More than 100 Tulsans were blindsided by the news they'll lose their jobs at the start of the new year in an industry thought to be one of a few bright spots in our economy in crisis. Wind energy is a relatively new industry to this part of the country. ...The managers of the Tulsa plant would not comment on camera. But, the corporation released a written statement: "The plant closure is due to wind farm developers' difficulty in receiving financing. And due to that lack of financing developers are forced to delay upcoming projects."

When investor Boone Pickens put a hold on a huge wind power project in the Texas Panhandle that he had announced in the spring, he wasn't alone. A number of wind power developers and researchers say the ongoing credit crisis, together with transmission congestion in West Texas and falling natural gas prices, will slow the state's breakneck expansion of wind capacity. ...But there also is a peculiar wrinkle in wind power's finance that makes the current environment doubly challenging. "Most wind projects in the U.S. are funded by investors with an appetite for tax benefits," said David Groberg, vice president of Invenergy Wind, a Chicago-based company with 690 megawatts of wind capacity in Texas.

The cost of offshore wind farms has continued to soar, Centrica said, leading the company to review the economics of its £4bn wind power investment programme. The spiralling costs of offshore wind threaten to derail the government's renewable energy plans, which rely heavily on offshore turbines because of the difficulty and delays in obtaining planning permission for onshore wind farms.

Babcock & Brown Ltd.'s fight to avoid becoming Australia's next victim of the credit crisis may depend on convincing bankers that it can sell assets in a market where others have failed. Babcock slumped 51 percent in Sydney trading since Nov. 6, when ABN Amro Holdings NV analyst John Heagerty said the owner of wind farms and real estate may breach loan agreements next year. ...Babcock said June 16 it was "confident'' the wind assets would be sold this year -- an assumption Heagerty said may prove too optimistic. "The sale of Babcock's wind assets is likely to be postponed further given the difficulties for the acquirers in obtaining financing,'' he said.

Wind farms are blowing land values off course, slashing property tags by up to a third in some areas and lifting others by as much $50,000 per turbine. A new study shows the presence of wind turbines significantly influence land values - but it's not all bad. The study co-incides with a new push by the Federal Government to speed up the building opf wind farms across Australia. Ballarat-based value Alan Hives said there had now been enough sales of property featuring or near wind farms to draw some conclusions of their impact on property values.

Centrica, which is raising 2.2 billion pounds to help fund its proposed 25 percent stake in nuclear power generator British Energy, said it was "revisiting the economics of wind farms given rising raw material and credit costs." The company, which hopes to start full operation of its new Lynn & Inner Dowsing wind farms off the coast of eastern England by the end of the year, has yet to approve investment for three more farms that it plans to build in the North Sea.

Developers of a proposed Speyside wind farm have hit back at claims it will deter visitors and insist their plans will promote tourism in Moray. Dorenell Wind Farm on the Glenfiddich Estate will give local tourism a valuable boost and inject ongoing investment into the Moray economy, said Infinergy. And it accused a survey by a local accommodation provider, Tomintoul and Glenlivet Highland Holidays marketing group - which claimed a large number of tourists would be deterred from visiting the area because of the wind farm - of lacking objectivity and claimed it should be discounted because it asked leading questions.

If California expands its renewable power generation to be a third of electricity delivered in the state by 2020, it may cost $60 billion, the state's utility regulator said in a report issued on Thursday. It is more costly to make electricity with renewable power -- solar, wind, geothermal and other sources that emit no or low amounts of global-warming greenhouse gases -- than with natural gas, nuclear and coal power plants. ...On Tuesday, California voters overwhelmingly -- 65 percent of the vote -- rejected a statewide ballot measure that would have required 50 percent of power to be generated from renewables by 2025.

On the campaign trail, Mr. Obama argued that spending $150 billion over the next decade to boost energy efficiency would help create five million jobs. ...Critics say analyzing only new green jobs misses half the story. "It's not looking at the other side of the coin: You are spending more money for your energy," says Anne Smith, a vice president at CRA International. ...gains in green jobs would be "more than offset" by job losses elsewhere in the economy.

The group behind what is said to be Australia's first community-owned wind farm says the global financial crisis has affected fundraising for the project. Hepburn Wind wants to build two turbines at Leonard's Hill near Daylesford. It has spent the past three months trying to raise $5 million from investors, but it has only received share applications worth $2 million.

The plan to erect wind turbines on the Burnside Mountain south of Shamokin has been stalled because of the sour economy. Penn Wind LLC is still actively pursuing the project, but the failure of some of the nation's largest financial institutions makes the market for the important tax-credit piece of financing for such a large project a tough one ...While Penn Wind is a small Sunbury-based company, it is affiliated with an international alternative energy giant in German renewable energy company Juwi GmbH.

A wind development in Moray will deter visitors from returning to the area, according to a tourism survey carried out by a local accommodation provider. A year long survey in the Dufftown-Glenlivet area suggests 17% of people, mainly walkers, would be put off coming back to the area if it had a wind farm. The survey, begun in March by Tomintoul and Glenlivet Highland Holidays marketing group, has had more than 200 forms returned by visitors staying in the Dufftown-Glenlivet area and expects to have 350 returned by March next year.

A deflating economy has taken the wind out of a massive Panhandle alternative energy project. Tight lending stalled a $2 billion wind farm project headed by billionaire oilman and alternative power proponent T. Boone Pickens. Pickens' BP Capital delayed work on a state permit to build 170 miles of transmission lines carrying enough wind energy to power 300,000 homes.

A wind tower manufacturing company, facing construction costs that were significantly higher than expected, received a shot in the arm Tuesday. Members of the Development Corporation of Abilene voted to approve Tower Tech Systems Inc.'s request for additional money -- up to $700,000 more -- to help cover nearly $7 million in unanticipated building costs.

Texas consumers and taxpayers could pay more than $2.2 billion a year in subsidies and higher transmission costs to take advantage of the state's abundant wind-generation resources, a free-market research group said on Tuesday. The state's current push to accelerate use of wind-generated electricity is "costing, not saving, Texans billions of dollars," said Bill Peacock, director of the Texas Public Policy Foundation's Center for Economic Freedom. ...By 2025, the study said the price tag could total $60 billion as Texas reaches 10,000 megawatts of wind capacity.

Last week the provincial government announced an ambitious $1-billion wind development plan to generate another 500 megawatts of wind power by the year 2013. The government has mapped out where the new wind turbines might go and many are slated to be put up along the tourist area of the North Shore.

Financing for wind farms has disappeared and fewer companies will be able to develop the kind of "mega projects" needed to feed the growing demand for energy, said Reyad Fezzani, CEO of BP's wind and solar operations, at the Dow Jones Alternative Energy Innovations conference Wednesday. In just the last month, money that typically would be available for building renewable-energy projects has "completely dried up," thanks to the financial market crisis, Fezzani said during a keynote and on-stage interview with Yuliya Chernova, editor of Dow Jones' Clean Technology Insight.

Take Gamesa, the Spanish company that's one of the world's biggest manufacturers of wind turbines, with operations from China to Pennsylvania. Wednesday, Gamesa reported a three-fold increase in profits and a fat order book. And what happened? Shares fell by more than 20%, with another 6% slide today. That's because Gamesa also said it would temporarily halt production at some of its wind turbine factories.

Connecticut-based project developer Noble Environmental has sold both phases of its 159MW Noble Thumb wind farm to John Deere and has laid off an unspecified number of staff. The move appears to be part of a company effort to raise cash and reduce costs. New Energy Finance could not reach a current spokesperson for comment. The Federal Energy Regulatory Commission approved the sale of the Noble Thumb project on October 14, according to a commission document. The two companies first notified FERC of their intentions on August 27.