15 Mar '12, 2pm

Congressional Inaction May Halt $100M Arkansas Wind Manufacturing Plant: 'No PTC, No Wind Turbine Plant'

Congressional Inaction May Halt $100M Arkansas Wind Manufacturing Plant: 'No PTC, No Wind Turbine Plant'

Even with strong bipartisan support among governors, the business community, and many members of Congress, a small group of anti-clean energy opponents have held up passage of the production tax credit. Recharge News has reported on the latest comments from Mitsubishi on the lack of action in Washington: In 2009, the Japanese company revealed plans for a $100m nacelle manufacturing plant in Arkansas to support demand in its main market. It was scheduled to have opened earlier this year. However, turbine sales are certain to plummet if Washington does not renew theproduction tax credit (PTC), which is due to expire at the end of the year. “We need a market to operate our factory. Right now, the market is not so good. We have a site but cannot operate it,” says Yoshinori Ueda, assistant general manager of MHI’s wind turbine business. “If we have the PTC, we will go ahead.” W...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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