NewEnergyNews: Booming U.S. Wind Faces Tax Credit Horizon

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

While the OFFICE of President remains in highest regard at NewEnergyNews, the administration's position on the climate crisis makes it impossible to regard THIS president with respect. Therefore, until November 2020, the NewEnergyNews theme song:

YESTERDAY

  • Weekend Video: Greta: Face It – This Won’t Be Easy
  • Weekend Video: This Is The Climate Crisis
  • Weekend Video: Building A System
  • THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-The Hottest Decade In Known History
  • FRIDAY WORLD HEADLINE-The Power Of India Goes Green
  • /

    THE DAY BEFORE THE DAY BEFORE

  • TTTA Wednesday-ORIGINAL REPORTING: Community Solar Offers An Even Better Deal
  • TTTA Wednesday-Historic New Energy Acceleration Coming
  • THE DAY BEFORE THAT

  • MONDAY’S STUDY: U.S. Emissions Dropped 2.1% in 2019
  • THE LAST DAY UP HERE

  • Weekend Video: Documented: A Whole Continent’s Climate Has Changed
  • Weekend Video: World’s Biggest Money Fund Calls Out Climate Crisis
  • Weekend Video: Welcome To The “Solar-Plus” Decade
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • MONDAY’S STUDY: The Climate Crisis Detailed

    Thursday, September 12, 2019

    Booming U.S. Wind Faces Tax Credit Horizon

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

    September 12, 2019 (Wood Mackenzie Power and Renewables)

    “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…[D]eals with virtually every offtaker type have increased dramatically in the last six to 12 months…

    Wood Mackenzie’s forecast assumes 6.6 GW of projects scheduled for 2020 will not reach completion by the end of this year but will connect to the grid in 2021…[R]oughly 1.5 GW of additional capacity will be cancelled outright – typically ahead of project construction – with any attached offtakers likely choosing solar PV resources for subsequent PPAs to replace the lost generation…Solar PV, which benefits from the 30% solar Investment Tax Credit (ITC), is beginning to compete more effectively with onshore wind on cost…[W]ind will remain competitive in key states through 2021, [but] the negative cost impact associated with the PTC declining to 60% and then 40% of its original value will outpace cost of electricity reductions in 2022 and 2023…Wood Mackenzie forecasts the U.S. to add 12.3 GW of wind power in 2021, before bottoming out at 5.9 GW in 2024.” click here for more

    0 Comments:

    Post a Comment

    << Home