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Posts Tagged ‘wind’

By the numbers: Why the PTC should be extended

August 7th, 2012

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By: Jeremy Twitchell

The prospect of renewing the wind production tax credit is already stirring debate. Given the strong, bipartisan support for the credit’s extension, this debate is more of a reflection of how polarized our energy debate has become than the merits of the credit.

But beneath all of the back-and-forth, there are three simple numbers that create the narrative of a tax credit that has been singularly successful in its purpose, but must remain in place in order for wind power to reach equal footing.

123%. That’s how much wind’s share of the U.S. energy mix grew from 2008 to 2011. Wind now provides about 3% of our energy, and is second only to natural gas in terms of how fast it has grown in the last four years. The current production tax credit, which has been uninterrupted since 2005, has allowed wind to thrive in the U.S. Installations have grown in seven out of the eight years since, and costs have dropped to the point that analysts are forecasting all-time lows as soon as next year. Read the rest of this entry »

Now’s not the time to hide from cleantech’s challenges

December 2nd, 2011

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This piece was originally published by Grist.

In October, Third Way raised alarms that a decline in early stage venture capital investment in clean energy technologies threatened America’s ability to compete in the $2.3 trillion global clean energy market. Some in the clean energy community dismissed this warning, citing the massive growth of wind and solar capacity in the United States over the past 10 years. Others challenged the importance of early stage investments. They interpreted the decline in funding for new start-ups as a sign that investors were simply shifting their capital into cleantech companies that were nearing their initial public offerings.As long-time advocates of moving the United States to clean energy, we would be thrilled if either thesis was correct. Unfortunately, new analyses on the state of renewables in 2011 and venture investment show how far the United States has left to go. Read the rest of this entry »