The wisdom of investing in wind power

Washington Post

June 22, 2012

DBL was fea­tured in an arti­cle appear­ing in the Wash­ing­ton Post on June 22.

Charles Lane sug­gested that the United States should “fold” on incen­tives for clean, renew­able sources of energy such as wind. This would be short­sighted in the extreme.

Amer­i­can wind power built 35 per­cent of all new U.S. electric-​​generation capac­ity in recent years, an amount sec­ond only to that from nat­ural gas. Wind’s pri­mary fed­eral incen­tive, the pro­duc­tion tax credit (PTC), is the main dri­ver behind this growth and has helped stim­u­late as much as $20 bil­lion a year in pri­vate invest­ment in the U.S. econ­omy. Eco­nomic stud­ies have shown that, when this rev­enue is taken into account, the PTC results in a net gov­ern­ment benefit.

Read the full arti­cle at the Wash­ing­ton Post →