North America
February 13, 2018
Renewables | Wind Power
Visual Primer Series
EnerKnol’s Visual Primer – Wind Industry Faces New Roadblocks as Tax Credit Deadline Looms
Weak Growth in Electricity Demand and Low Natural Gas Prices Main Threats to Future Growth
The U.S. wind energy industry has grown significantly over the past decade thanks to federal and state support, along with technology advancements improving costs and performance. The federal production tax credit (PTC) has left the greatest impact on the industry. However, the PTC expires in 2019 narrowing the window for new projects as the industry prepares for a slowdown. Other challenges, such as attempts to redefine PURPA terms and assess the impact of wind farms on tourism, along with slow growth in electric demand, make the outlook on wind less certain.
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