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Energy Industry News

Obama pushes for PTC extension

Source: - February 15, 2015

UNITED STATES: Barack Obama renewed his push for the permanent extension of the $0.023/kWh production tax credit (PTC) and 30% investment tax credit (ITC) as part of a $4 billion 2016 budget package.

It is not the first time the US president has moved to make the tax credits permanent, but to date he has had little success convincing Congress to go along. Most recently, lawmakers managed only a one-year extension to the end of 2014.

Speaking about the extension, Rob Gramlich, senior vice-president of government and public affairs at the American Wind Energy Association, said: "In releasing its proposed budget today, the White House clearly understands the benefits of wind having a long-term, stable tax policy in place. This has been a consistent part of...

US installations soar in 2014

Source: - January 23, 2015

UNITED STATES: Installations in the US hit 4.7GW in 2014, a six-fold increase on the previous year, according to data from Bloomberg New Energy Finance (BNEF).

This meant the US secured second place in terms of installations, behind China with 20.7GW. The extension of the Production Tax Credit (PTC) subsidy in the US in January 2013 spurred developers to push forward with projects, causing a spike in installations.

It was also a bumper year for Germany and Brazil, which both broke their previous annual installation records...

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