Official: Planned wind farm OK without tax credit
CASPER, Wyo. (AP) — The head of the company planning to build 1,000 turbines in Carbon County says the project will proceed with or without federal tax incentives.
Power Company of Wyoming CEO Bill Miller says Chokecherry and Sierra Madre wind farm would benefit from the tax credit, which Congress allowed to expire Jan. 1.
He says electricity generated by the nearly $5 billion facility would be cheaper for utilities and consumers alike if Congress were to renew the credit.
But he tells the Casper Star-Tribune that the wind farm will still be commercially viable without it.
There is ongoing debate in Washington over whether to renew the production tax credit.
Advocates say the tax credit is needed to ensure wind’s continued expansion. Opponents argue that wind power no longer needs government help.