Near-Term Installation Boom in the US Wind Market Expected

Wind Industry Profile of

Installations of new wind energy projects will surge between 2018 and 2020 before annual installation volumes decline as production tax credit (PTC) phase-out begins

US wind developers are set to take advantage of the final stretch of the production tax credit (PTC), installing more than 30GW of new capacity over the next three years. Following this boom, annual wind installation volumes will begin to decline as the production tax credit (PTC) phase-out begins, though projects built in 2021 with access to the 80% PTC will remain cost-competitive with solar PV and gas capacity in several states. Drivers and barriers influencing wind capacity installations in the forecast period include carbon policies, interest from the commercial and industrial (C&I) sector and... ... More: Official Press Release MAKE

Keywords:

MAKE, forecast, USA, onshore, PTC, finish, wind market, installation, taxes, policy