Via Earth2Tech:
An [American Wind Energy Association] spokeswoman tells Earth2Tech that while Germany still has more installed capacity than the U.S., an estimated 22,000 megawatts to our 17,000 megawatts as of 2007, the U.S. is windier and is producing more actual power. Add to this estimates that the U.S. will add another 6,000 megawatts of capacity this year to Germany’s 1,600, and the U.S. should be able to solidify its spot as the global wind leader by the end of 2008.
But all of that explosive growth could come to a screeching halt if Congress doesn’t provide the industry with some regulatory certainty. And this means extending the tax credits far longer than one year, which was the length of the proposal voted down [this week]. With Congress heading into a long August recess on Friday, it doesn’t look like we’ll see a definite extension any time soon.
Tags: renewable tax credit, tax, wind
