Siemens Project Pipeline, New Technology, Positions it for Success in Post-PTC Future
SUGAR LAND--June 12, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Siemens AG's (NYSE:SI) (Munich, Germany) U.S. wind-power business is gusting, propelled in large part by developers eager to build projects that are eligible for federal Production Tax Credits (PTCs). Those PTCs are worth about 2.2 cents per kilowatt-hour of electricity generated for a period of 10 years, assuming the projects are operating by yearend 2016. Industrial Info is tracking 31 U.S. windfarm projects valued at $8.36 billion that are under construction.
Within this article: Update on Siemens AG's U.S. wind-power business.
Additional companies: Berkshire Hathaway Incorporated (NYSE:BRKA), NextEra Energy Incorporated (NYSE:NEE), ALLETE Incorporated (NYSE:ALE)
