World’s top wind turbine maker, Vestas, pleased with final U.S. tax law

22 Dec 2017   Wind

Denmark’s Vestas, the world’s top wind turbine maker, said on Thursday it was pleased the final U.S. tax bill retained production tax credits for wind energy projects after concerns over the bill had sliced almost a quarter off its share price. Earlier versions of the bill would have removed the credits, a move that the renewable energy industry said would threaten $50 billion in planned investment in wind energy projects in the United States. The $1.5 trillion tax bill, which won final approval from Congress on Wednesday, retains a previous plan to gradually phase out the production tax credits (PTCs) by the end of 2019. “We are pleased that the approved tax bill retains the PTC phase-out,” Vestas said, adding it expected the bill would “enable further growth of the wind energy industry.” The final U.S. tax bill retains the production and investment tax credits for […]

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