Oklahoma cuts subsidies for wind

Wind development in the US state of Oklahoma has been so rapid that the governor will now remove lucrative state subsidies.

by SØREN SPRINGBORG

While the US is maintaining the PTC scheme at the federal level, one of the most wind-enthused states now plans to reduce its support for the installation of wind. The state of Oklahoma wants to shorten the period in which it is possible to obtain tax credits for wind projects. The period will be significantly reduced by almost four years. Instead of expiring on Jan. 1 2021, the program will now expire July 1 of this year.

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