AWEA’s numbers show that they don’t need the PTC

Numbers don’t lie and AWEA’s numbers could actually be the death of the taxpayer handout, aka the Wind Production Tax Credit. If the cost of wind energy has truly declined by 58%, then why do they continue to require our handout?!? Wake up Washington and quit supporting this scam. They do not reduce our dependence on foreign countries, because we do not produce our electricity from foreign oil. We DO, however, need foreign companies to support the wind industry, as the vast majority are headquartered oversees and actually manufactured oversees. Where is most of the Neodymium mined? Asia, leaving toxic chemical lakes….

…To avoid a cliff for the industry, the American Wind Energy Association (AWEA) and industry advocates continue to push for an extension of the PTC, which has helped bring nearly 66,000 MW of homegrown, clean energy to America and spurred major wind technology development and cost reductions….

The cost of wind energy has declined 58 percent in the last five years, and that trend is expected to continue

“This is a pivotal time for the industry,” said Michael Goggin, AWEA Senior Director of Research, who will be moderating a session at the WINDPOWER 2015 Conference & Exhibition on wind energy market forecasts. “Long-term, the outlook is brighter than it’s ever been, with the cost of wind energy continuing to fall and the E.P.A.’s Clean Power Plan in the works. But nearer-term, there are still policy uncertainties that complicate the industry landscape, not to mention the market dynamics that are always evolving.”…

How much wind energy does the future hold? It depends. – Into the Wind.