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U.S. wind farm construction poised to boom as tax credit wanes 

Credit:  By Jim Efstathiou Jr. | Bloomberg | 11 May 2018 | www.bloombergquint.com ~~

Wind farm developers may add as many as 25 gigawatts of capacity in 2019 and 2020 as the scheduled reduction of a U.S. tax credit spurs an unprecedented building boom, according to analysts at Macquarie Group.

The flurry of construction will come as builders push to complete projects to take advantage of the production tax credit before it declines by 20 percent, Macquarie said in a research note Friday.

“We are expecting dozens of requests for proposals for wind farms being issued by utilities over the next six months, with commercial and industrial customers joining the race with time,” analysts led by Angie Storozynski wrote in the note.

Source:  By Jim Efstathiou Jr. | Bloomberg | 11 May 2018 | www.bloombergquint.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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