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Posted Sat Mar 29 2014: from Fuel Fix:
New US wind power installations plummet
U.S. investors in wind-generated power nearly abandoned the business last year as Congress let lucrative tax credits for wind projects tumble away, according to a new report. New installations of U.S. wind projects fell 93 percent in 2013, measured by power generation capacity. New wind power installations had climbed to a record 13,100 megawatts the year before, Navigant Research reported. One megawatt is enough to power 500 Texas homes in normal weather. Financiers yanked much of their backing last year after legislative deadlines passed and it was too late for the $2 billion tax credit to bolster investments in wind installations.
[Read more stories about: climate impacts, renewable energy, stupid humans, governmental idiocy]
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