Project Development, Wind Power

Analysis: Europe Enters U.S. Wind Market

Milan, Italy [UPI] Since the extension of the production tax credit [PTC], European wind companies have been keener on investing in the U.S. market. Several of the largest turbine producers are now selling to U.S. developers for projects, and opening offices and manufacturing plants in the United States. … The PTC provides a 1.5 cent per kilowatt hour credit, or 1.9 cents when inflation- adjusted, to energy facilities during the first 10 years of operation.