DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mbjqpl/expiration_of) has announced the addition of GlobalData's new report "Expiration of Production Tax Credit will Impact the Wind Industry in the US" to their offering.
“Expiration of Production Tax Credit will Impact the Wind Industry in the US”
Over the past couple of years, the US has passed many federal incentives to promote renewable energy. Among the various incentives available, Production Tax Credit (PTC) is the one that attracts huge investors and gives them the confidence to invest in the US wind industry. PTC is one of the important incentives which have been a growth engine for the wind industry. Since the PTC decree was passed in 1992, the wind energy sector in the US has grown from 1,680 Megawatts (MW) of installed capacity to around 55 GW of estimated installed capacity in 2012. In the last five years about 75,000 jobs have been created in the sector with an average annual investment of around $15 billion.
PTC is due to expire by December 31, 2012, which is a point of concern in the country. With the expiration of the policy it is expected that wind installations in 2013 will drop by more than 80%. Many wind turbine manufacturing companies are planning to shut down their plants and have already laid off workers in the country due to the expected expiration of the policy.
- The report provides detailing on the issues faced by American wind industry on the expiration of Production Tax Credit (PTC). Presently the US wind industry is in dilemma whether the PTC would be extended or not.
- So the report explained the impact on the US wind industry on the expiration of PTC and it covers all the key trends and impact on major stakeholders in the US wind industry.
Reasons to buy
- The report provides insight about the impact on the US wind industry due to the expiration of Production Tax Credit (PTC).
- The report is useful to the entities engaged in wind energy sector like wind farm owners, developers, turbine manufacturers etc in the country.
For more information visit http://www.researchandmarkets.com/research/mbjqpl/expiration_of