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
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