With the US wind market contracting, and the uncertainties in terms of PTC extension, it's forced wind developers that have primarily been focused on the US during the last five years to start looking at the Latin American markets to hedge their bets and take advantage of higher pricing," Dino Barajas, a partner at law firm Akin Gump Strauss Hauer & Feld, told BNamericas.
Last week marked the fourth time in 2012 that the Senate has voted not to extend the PTC.
The possibility of the PTC drying up could divert a torrent of investment into neighboring Latin America, which is just starting to harness its own wind potentia.
Source
Power Engineering~ US Wind Generators Looking South as PTC expiration looms
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