All the huff and puff on the campaign trail in Iowa aside, it’s likely that the wind energy tax credit will pass this fall, Iowans who follow the issue say. It’s a topic that Iowa voters typically don’t bring up. But President Barack Obama loves to talk about it because it gives him an opening to bash GOP rival Mitt Romney for being opposed to an incentive that all of Iowa’s top politicians consider important.
Vestas Wind Systems, the world’s largest wind- turbine maker, said Monday a weakening market is forcing it to cut about 20 percent of the 450 jobs at its tower factory in Pueblo. The soft market is a result of Congress not renewing the federal wind-production tax credit, which is set to expire in December, Aarhus, Denmark-based Vestas said in a statement.
The Obama Administration is calling for continued government support of wind energy, touting a new report showing that it accounted for nearly a third of new electric capacity added in the United States last year. A report released Tuesday by the Department of Energy says the U.S. wind power industry is “facing uncertain times,” growing strongly but confronting the possibility of an expiring tax credit that would deal it a severe blow.
The U.S. wind sector grew substantially during 2011, a trend that is expected to continue until the end of this year, according to a new report by the Department of Energy.
Ben Paulos and his colleagues at the Energy Foundation commissioned this video on the integration of wind and solar into the grid. It’s very well done.
Officials in the offshore wind industry are cheering a series of moves by Congress and federal agencies that have raised hopes that wind farms could soon sprout in U.S. waters. While construction of the first turbines off the Eastern Seaboard is likely years away, industry officials say the Senate Finance Committee’s decision this month to extend the investment tax credit, combined with continued approvals of projects and lease areas from federal agencies, has sent a strong signal to potential investors.
The Interior Department today announced it will begin reviewing a Norwegian company’s proposal to build what would be the nation’s first floating wind farm off the coast of Maine. The Bureau of Ocean Energy Management said it will prepare an environmental impact statement on Statoil North America’s proposal to construct a 12-megawatt demonstration project about 12 miles off the Gulf of Maine.
President Barack Obama assailed rival Mitt Romney Thursday for opposing tax credits for wind energy producers, a vulnerability for the Republican in Colorado and Iowa, two battleground states that have thousands of good manufacturing jobs tied to the nascent industry.
Speaking not far from a wind turbine manufacturing plant here on the hot plains, President Obama on Thursday contrasted his support for keeping alive an expiring tax credit for wind energy producers with the opposition of Mitt Romney to that subsidy and others for clean energy alternatives to oil. Mr. Obama’s attacks followed days of veiled criticism of Mr. Romney’s stance by Republican leaders in Colorado and Iowa, both election battlegrounds that are among the leading states in trying to harness wind power. The issue dogged Mr. Romney on Wednesday in Iowa and last week in C
Mitt Romney’s presidential campaign has been savaging what it calls President Barack Obama’s “unhealthy” obsession with “green jobs.” The Republican challenger criticizes the government program that propped up solar manufacturer Solyndra, and he mocks Obama’s vision of a boom in employment, citing a European study to argue that new solar or wind-energy positions would destroy jobs elsewhere. But when a campaign spokesman said last week that Congress should let a tax break for wind energy producers expire at the end of the year, some Republicans were concerned the candidate had gone too far