Wind turbine installations soar as tax credit deadline looms

Wind turbine installations have been exceeding the construction of natural gas plants in recent months as developers rush to complete projects before the expiration of a tax credit for renewable energy. New wind capacity reached 6,519 megawatts by Nov. 30, beating the 6,335 megawatts of natural gas additions and more than double those of coal, according to data from Ventyx Inc., which is owned by the Swiss power transmission equipment maker ABB Ltd. “Wind will very likely beat gas, but it may be close,” said Amy Grace, who leads North American wind industry analysis for Bloomberg New Energy Finance in New York. “I think it’s very likely that we get over 8 gigawatts for 2012.”
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