Thursday, April 17, 2014

Blown Away

Are wind farm subsidies just a fad after all?
Experts at Capital Alpha Partners, one of a burgeoning group of research firms that provides political intelligence for investors, wrote last week that the appetite on Capitol Hill for continuing the wind energy production tax credit (PTC) is declining.

In a report obtained by the Washington Free Beacon, Capital Alpha writes that a combination of flagging political will and changing market environments could signal the decline, and possibly the end, of the two-decades-old tax credit for the wind industry.

"There comes a time when subsidies which are popular to start with become less popular as conditions change," the report says. "The wind PTC may be reaching that point-not just because some in Congress are losing patience with the so-called tax extenders, but also because fundamental market conditions are putting the traditional utility model under stress."
If you build it, they may not fund...

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