US wind boom might peak in 2020

Energy consultancy firm Wood Mackenzie assesses that the US wind turbine market will maintain speed – until next year.

Photo: LM Wind Power

The US wind turbine market is in the midst of an installation boom, as developers rush to complete their projects before the deadline to qualify for full PTC tax credit rebates. The scheme will begin to phase out from 2020.

Concerning installation activity, the US wind turbine market is projected to peak in 2020 with installations totaling 13.6 GW, which would surpass the hitherto record year 2012's combined capacity of 13.3 GW, says Wood Mackenzie Chief Analyst Dan Shreve during a wind conference in Houston, Texas, as reported by sector media Recharge News.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs