In this white paper, ICF International experts provide an assessment of challenges and opportunities for wind projects. ICF believes that despite challenges such as scheduled expiration of the Production Tax Credit (PTC), limited transmission capability in premium resource areas and increasing competition from solar generation, wind generation will continue to grow its market share in the next decade due to regulatory dynamics incenting renewables (CPP and expanded RPS) and technological improvements.
ICF believes a combination of policy and technology related factors likely will encourage further new development. Forthcoming contract and hedge expirations for existing facilities will drive increasing merger and acquisition (M&A) activity. Wind could have a substantial new opportunity under the recently finalized Clean Power Plan (CPP) emission rate implementation option whereby renewable energy need not be delivered locally to be credited as reduction in a state’s average CO2 emission rate. Among the rush of projects timed to take advantage of the recent federal production tax credit (PTC) extensions, those that can access premium pricing areas (via smart transmission due diligence) are clearly more likely to succeed than others.
Download your copy of this white paper to learn more.