AWEA DATA SHOW STRONG GROWTH IN WIND POWER INDUSTRY
The U.S. wind energy industry installed more than 2,400 megawatts (MW) of new power generation in 2006, an investment of about $4 billion, making wind one of the largest sources of new power generation in the country, according to data released yesterday by the American Wind Energy Association (AWEA). The group’s annual rankings of wind energy development list the states that generate the most electricity from wind, the nation’s largest wind farms, leading suppliers of wind turbines, largest owners of wind projects, utilities that use the most wind power for their customers and other industry information such as congressional districts with most wind power installed. AWEA contends that a long-term extension of the renewable energy production tax credit (PTC) is crucial to sustain this growth, noting that previous short-term extensions have led to a boom-and-bust cycle in the wind industry.
Join Novogradac & Company LLP at the Financing Renewable Energy Conference May 2-3 in San Francisco to discuss current legislative proposals to extend energy tax credit programs.