The US Wind Industry - Production Tax Credit Extension Fuels It Again - New Market Report
Production Tax Credit (PTC) is one of the most important renewable support policies in the US and it has transformed the country into one of the leading wind power countries. However, one of the issues associated with PTC in the US is that it has a short term approach. Since its inception in 1992, PTC has expired five times, including the expiration on December 31, 2012. Every expiry of PTC has been followed by a sharp decline in the annual...
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