PTC is go

Last night, the US Congress voted to extend the Wind Energy Production Tax Credit (PTC) to the end of 2005. This should allow approximately US $2B of projects to go ahead.

This should help stabilize the whole wind industry in North America. It means that manufacturers don’t have to deal with such a boom and bust market. Pity it was all buried in such a shamelessly vote-winning tax cut package, though.

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