29 Jan '12, 2am

Iberdrola cuts US wind energy jobs | Windpower Monthly

Iberdrola cuts US wind energy jobs | Windpower Monthly

America’s wind sector is facing uncertainty because of the possible expiration of the production tax credit (PTC) on 31 December. The sector is also affected by low natural gas prices and sagging electricity demand. Lawmakers in Washington may extend the PTC, worth 2.2 cents/kWh, either in February or after the November federal elections. Wind developers especially are being hit hard by the lack of stable policy. In October, EDP Renewables cut 10% of its US workforce.

Full article: http://www.windpowermonthly.com/news/1113706/Iberdrola-cu...

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