Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Decarbonisation
  • Electrification
  • Renewables
  • Gas & LNG
  • Finance
  • Trading & Markets
  • Strategies & Trends
Search
Related Articles
Orsted optimistic despite rocky Q2
Net loss on Gazprom contract has eaten into the Danish company’s quarterly profits, but it still expects an increase in full-year earnings amid renewables success
Vestas expects US order boost from climate act
Danish wind turbine maker welcomes Inflation Reduction Act but reports second-quarter loss as inflation and supply chain issues continue to weigh on performance
US bill on climate passes Senate
The Inflation Reduction Act contains a series of measures to stimulate the low-carbon economy in the US
US act would expand credits for transition technologies
Bill would provide support to companies involved in the manufacture of wind turbine components, solar panels and EV batteries
Egypt’s renewables drive shifts focus
Green hydrogen and distributed solar grab investor attention as country prepares for Cop27 climate talks in November
Siemens Gamesa’s losses deepen on rising costs
Turbine prices must rise to reflect manufacturers’ costs or risk impact on transition, says CEO
New US bill to unleash rapid clean energy deployment
The Inflation Reduction Act of 2022 includes long-term tax credits for clean hydrogen and carbon capture
US onshore wind hits post-PTC slump
Second-quarter onshore wind installations fell 78pc year-on-year amid uncertainty around the extension of tax credits and rising costs
US explores offshore wind in Gulf of Mexico
The government has opened a public consultation on over 730,000 acres proposed for wind energy development offshore Texas and Louisiana
Irena calls time on role of gas in Europe’s transition
Deteriorating economics undermine case for gas-fired power plants as a back-up for renewables, agency says
The production tax credit for new onshore wind projects expired at the beginning of this year
US Wind GE
Polly Martin
29 July 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

US onshore wind hits post-PTC slump

Second-quarter onshore wind installations fell 78pc year-on-year amid uncertainty around the extension of tax credits and rising costs

US onshore wind installations fell by 78pc year-on-year in the second quarter as growth stalled across the country’s renewables sector amid policy and market headwinds, according to energy developer body the American Clean Power Association (ACPA). Only five new onshore projects, with a combined capacity of 620MW, were installed. Installations across the whole renewables sector were down 55pc. This slump follows a record year for installation in 2020—the year the production tax credit (PTC) was originally scheduled to expire—and the third-best year for onshore wind additions in 2021—when the PTC was extended due to Covid disruption. “The industry is now fairly used to these very, very short-

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
RWE raises 2022 renewables spend by 30pc
12 August 2022
German utility targets €5bn investment in renewables but confirms temporary restart of lignite power plants to support winter supply
Orsted optimistic despite rocky Q2
11 August 2022
Net loss on Gazprom contract has eaten into the Danish company’s quarterly profits, but it still expects an increase in full-year earnings amid renewables success
Ipieca launches industry principles
11 August 2022
Global oil and gas association’s eight principles are grouped around four strategic pillars of climate, nature, people and sustainability
Burning developed fossil fuel reserves will exceed 1.5°C carbon budget
10 August 2022
Significant proportion of CO₂ from oil, gas and coal assets either producing or under construction must be left unburned, study says

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Transition Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2022 The Petroleum Economist Ltd
Cookie Settings
;

Search