Wind farm projects languish without federal tax incentive

WASHINGTON, DC, August 13, 2004 (ENS): Wind projects totaling more than 2,000 megawatts (MW) in capacity - enough to power more than half a million American homes - are awaiting the expected renewal of a major federal tax incentive, the American Wind Energy Association (AWEA) said Tuesday in its quarterly U.S. market outlook.

New projects in the pipeline amount to more than $2 billion in business, said AWEA executive director Randall Swisher, and they are ready to provide millions of dollars of tax revenues and hundreds of skilled jobs to rural counties around the nation, once Congress renews the wind energy production tax credit.

Wind farms ready for construction in California, Arizona, Wisconsin, Kansas, Iowa, Maine, and New York are on hold.

The wind industry installed a near-record 1,687 megawatts in 2003, but most new wind energy projects are on hold this year because of the uncertainty created by Congress' delay in renewing the tax incentive, AWEA said.

The industry has installed less than 30 MW of new capacity so far this year, and the trade group said it does not expect more than 350 MW total in new projects by the end of the year.

Copyright Environment News Service (ENS) 2004. All Rights Reserved.
http://www.ens-newswire.com/ens/aug2004/2004-08-13-09.asp#anchor8


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