America’s wind industry built 5,115MW of wind power last year, barely half of 2009’s record pace, but entered 2011 with over 5,600MW currently under construction.
Buoyed by a one-year extension of the 1603 Investment Tax Credit for renewable energy in the final days of the 111th Congress, the industry entered the new year with over 5,600MW of electric power currently under construction, well above the same time a year earlier. Further projects are expected to start up in time to meet the new construction deadline for the tax credit, now set to expire at the end of 2011. The industry is likely to finish 2011 ahead of 2010 numbers. AWEA’s Fourth Quarter Market Report for 2010 is available at www.awea.org/la_pubs_reports.cfm.
Buoyed by a one-year extension of the 1603 Investment Tax Credit for renewable energy in the final days of the 111th Congress, the industry entered the new year with over 5,600MW of electric power currently under construction, well above the same time a year earlier. Further projects are expected to start up in time to meet the new construction deadline for the tax credit, now set to expire at the end of 2011. The industry is likely to finish 2011 ahead of 2010 numbers. AWEA’s Fourth Quarter Market Report for 2010 is available at www.awea.org/la_pubs_reports.cfm.