The United States wind energy market is surging, with over 50GW of new wind installations forecasted for 2019 to 2023. The push to take advantage of the Production Tax Credit (PTC) is straining the US value chain to its limits, and project delays loom. Wood Mackenzie has identified 9GW of at-risk wind projects, representing over USD 10B of investment, that are in danger of missing their planned 2020 deadlines and thus jeopardizing their ability to leverage 100% of the PTC. The short-term demand bubble is also placing near-term pressure on energy prices in ERCOT, SPP and some areas of MISO. These power market dynamics may negatively impact commercial and industrial (C&I) offtakers operating assets in those regions.