About the Post

Author Information

U.S. — Why it’s the end of the Line for Wind Power

Christopher Helman — Forbes.com — December 21, 2012

It’s the end of the world as we know it. That’s what the U.S. wind power industry is saying to itself these days. And they aren’t talking about some Mayan doomsday nonsense.

On Jan. 1 the federal production tax credit on wind investments expires. For the past 20 years the credit has offset about 30% of the cost of building wind turbines. Add to that the “renewable portfolio standards” for green energy mandated by 29 states, and as a result we’ve seen wind farms spring up across the country. Since 2007 nearly 40% of all the new electricity capacity built in this country has been wind. Wind now generates roughly 3.5% of U.S. electricity.

Don’t expect wind’s share to climb beyond that level any time soon. The end of the tax credit could very well mean the end of the wind industry.

 (To continue reading, click here)

Tags: , , , , , ,

One Comment on “U.S. — Why it’s the end of the Line for Wind Power”

  1. troonbop December 22, 2012 at 7:50 am #

    I suspect many feel the crush of proposed wind projects in Ontario is due to the viability of the wind power idea. Rather, it’s crony capitalists hoping frantically to cash in before the idiot liberals are gone from power, or the whole scam collapses. How sad and embarrassing that Ontario lags so far behind the accepted knowledge around the world, and even worse, we’re still paying for it.
    Then there’s the dim bulbs who support these projects as the wave of the future, little realizing they are stuck in the past and ignorant of the facts.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: