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Shale Gas Boom Leaves Wind Companies Seeking More Subsidy

2014-04-07 21:06:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Wind power in the U.S. is on a respirator. The $14 billion industry, the worlds second-largest buyer of wind turbines, is reeling from a double blow -- cheap natural gas unleashed by the hydraulic fracturing revolution and the death last year of federal subsidies that made wind the most competitive of all renewable energy sources in the U.S. Without restoration of subsidies, worth $23 per megawatt hour to turbine owners, the industry may not recover, and the U.S. may lose ground in its race...

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Category:Electronics and Electrical

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