North American Wind Industry Gets Long-Term Policy Certainty
“Business likes certainty” is a basic dictum from Business Strategy 101. In the renewable energy sector, certainty has been hard to come by. Shifts in government policy have made the sector a case study in how such uncertainty can wreak havoc on even the most developed of renewable energy business plans. Now, a new study by MAKE Consulting, reported by CleanTechnica, finds that the extension of the wind Production Tax Credit approved by Congress last year, combined with increased low-carbon energy directives in key Canadian provinces, give the North American wind industry an “unprecedented” level of long-term policy certainty. The result? A projected growth of 74.5 gigawatts of wind power growth over the next 10 years.
John Howell, Editorial Director
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