Developers in the U.S. purchased sufficient equipment to qualify 6.6 GW of new wind power capacity in 2018 for 60% production tax credits (PTC) under the Internal Revenue Service’s (IRS) safe harbor provision law, found recent analysis carried out by Wood Mackenzie Power & Renewables. According to ‘Developers in the US Safe Harbor 6.6 GW of…
Looming supply chain crunch threatens U.S. wind energy boom
While the U.S. wind energy installation outlook looks bright – more than 23 GW in new capacity forecast over the next two years – looming unforeseen supply chain bottlenecks could lead to project cancellations and postponements, putting as much as $2.1 billion of revenue at risk, a new study by Wood Mackenzie Power and Renewables found. “Between…
Years of growth ahead for Eastern European onshore wind
Onshore wind energy in Eastern Europe, Russia, and the Caspian will experience a compound annual growth rate of 9% from 2018 to 2027, according to new research by Wood Mackenzie Power & Renewables. The latest Eastern Europe Onshore Wind Market Outlook 2018 reports 16 GW of new onshore wind capacity that will be added in the region…