Blog Archives

US Ends Green Subsidies For Wind Farms

There are going to be a lot more abandoned wind turbines in the US, real soon, as the Senate votes to end 20 years of Green susbsidies for wind power.

In the US wind farms have been subsidised since 1992 by the Wind Production Tax Credit (PTC), which was usually extended for 1 – 2 year periods; in 2009 the American Recovery and Reinvestment Act extended subsidy for wind power until the end of 2012.

An extension of the PTC, the subsidy that allowed wind to be competitive with other forms of energy, has been left out of a payroll tax cut extension currently making its way through the US House of Representatives, without a change of policy wind subsidy ends in 2012.

The Americans have subsidised wind power for 20 years, and yes, you guessed right without Green taxation the US wind industry is dead, and now the extension which needed 60 votes in the Senate to pass has failed: Read the rest of this entry