Bloomberg News

Wind Turbine Work Carries on as Tax Credit Nears End

March 30, 2012

Photograph by Ty Wright/Bloomberg

Photograph by Ty Wright/Bloomberg

Sam Courtney, installation supervisor for Wind Turbines of Ohio LLC, unbolts the tail section of a wind turbine tower taken down for repairs yesterday at the KMC Sportsman Lodge in Gurnsey County, Ohio.

Wind farm developers installed 6,810 megawatts of turbines in the U.S. last year, 31 percent more than in 2010, as they rushed to qualify for a expiring U.S. tax grants. That's enough to power more than 5 million homes.

The biggest tax credit for wind power is due to end Dec. 31. If it's allowed to lapse, installations of turbines in the U.S. may fall as much as 95 percent to 500 megawatts in 2013 from this year, according to estimates by Bloomberg New Energy Finance.

Visit www.bloomberg.com/sustainability for the latest from Bloomberg News about energy, natural resources and global business.


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