U.S. Wind to Peak in 2020

Image: PixabayImage: Pixabay
The phase out of the Production Tax Credit (PTC) beginning in 2021 has developers rushing to complete projects in 2020, driving major bottlenecks in both logistics and interconnection queues.

Official Press Release Wood Mackenzie:

US Wind to Peak in 2020 with 14.6 GW as Production Tax Credit Expires

Wind Industry Profile of
US Wind to Peak in 2020 with 14.6 GW as Production Tax Credit Expires

The U.S. wind market will add 14.6 gigawatts (GW) of capacity in 2020, according to Wood Mackenzie’s latest North America wind power outlook. The record-setting mark underlines the strength of the 23GW pipeline Wood Mackenzie has identified as currently under construction or contracted for commercial operation in 2020.

The phase out of the Production Tax Credit (PTC) beginning in 2021 has developers rushing to complete projects in 2020, driving major bottlenecks in both logistics and interconnection queues. As a result, project delays are mounting, negatively impacting the amount and timing of wind capacity installations. Anthony Logan, the lead author of the report, said: “Although the PTC phase-out schedule has... ... More: Official Press Release Wood Mackenzie

USA, Wood Mackenzie, bottleneck, peak, 2020, PTC, expires, phase-out, solar, PPA

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