Wind Power Expected to See Unprecedented Growth in 2014

Posted on April 23, 2014
The American wind energy industry started construction on an historic and unprecedented number of new wind farms this year. Key factors spurring growth include an extension of the Production Tax Credit (PTC) and a record number of Power Purchase Agreements with electric utilities. Among other things, the PTC provides up-front tax relief of 2.3 cents per kilowatt-hour for the first 10 years of a project. At the same time, investments in technological advancements have driven down the cost of... Read more