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The U.S. wind market will add 14.6GW of capacity in 2020, according to Wood Mackenzie’s latest North America wind  power  outlook.  The record-setting mark underlines the strength of the 23GW pipeline Wood Mackenzie has identified as currently under construction or contracted for commercial operation in 2020.
The  phase out  of the Production Tax Credit (PTC)  beginning in 2021 has developers rushing to complete projects in  2020, driving major bottlenecks  in both  logistics and  interconnection queues. As a result, project delays  are mounting, negatively impacting the amount  and timing  of wind capacity installations. Wood Mackenzie’s  forecast assumes 6.6  GW  of  projects scheduled for 2020  will not reach completion by the end of this year but will connect to the grid in 2021.  The  report  estimates  that roughly 1.5  GW of additional capacity  will be cancelled outright – typically ahead of project construction – with any attached  offtakers  likely choosing solar PV resources for subsequent PPAs to replace the lost generation. Solar PV, which benefits from the 30% solar Investment Tax Credit (ITC),  is beginning to compete more effectively with onshore wind on cost. Wood Mackenzie forecasts the U.S. to add 12.3 GW of wind power in 2021, before  bottoming out at  5.9 GW in 2024.
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