The wind energy industry is dependent on something even more unpredictable than wind: Congress. Hidden in the turmoil over the “fiscal cliff” compromise was a tax credit for wind energy.
Uncertainty over the credit had lingered long before the last-minute political push, causing the industry to put off further long-term planning. So while the now-approved tax credit revives prospects for an industry facing tens of thousands of layoffs, don’t expect to see many new turbines coming up soon.
Growing Uncertainty
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