Wind: Top Source of New US Electricity Capacity for 2012
Good news for lovers of renewable energy. According to figures released last June, wind and natural-gas ran roughly neck and neck for the title of New Energy Leader 2012. Then, according to Financial Energy Regulatory Commission figures published by Business Insider wind pulled ahead at the end of the year, ultimately installing 10.7 MW of new energy to 8.7MW of natural gas:
American-based wind manufacturers remain undercapitalized — with the exception of towermaker Trinity Energy, which saw an explosive +60% 2H2012 — so it’s a bit difficult to trade on the trend. The big gust in new wind capacity was partially attributable accelerated installation ahead of the “wind cliff” manufacturers were facing — the government’s tax credit was set to expire. But it has been renewed for at least year, which could mean the trend will continue to sail along.
Huge thanks to all Green Americans who pushed Congress to extend the wind-energy Production Tax Credit (PTC). Because Congress only extended the credit for one year, we’ll need to push again at the end of 2013.