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U.S. Wind Power Slumps in 2013 After Tax Credit Drives 2012 Boom

U.S. utilities agreed to buy 7.6 gigawatts of wind capacity this year through September, as construction in 2013 slowed to a trickle after a federal tax credit expired at the end of 2012, the American Wind Energy Association said.

About 70 megawatts of wind farms were connected to the grid in the third quarter, a 96 percent decline from a year earlier, according to a report today from the Washington-based trade group.