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EIA: Threat of Losing Tax Credit Drives Wind Installations

Dec 20, 2012
Source: 
(The Hill)

Developers are rushing to get wind turbines online before a wind power incentive expires, according to the U.S. Energy Information Administration (EIA).

EIA observed that developers planned more installations to take advantage of the credit as the year progressed. As of Nov. 30, EIA noted about half of the new planned wind power capacity this year has yet to come into service, but should be operational by Dec. 31 when the credit is scheduled to end.

“If all planned wind generators for 2012 come on line, as reported by industry participants, wind capacity additions could top 12,000 MW (megawatts) for this year. This would account for 45 percent of total additions and exceed capacity additions from any other fuel source, including natural gas, which was the leading fuel source for electric generating capacity additions in 2010 and 2011,”EIA said.