28 Dec '12, 12pm

An Industry's Future, Blowing in the Wind

An Industry's Future, Blowing in the Wind

December 28, 2012, 7:32 am An Industry’s Future, Blowing in the Wind By MATTHEW L. WALD J. Emilio Flores for The New York Times Iberdrola’s new Manzana wind installation in Rosamond, Calif., went online last week, just in time to capitalize on the federal wind production tax credit. As I note in Friday’s paper , construction of new wind farms is going to grind to a halt with the end, at least temporarily, of the wind production tax credit. What’s next? The credit is worth 2.2 cents per killowatt-hour generated, beyond whatever the electricity can be sold for on the regional market. At some hours of the day, most or all of the revenue will come from the tax credit. Without the credit, wind farms could still be profitable if they were built where the wind is strongest, according to Robert W. Thresher , a research fellow at the Energy Department’s National Renewable Energy La...

Full article: http://green.blogs.nytimes.com/2012/12/28/an-industrys-fu...

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