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hold back because of the PTC mess. The PTC is the tax credit that supports wind projects in the USA. It's only renewaed for a year or two each time, which ensures that their is a certain market in the US for only 2 years at most. And PTC renewal was a mess in the recent past, and was delayed in several instances, resulting in years with almost no construction of wind farms in the US in 2000, 2002 and 2004:

That really hurt the turbine manufacturers in the past - first by keeping some brand new factories idle after they invested to cover expected demand, and then by making them rush the next year to cover extra orders, and having supply and quality problems. Both things made them lose money, and the industry was really, really hurt in 2004-05.

So turbine manufacturers will underinvest as long as the PTC is not renewed for longer than a couple of years, which doesn't look like it's happening this time round, again.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Dec 3rd, 2007 at 05:04:45 AM EST
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