Review_USA:Buy American

SWE 2014 08

Review USA Buy American The US wind market is changing. Global players like Google are discovering their green heart and investing in the wind industry. The industry has achieved a lot of success creating its own value chain. Except for the political support which is as uncertain as ever, the US wind industry itself is not only in good economic shape, but so is its economic environment. Those are the findings of the latest industry report from Germany Trade & Invest (GTAI). The world’s largest national economy is humming. Gross domestic product is expected to grow by 3.8 % in 2015 with a very low inflation rate of 1.6 %. Over the last few years, the American wind sector has made great leaps forward and has left traditional wind energy countries like Germany far behind some time ago. According to the American Wind Industry Association (AWEA), installed capacity amounted to 61 GW at the end of 2013. In early 2014, another 12 GW was in the pipeline. By the end of this year, total installed capacity is therefore expected to be over 75 GW. The increase will be distributed among at least 20 states, according to AWEA. With this rapid growth, attitudes about this renewable energy are visibly changing. Climate protection is taking centre stage in the public interest with the industrial policy interests associated with wind energy playing a significant role. The growing interest in renewable energy can also be seen in the increasing number of consumers using power they themselves have generated, with their capacity likely to grow by an average of 8.3 % annually. The winds have changed in the US. It is not just pension funds and insurance companies that are jumping on the wind energy bandwagon, but increasingly also commodity industries. The Americans are making huge strides in building their own value chain. A variety of funding instruments Wind energy in the US is supported in numerous ways. To date, it has been mostly based on the production tax credit (PTC), which expired in late 2013. The last version of the PTC granted a tax credit of 2.3 US$-ct/kWh. There 16 Sun & Wind Energy 8+9/2014


SWE 2014 08
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