Industry hails rapid growth, as leading firms warn that end of production tax credit could lead to stalled investment
LAS VEGAS, NV — “The US wind energy industry is now providing enough capacity to power 13 million homes, equivalent to all of Nevada, Colorado, Wisconsin, Virginia, Alabama, and Connecticut combined.
The American Wind Energy Association (AWEA) used the annual National Clean Energy Summit in Las Vegas last week to confirm that the sector had passed the 50GW installed capacity milestone after yet another quarter of rapid growth.
The trade body said the 50GW of capacity was equivalent to the generating power of 44 coal-fired power stations or 11 nuclear power plants, resulting in emission reductions that would equate to taking 14 million cars off the road.
The milestone was achieved thanks to a surge in new wind farms coming online as developers rush to complete projects before the possible lapsing of the US government’s crucial production tax credit (PTC) at the end of this year. According to AWEA, over 2.8GW of capacity has now been added during the year to date, while total US wind energy capacity has doubled since 2008.”
— James Murray, BusinessGreen