Stories tagged with "PTC"

Wind power set to decline under Obama?

For the fourth consecutive year, the US set records in 2008 for the construction of new wind farms, with more than 8,300MW installed in the year, making the country the leader for both yearly installations and, for the first time in many years, overall installed capacity (nudging out Germany which has long been the world leader). The sector created a record number of jobs at a time when few other sectors did.

But for reasons linked to the inconsistent regulatory framework until now, and to the ongoing credit crisis, 2009 is likely to be a bad year for wind, with a decline in installations and, possibly, layoffs.

Of course, Obama is not to blame for that situation, which he inherits, but it will be a pretty bad signal to see wind power decline significantly this year - and it would be an inexcusable one if that decline continues into 2010. The current stimulus plan does include measures to support the industry, but these seem oddly unambitious given the context of economic crisis and wind's proven ability to create jobs and economic activity, to provide cheap power and to eliminate both carbon emissions and fossil fuel imports.

Earlier diaries: Windpower series