Wind

Only one U.S. wind farm brought online in third quarter

Only one wind power project came online in the U .S. during the third quarter of 2013, according to a report from SNL Financial.

The 42.7-MW Ocotillo Wind Energy Facility in Imperial County, Calif. was the sole wind power project to open in the U.S. during the third quarter, SNL reported. So far, 432 MW of wind capacity was been built in 2013 after 12,620 MW of wind power capacity was brought online in December 2012 as companies rushed to complete projects before the scheduled end of the federal Production Tax Credit.

Eight planned projects totaling 1,527 MW were announced during the third quarter, bringing the total of wind capacity in development in the U.S. to 116,265 MW, according to the report. Only 7,562, or about 7 percent of that, is in advanced development or construction, with the remainder in early stages of development or postponed.

The extension of the production tax credit requires only that projects that are under continuous construction by the end of 2013 to qualify for the credit. According to SNL, the Internal Revenue Service has clarified that projects brought online by the end of 2015 will be deemed to have met the requirements, while those that take longer will be subject to scrutiny.

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