Tagged: Federal Wind Tax Credit

Vestas has signed a two-year agreement to supply towers for several wind power projects. As a result, more than 100 workers will be hired on at the Vestas' tower plant in Pueblo.

Danish wind turbine maker Vestas is cutting the workweek to 24 hours for its Pueblo factory workers due to an industry slowdown caused by the delay in extending the Wind Tax Credit.

The wind energy industry is dependent on something even more unpredictable than wind: Congress. Hidden in the turmoil over the "fiscal cliff" compromise was a tax credit for wind energy.

Uncertainty over the credit had lingered long before the last-minute political push, causing the industry to put off further long-term planning. So while the now-approved tax credit revives prospects for an industry facing tens of thousands of layoffs, don't expect to see many new turbines coming up soon.

Growing Uncertainty

27 speeches on the Senate floor. Each one different. With time running out to extend the Wind Tax Credit, Senator Mark Udall once again took to the floor pushing for its extension.