BP's Tatics in Cape Vincent Ny

Thursday, December 26, 2013

Are top executives saying that Horse Creek and Cape Vincent wind are dead in the water?

 According to a story in the New York Times ,wind industry executives  are saying that developers are unlikely to start any projects without  the Production Tax Credit (P.T.C.) because without it they cannot compete with other energy sources.
The Times is also reporting that Kevin A. Lynch, managing director of external affairs at Iberdrola Renewables,  said: “In the near term, projects that do not have the P.T.C. attached to them are probably difficult to justify economically for buyers to purchase, and therefore for us to build.”
Are Lynch and the other executives referred to in this article saying that projects like Iberdrola's Horse Creek and BP's Cape Vincent Wind Farm doomed to extinction without the P.T.C?   

1 comment:

Anonymous said...

I don't think so, we'll have to wait and see.