U.S. Gives a Late Reprieve to Wind Power Developers



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The New York Times

Last week, global wind turbine manufacturers heaved a sigh of relief after the U.S. government extended a tax credit considered crucial to the industry.

But 2013 will still bring challenges to wind developers around the world. In the United States, long-term uncertainty about the tax credit — which was extended for only one year, after considerable political tension — will continue. Growth in China is expected to slow, a casualty of constraints on the electric grid. And Spain, an important market in Europe, has stalled.