During 2013, the cost of energy from newly installed onshore wind turbines in the US will be as much as 39% below the previous record low point set in 2003. U.S.
In early June, Vestas CEO Ditlev Engel expressed fears that the US onshore wind turbine market would drop by 80% next year if the production tax credit is not renewed. The irony is that the PTC could provide greater benefit to the wind industry than was ever possible in the past.
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