First Wind's bet pays off with PTC extension

01/15/2013 | North American Windpower online

First Wind's gamble to continue several of its projects despite the uncertainty over the wind-energy Production Tax Credit paid off when Congress rescued the PTC in a last-minute deal earlier this month. "By continuing to develop projects -- when others stopped -- we are well positioned to grow," said Matt Kearns, First Wind's vice president of development. The company hopes to break ground on 500 megawatts of capacity this year and intends to expand its capacity by 50% in the future.

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