October 10, 2016

CRCMS Weighs In with the Wall Street Journal on U.S. Tax Credits Powering Wind-Farm Upgrades

According to the Wall Street Journal, “Wind-power producers are rushing to take advantage of a green energy tax credit extended by Congress—and, in a new twist, many are using it to renovate existing wind farms, not just build new ones.”

Nick Knapp, Managing Director at CRCMS, states that, “Renovating an existing wind farm is also often simpler than building a new one—they are already connected to transmission lines and have zoning approvals—so the projects often make better financial sense than starting from scratch.”

Click here to read further about the expanded use of these tax credits and how CRCMS is helping to shape investment around wind energy in the U.S. market.

Photo credit: vaxomatic