31 Jul '13, 11pm

US wind industry poised for robust recovery

The US wind energy industry is poised for a dramatic recovery over the next 12 months, despite the market grinding to a standstill during the first half of this year. New figures released this week by the American Wind Energy Association (AWEA) confirm that the high profile row in Congress at the end of 2012 over whether or not to extend the Production Tax Credit (PTC) had a chilling effect on the market. FURTHER READING New EPA boss urges businesses to 'embrace the opportunity of climate change' Largest solar project in the southern hemisphere gets go-ahead In the end an 11th hour deal was brokered that saw the PTC extended, but not before developers had rushed to meet the assumed end of year deadline for the incentive, leaving the development pipeline empty. As a result, only 1.6MW of new wind energy capacity was commissioned during the first half of the year with no pro...

Full article: http://www.businessgreen.com/bg/news/2286124/us-wind-indu...

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