27 Oct '11, 12pm

“This is what a successful business looks like with stable tax policy” @AWEA Denise Bode @greentechmedia #windworks

“This is what a successful business looks like with stable tax policy” @AWEA Denise Bode @greentechmedia #windworks

The U.S. wind industry’s third quarter report shows the sector continuing to build and adapt to political and economic turmoil -- and something more. Cumulatively , the most mature of the renewable industries has built 43,461 megawatts of installed capacity, enough to supply electricity to 10 million U.S. homes. As of July 2011, wind power was producing three percent of the nation’s electricity. The wind industry built 1,204 megawatts in Q3 2011, bringing the year’s total to 3,355 megawatts. But growth is not news for wind. It has grown regularly for more than a decade -- except when the politicians pull its production tax credit (PTC). Unlike the fossil and nuclear industries’ multiple and fixed federal incentives , the industry relies largely on the one tax incentive. When Congress has in the past threatened to withhold renewal of it, developers were forced to put one of...

Full article: http://www.greentechmedia.com/articles/read/whos-buying-w...

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