27 Jun '14, 10am

New Peak Wind Power Record In Texas

New Peak Wind Power Record In Texas

The significant slowdown in wind additions in 2013 mirrored the national trend , which reflected the lapse of the federal production tax credit (PTC) at the end of 2012. That lapse encouraged those with facilities under construction to complete them and begin operation before the end of 2012 in order to receive the tax credits (which are for all generation during the first 10 years of operation). The subsequent one-year extension in early 2013 required only that plants commence construction in 2013 to be eligible to receive the tax credits after the start of operations at a later date. This modification of eligibility requirements led to many wind projects beginning construction in 2013 with expected completion dates in 2014-15. Trade association reports estimate that there were more than 7,000 MW of wind projects under construction in Texas at the end of 2013; however, ex...

Full article: http://cleantechnica.com/2014/06/27/new-peak-wind-power-r...

Tweets

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