A stripped-down wind-energy proposal backed by Maryland’s governor and gaining support in its legislature may be the first step in creating a network of offshore turbines and sub-sea cables spanning the U.S. Atlantic coast.
Vestas Wind Systems A/S , Siemens AG and Suzlon Energy Ltd. may end up with underused U.S. factories as cheap natural gas and a lack of federal support reduce wind turbine deliveries this year by as much as 50 percent.
As U.S. lawmakers drafted a bill extending wind-energy tax credits in August, they revised a key clause that opens the door for a much bigger boost to the industry than just the one-year addition that was eventually passed.
Cape Wind Associates LLC, the developer seeking to build the first U.S. offshore wind farm, expects to resolve by year-end the last lawsuits delaying the project, clearing the way for construction to begin before a key tax credit expires this year.
U.S. utilities agreed to buy 7.6 gigawatts of wind capacity this year through September, as construction in 2013 slowed to a trickle after a federal tax credit expired at the end of 2012, the American Wind Energy Association said.