Debate Stalling Wind Power

Stalled energy bill would renew tax credit for wind farm investment

Published: 22-Mar-2004

Fueled by rising energy prices, the wind-power industry rushed to erect its spindly turbines across the nation's prairies and mountaintops in the last three years.

But the unprecedented growth spurt, which built more capacity than in the previous two decades combined, has come to a sudden halt.

Congressional gridlock over the federal energy bill is crippling the nation's wind business. Even with high prices for oil and gas, the economics of the wind industry still rely heavily on a federal tax credit that expired in December. Renewal of the credit hinges on the bill's passage.

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