U.S. Offshore Wind Investment Needs More Than A Short-Term Production Tax Credit Fix
3621 words —
Published May 16, 2012
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Renewable energy sources usually produce electricity more cheaply than do the conventional fuels that supply most markets. Investment in renewable energy is dependent on direct and indirect government support. Support programs have been successful in encouraging investment, but they involve a public cost, are subject to politics, and can have positive and negative effects on supply markets. Until recently, many countries considered the cost acceptable, but the recent financial crisis in Europe and record budget deficits in the U.S. have put such support under the public microscope. The outcome may not be favorable for achieving sustainable growth, a key characteristic of any successful industry. The U.S. wind power industry is dealing with the same issue and trying to get Congress
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RESEARCH Ratings Definitions PDF U.S. Offshore Wind Investment Needs More Than A Short-Term Production Tax Credit Fix Publication date: 16-May-2012 Primary Credit Analyst: Terry A Pratt, New York (1) 212-438-2080; email@example.com...
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.