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Future of S. Texas wind farms tied to tax credit

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Posted: Sep 30, 2012 11:18 AM

Updated: Sep 30, 2012 11:18 AM

CORPUS CHRISTI, Texas (AP) Developers of at least half a dozen wind farms in South Texas counties are waiting to see if energy tax credits set to expire at the end of the year will be renewed, allowing them to continue building their projects.

The Corpus Christi Caller-Times reports (http://bit.ly/SaZRbq) that three projects in Nueces, Kenedy and Kleberg counties would, if built, represent a 44 percent increase in the area's wind generation capacity, with at least 200 new turbines.

Russel Smith, director of the Texas Renewable Energy Industries Association, says he remains optimistic the tax credit will be renewed after elections in November.

Some lawmakers say the subsidies should continue, but for a shorter time or with a smaller tax credit, providing more flexibility in setting future federal budgets.

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Information from: Corpus Christi Caller-Times, http://www.caller.com

Topics: Wind Farms-Tax Credit

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