Govenors ask Congress to continue support for wind energy

A bipartisan coalition of governors has written to Congress to plead for the extension of the Production Tax Credit that has helped fuel the development of wind energy in the U.S..

The PTC, set to expire at the end of December, provides wind developers with a tax break that makes the business more profitable. Proponents say it’s needed to level the playing field for new energy, which must compete against subsidized fossil fuel industries like coal and natural gas.

Vestas Wind announces layoffs — with more to come unless US Congress extends tax support

In an ominous sign that the world economy is dragging on the wind industry, Denmark-based Vestas Wind announced today that it will lay off more than 2,300 employees as part of a reorganization to keep the company competitive.

The lay off of employees — 1,749 in Europe, 182 in the US and 404 in China and elsewhere — will help the company streamline and reduce its fixed costs by more than 150 million Euro, according to a statement.