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In a Reversal, Wind Power Industry Wants More U.S. Tax Credits

  • Wind lobby agreed to let production tax credits lapse in 2020
  • AWEA CEO Kiernan says import tariffs raised costs since then
Wind turbines stand during sunrise.

Wind turbines stand during sunrise.

Photographer: Bloomberg/Bloomberg

Less than a year after the U.S. wind industry swore off federal tax credits, its top lobbyist wants another go at the incentive that helped it become the cheapest source of new energy in much of the world.

The tax credits are now needed for the industry to maintain its cost advantage against competing sources such as solar and natural gas plants. That’s because President Donald Trump’s import tariffs on steel and other wind-farm components have raised costs by as much as 28%, said Tom Kiernan, chief executive officer of the Washington-based American Wind Energy Association.