Fate of PTC affects global wind market, GWEC's Sawyer says

Global wind power capacity will rise to 493 gigawatts in 2016 from 238 GW in 2011, as growing markets in countries such as India and Brazil compensate for slow growth in the U.S., where installations are expected to slump because of the uncertainty over the future of the Production Tax Credit, according to a Global Wind Energy Council report. "The single greatest factor affecting the global market in 2012 will be the debate on the future of the U.S. Production Tax Credit," GWEC Secretary-General Steve Sawyer said in the report. "Stable policy is needed for the wind industry to begin to live up to its potential," the report added.

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