North American construction market prediction
LAS VEGAS - Today wind project development in the U.S. is at an all-time high. The production tax credit (PTC) language was changed at the close of 2012 to allow projects to take advantage of the PTC as long as they began construction before the end of 2013 and finished it by 2015. As a result of that new language, developers are rushing to get all that wind in the ground. AWEA predicts that 2014 and 2015 will be great years for annual installed wind capacity in the U.S. But what happens next really is the big question.
Many wind experts are predicting (and hoping) that the U.S. Congress will extend the PTC once again before the close of 2014, paving the way for additional wind development to take place in 2015. In addition as Jesse Broehl, senior researcher at Navigant Research, pointed out in an interview during AWEA Windpower 2014, if a new PTC contained the same “start construction” language that was the key component of the last PTC, which he said it probably would, “that would roll over development into 2016 and 2017. So from here, you could actually have visibility on a four-year market with a PTC in effect, ” he said.
We wanted to know what other wind experts think will happen to the wind market in North America after 2015 so we asked them during Windpower 2014. Play the video to hear what they had to say.
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