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Governors' Wind Energy Coalition

October 9, 2012

Tough times ahead for wind industry, regardless of tax credit renewal — analyst

Robert S. Eshelman, E&E reporter  •    •  Posted 2012-10-09 12:15:44

The clean energy sector is closing the gap on fossil fuels, but the wind industry faces significant challenges and could see a free fall in new construction over the next three years, said Ethan Zindler, head of policy analysis at Bloomberg New Energy Finance. The decline in new wind power generation, he added, is likely to occur regardless of whether Congress extends a production tax credit (PTC) that has been a blessing to the industry. [ read more … ]

Jobs Blow Away as Congress Fails to Act on Wind Energy

By Jim Snyder, Bloomber Business Week  •    •  Posted 2012-10-09 12:16:08

“We’ve done extremely well,” John Purcell, Leeco’s vice president for wind energy, said in an interview. Leeco is a unit of O’Neal Industries, a metals-service company based in Birmingham, Alabama.
Now a different sort of economic crisis is looming over the industry. A tax credit fueling wind’s growth expires at the end of this year unless Congress votes to extend it. Wind-energy companies get 2.2 cents for every kilowatt-hour produced, shaving as much as one-third off the costs. [ read more … ]

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