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Governors' Wind Energy Coalition

August 20, 2012

Energy Week Ahead: Vestas May Offer Plan for Colorado Job Cuts

By Alex Morales and Jim Efstathiou Jr,, Business Week  •    •  Posted 2012-08-20 11:57:54

Vestas Wind Systems A/S (VWS), the world’s biggest wind-turbine maker, is likely to give details this week of its plan to cut as many as 1,600 jobs mainly in Colorado amid a standoff in Congress over a tax break for the industry. Chief Executive Officer Ditlev Engel said in January that U.S. jobs would be scrapped “for sure” unless Congress extends the production tax credit, or PTC, which expires at the end of 2012. He may provide more details Wednesday when the Aarhus, Denmark-based company reports earnings for the first half of 2012. Gamesa Corp. (GAM) Tecnologica SA and other manufacturers in the industry also have announced layoffs.
[ read more … ]

Oregon, U.S. could lose wind power jobs

By KTVZ.COM news sources  •    •  Posted 2012-08-20 11:58:15

Like the wind itself, the wind energy industry has blown hot and cold in Oregon. Some blame the lack of effort in Congress to extend the Production Tax Credit for alternative energy, set to expire in about four months. The standstill affects businesses like Met One Instruments in Grants Pass, which makes weather sensors and monitoring equipment. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.