Published by Triple Pundit. View original article.

Higher performance turbines, lower manufacturing costs and lower prices for consumers drove new U.S. wind energy construction to record heights in early 2014 — despite the U.S. Congress still debating whether or not to renew the federal renewable energy production tax credit (PTC), which expired Dec. 31. In many parts of the U.S., wind energy is now the cheapest form of electricity generation – cheaper than natural gas and even coal, NextEra chief financial office Moray P. Dewhurst recently stated on an earnings call. Continue reading “Wind Power Is Reducing Electricity Rates; Pays Back Tax Credit 17 Times Over”