“In 24 hours the heavily subsidized wind industry has gone from the verge of collapse to a modern-day Gold Rush. H.R. 8 seems to create a perverse incentive to rush production of additional facilities even when there may not be adequate demand for wind, biomass, or geothermal energy,” Issa told The Hill in a statement.
“The House and the Senate agreed Tuesday to extend a 2.2 cent per kilowatt-hour credit for wind power production through this year as part of the “fiscal cliff” deal. It also changed the incentive to let wind projects earn the credit if under construction — rather than in service — by the end of the year.” [The Hill]