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Wind Power Developers Race Clock to Secure Subsidy

2013-12-26 02:09:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: As the rest of the world prepares to toast the new year, the wind industry is hard at work on its own year-end tradition, rushing to make sure projects qualify for an important subsidy before it is set to vanish at the stroke of midnight on Tuesday. Developers are signing deals, ordering equipment and lurching ahead with construction starts to qualify for a tax credit that is worth 2.3 cents a kilowatt-hour for the first 10 years of production. This month, giant turbine-makers like Vestas and Siemens...

Tags: power secure race wind

Category:Electronics and Electrical

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