According to a report published on October 17 by the American Wind Energy Association (AWEA), 2012 has been a record year for the development of wind power within the United States. The U.S. wind industry has surpassed 50,000 megawatts of electrical power generation capacity, with a total of 4,728 megawatts added this year alone and another 8,430 megawatts in active development throughout 29 states and Puerto Rico.
According to the AWEA, the PTC is responsible for generating more than $15 billion of private investment in U.S. wind farms every year – an incentive that is set to expire on December 31 of this year if it's not extended by Congress.
"Whether wind will continue to be a bright spot in the U.S. economy now depends on whether Congress acts to extend the Production Tax Credit by the end of the year," said Denise Bode, CEO of AWEA, in an official press release.
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