USA:

PTC Impact on Geothermal and Other Renewables Uncertain (Fierce Energy)

The Production Tax Credit (PTC) extends well beyond just the wind industry to include other sources of energy such as geothermal, solar, hydropower, biomass, landfill gas and municipal solid waste. And although these energy sources may benefit, there is an amount of uncertainty that exists.

The modification adopted for geothermal, which allows projects to qualify for the PTC based upon an "under construction" status, represents an approach to renewable tax incentives that will work more effectively for geothermal and other renewable power technologies that have longer development lead times, which should lead to technology improvements that make geothermal projects more cost effective and competitive.


However, geothermal is often considered a high risk technology. Although the process is the same as other renewables in terms of obtaining land rights and permits and negotiating complex contracts, the risk is whether or not the energy supply will actually materialize.

Read More.....