AUSTIN, Texas — Energy storage, demand response and solar have a place alongside wind in the Texas market, speakers at Infocast’s ERCOT Market Summit said last week.
PTC Reductions will Challenge Wind
Susan Williams Sloan, the American Wind Energy Association’s vice president for state policy, said the extension of the wind production tax credit provides “five years of certainty. It’s what we have been looking for to compete in this industry, which requires so much capital.”
Matthew Burt, senior vice president for Renewable Energy Systems, said the gradual reduction of the PTC will be a challenge to the wind industry. Over “the next few years … we have to get the prices down,” he said. “The wind itself is free, but the equipment is very expensive.”
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