Wind developers are pushing to complete projects before the Production Tax Credit (PTC) is set to expire at the end of 2012, according to the U.S. Energy Information Administration (EIA).
Under the current law, projects that begin operating before the end of the year are eligible to receive a 2.2-cent credit for each kilowatt-hour of generation over a 10-year period.
According to the EIA, more than 12,000 MW of wind generating capacity are planned for completion in 2012, or 45 percent of total capacity additions. As of Nov. 30, about 6,000 MW were completed, up from about 5,000 MW completed in the third quarter of 2012.
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