U.S. wind power enjoys a rebirth as solar's obstacles mount

Nichola Groom for Reuters:  A year after Congress extended generous tax credits for renewable energy projects, the U.S. wind industry is thriving.

Solar power companies, meanwhile, are hunkering down for a rough 2017.

The tax credit renewal has boosted the long-term outlooks for both industries. But in the short term, the subsidies are far more attractive for wind power, which has spurred utilities to launch wind projects while they scale back or delay solar installations.

Advances in wind turbine technology are also opening up new locations for development and driving a wave of spending to upgrade existing projects.

In the last few weeks, power companies with large renewable holdings - including Southern Co, NextEra Energy Inc and Xcel Energy Inc - have announced plans to invest billions of dollars in wind.

"We're making a pivot now away from solar," Southern Chief Executive Tom Fanning told a meeting with Wall Street analysts in October.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

OMG Roofing Products  - PowerGrip Universal

OMG Roofing Products - PowerGrip Universal

Eliminate Solar Rack Ballast and Reduce Rooftop Material Handling. PowerGrip™ Universal (PGU) is a commercial roof mount system designed to secure solar racks and other equipment to any type of commercial roofing system. PGU provides a secure connection directly to the roof deck or structural members and is designed to reduce or eliminate ballast in solar racking systems, so there's less weight on the roof and less material handling. Made of heavy-duty cast aluminum, PGU units include a base ring which is secured through the roofing cover and into the structural roof deck, and a waterproof top plate.