Infocast’s highly acclaimed 5th North American Offshore Wind Development & Finance Summit 2012 returns to the Almas Temple Club in Washington D.C. from January 23-26, 2012.
This well-timed annual Summit takes place as the wind industry seeks to take advantage of the massive energy opportunity that offshore wind represents and to overcome major hurdles in 2012, including the expiration of the federal Production Tax Credit (PTC) at the end of 2012. However, the industry and multiple coalition partners continue to work to extend and revise tax incentives for renewable energy to help boost development, increase economic development and create jobs.
Until the tax credits expire, the wind installation numbers will remain high through the end of 2012. “We expect that the fourth quarter of 2011 will be the largest quarter of the year, with total installations reaching between 6,500 to 7,500 for the entire year,” said Elizabeth Salerno, Director of Data and Analysis and Chief Economist for American Wind Energy Association . This accelerated pace is driven by the impending expiration of PTC. The industry is pushing for a four-year extension of the PTC, which it argues will exceed to higher numbers of wind installations.
The 5th North American Offshore Wind Development & Finance Summit 2012 has established itself as the premier business gathering place for leading policy makers, regulators, senior executives and supply chain members. The impressive line-up of key industry players will include Long Island Power Authority, Pepco Holdings, Capewind, Apex Offshore Wind, BRG Bluewater, USCG, Atlantic Wind Connection, Alstom Grid, PJM, Kema, Siemens, Fisherman’s Energy, Baryonyx Corp, Deepwater Wind, and enXco among many others. Delegates will address the current challenges and potential solutions to advancing offshore wind projects throughout North America.
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Source: marketwatch, January 05, 2012