Subsidies for wind energy on Vestas' most important market, the US, are being phased out, but this will not lead to a drop in activity, as predicted by several analysts, writes president of sales and services at Vestas Chris Brown in an article on media Greentechmedia.com.
Instead, Brown believes that phasing out tax credit subsidies may poise wind development for its next phase of growth, because the capital costs of subsidy-free projects are lower than under the current subsidy-scheme. Combined with more efficient turbines, subsidy-free wind will become increasingly competitive.
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