PTC renewal to prevent massive wind power slump, exec says

01/31/2013 | Bloomberg Businessweek

The continuation of the wind-energy Production Tax Credit will help arrest a possible slide in wind turbine orders through 2014, said Vic Abate, vice president for renewables at GE Energy. The number of wind turbine installations may return to about 5,000 to 6,000 megawatts annually through 2014, the level before developers rushed projects at the end of 2012 due to fears Congress would kill the PTC, Abate said. "You could see that kind of average holding, with '13 being a little under the average and '14 being a little over," Abate said.

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