US onshore wind hits post-PTC slump
Second-quarter onshore wind installations fell 78pc year-on-year amid uncertainty around the extension of tax credits and rising costs
US onshore wind installations fell by 78pc year-on-year in the second quarter as growth stalled across the country’s renewables sector amid policy and market headwinds, according to energy developer body the American Clean Power Association (ACPA). Only five new onshore projects, with a combined capacity of 620MW, were installed. Installations across the whole renewables sector were down 55pc. This slump follows a record year for installation in 2020—the year the production tax credit (PTC) was originally scheduled to expire—and the third-best year for onshore wind additions in 2021—when the PTC was extended due to Covid disruption. “The industry is now fairly used to these very, very short-
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