This is why the Vestas share price is tumbling

The US House of Representatives has drafted a tax reform which would retroactively change the conditions for wind development and lower the value of the US tax credit by USD 12.3 billion. However, the draft must first make its way through a wind-friendly Senate.

Photo: Vestas

The wind market in the US has historically seemed to fit the description of a 'boom and bust' market.

Similar to other countries, development has been highly dependent on the country's subsidy policy. But due to the political situation in the US, the stance on subsidies has fluctuated more dramatically than in other nations. One example is when the former PTC scheme, which is a tax credit for the production of energy including wind power, expired in 2012 with no replacement:

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