Wind Installations Could Drop Despite Gains, DOE Says

Law360, New York (August 14, 2012, 9:59 PM EDT) -- New wind energy installations could plummet over the next two years, despite improvements in wind power technology and reductions in turbine costs, according to a report the U.S. Department of Energy released Tuesday.

A combination of expiring federal incentives, competition from foreign manufacturers and low natural gas prices could push new capacity installations well below a five-year low in 2013 and 2014, the DOE found in its annual wind markets report.

The agency’s findings support a broad effort by the Obama administration, congressional Democrats and a...
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