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Governors' Wind Energy Coalition

August 24, 2012

Vestas cuts jobs as wind industry faces tax credit expiration

  •  E&E  •  Posted 2012-08-24 12:14:33

The world’s largest wind turbine manufacturer will be cutting thousands of workers as the struggling company attempts to get out of the red. Denmark’s Vestas Wind Systems has said it will lay off 1,400 workers in addition to the 2,300 job cuts it announced at the beginning of the year. [ read more … ]

Texas wind energy boom may go bust if tax subsidies disappear

BILL HANNA, The Fort Worth Star-Telegram  •  E&E  •  Posted 2012-08-24 12:14:59

South of Sweetwater, hundreds of towering wind turbines from some of the nation’s largest wind farms dot ridge lines as far as the eye can see. North of town, crews are busily erecting new transmission lines to move more wind power from West Texas and the Panhandle to population centers like Fort Worth, Dallas and San Antonio. But the wind industry building boom, which has led Texas to be the nation’s leader in wind energy, could be nearing the end if the production tax credit expires at the end of the year. [ read more … ]

Vestas cuts hundreds of U.S. wind power jobs with production tax credit in limbo

  •  Special to E&E  •  Posted 2012-08-24 12:15:18

Vestas Wind Systems, the world’s largest maker of wind turbines, said it would cut an additional 540 jobs in the Americas by the end of the year as it prepares for lower demand next year while the renewal of the production tax credit (PTC) remains in limbo. The cuts are part of 1,400 jobs being eliminated at Vestas worldwide this year in addition to the 2,335 jobs the company cut in January. The new cuts will lead to savings of €250 million ($313 million) in fixed costs per year, the Danish company said. [ read more … ]

Cape Wind purchases Mass. marina to use as operations hub

Nick Juliano, E&E reporter  •  Special to E&E  •  Posted 2012-08-24 12:15:37

Developers of an upcoming offshore wind farm have purchased a Massachusetts marina to serve as the hub of operations for the project that is aiming to be the first offshore wind farm in the United States. Cape Wind CEO Jim Gordon announced today the purchase of East Marine in Falmouth, Mass., which the company plans to use as its operations and maintenance center for the 130-turbine project planned for Nantucket Sound. The center will create 50 permanent jobs employing highly paid engineers and other skilled workers, Gordon said. [ read more … ]

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