U.S. wind-power installations soared in Q3

Newly installed U.S. wind capacity reached 1,832.7 megawatts in the third quarter, taking the nation’s total wind capacity to 51,630 MW, according to the American Wind Energy Association.

The U.S. installed 40% more wind power in the first nine months of 2012 compared to the same period in 2011, partly because developers are racing to complete their projects in time to qualify for the wind-energy Production Tax Credit, which is due to expire on Dec. 31.

“This is what a successful policy looks like when it’s working, but whether wind will continue to be a bright spot in the U.S. economy now depends on whether Congress acts to extend the production tax credit by the end of the year,” AWEA CEO Denise Bode said in a statement.

Read more at http://www.awea.org/newsroom/pressreleases/3q2012release.cfm