The US onshore wind turbine repowering market will rebound this yr as profitable long-term federal tax credit present a powerful financial incentive for homeowners to improve sure older property.
Vitality consulting agency Wooden Mackenzie forecasts 1GW of exercise in 2024 and a pair of.8GW subsequent yr, 4 occasions as a lot as 2023. Exercise will then common 1.3GW yearly by way of 2029.
“We are able to maximise current land, permits, interconnection capability, and operations to offer enhanced worth to prospects and shareholders,” John Ketchum, CEO of NextEra Vitality, the nation’s largest wind capability proprietor, stated on a latest earnings name.
