Wind Industry Faces Uphill Climb Without Tax Credit
By Keith Goldberg
Law360, New York (November 7, 2013, 6:23 PM EST) -- It's looking increasingly likely that the federal renewable energy production tax credit won't be renewed at year's end, and experts say that would deal a blow to the long-term prospects for a U.S. wind industry that's become viable thanks to the subsidy but isn't competitive enough with other types of energy yet to flourish without it.
Since it was first enacted in 1992, the PTC has expired five times, only to be brought back from the dead and temporarily extended. The latest resurrection came in January,...