you need to be under construction this year. And the PTC [production tax credit] which means you need to be on line by the end of next year.” In December of 2010, Congress...

Full article: http://www.greentechmedia.com/articles/read/whats-behind-...

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