The Production Tax Credit (PTC) for wind power failed to get support in the U.S. Senate yesterday, an ominous sign for a subsidy that the American Wind Energy Association says is critical to saving 37,000 jobs. We’ve seen what subsidy rollbacks have done to solar over the past 18 months. While I don’t think the impact would be as drastic for wind power, which is historically more cost competitive with fossil fuels to begin with, it’s still going to make it harder for wind power to grow in the U.S. Wind power is the leading source of renewable energy right now, though that could shift somewhat if the subsidy environment changes.
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