generation limits and other
problems with the grid. He
said GWEC is watching the
battle between renewable
energy and ESCOM in South
Africa and hopes that will
come to a resolution soon.
Further, GWEC is hoping
for a FIT change in Vietnam
and for the macro-economic
change in Argentina to slowly
start to reform.
As for a global carbon
price, Sawyer is not holding
his breath but said if some-
thing like that were to arise
as a result of the Paris Agree-
ment it would come from the
bottom up and not be a top
down approach. He doesn’t
expect to see anything like
that before 2020.
Policy in the U.S. market is expected to remain the same in
2017 but the new administration could make changes in the
years ahead. As Lantz pointed out, it’s ‘wait and see’ at this time.
PwC’s Carey noted one interesting development related to tax
credits in the U.S. market. With the 5-year extension of the PTC
last year, owners of existing wind farms that are nearing the end
of their 10-year life are considering re-powering.
“There are a fair number of wind farms coming out of their
10-year PTC period and given that it’s going to drop, there is
quite a bit of a mad rush to at least get some level of investment
in repowering,” he explained.
Carey said that owners of older wind farms can use their
existing interconnection and foundations and drop in a new turbine and, if they pass the litmus test for new investment, they
will re-qualify for the 10-year PTC.
Overall, wind energy should move forward in 2017 as it has in
the past few years. It’s looking out beyond 2018 that is a bit worrying for some analysts.
“There is a lot more uncertainly around as a result of the
events of November 8 and the knock on effects,” said Sawyer. à
The Adwen AD 8-180 gearbox
is the largest WTG gearbox ever
built according to the company.
Credit: Adwen and Winergy.