07 Jul '12, 10am

Is the Wind Industry Leaving the US due to Congressional Inaction? Yep.

Is the Wind Industry Leaving the US due to Congressional Inaction? Yep.

First Wind, based in Boston, took $211 million plus a $150 million loan from Canadian utility Emera Inc. for 49 percent of Northeast Wind Partners, a partnership which will handle First Wind’s eight-project, three-state, 385-megawatt northeastern business. Looking to Canada, where renewable energy retains big mandates and incentives, First Wind said the new partnership could lead to $3 billion in future investment and 1.2 gigawatts of new wind. EDP Renewables North America, the second biggest wind U.S. developer after NextEra Energy , reportedly wants to sell 707 megawatts of operating wind projects and a 1.4-gigawatt development pipeline and Spanish utility Iberdrola Renovables is reportedly re-evaluating its U.S. strategy. The town of Gillett, Wisconsin, population 1,256, will lose 45 jobs when Wausaukee Composites, a plastic and fiberglass wind turbine component maker, ...

Full article: http://cleantechnica.com/2012/07/07/is-the-wind-industry-...

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