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US politics put wind energy on short leash
For wind-energy companies across the U.S., the pace of business in 2008 may depend a lot on dealmaking in Washington.
The latest round of debate, centering on an economic stimulus bill, has taken the wind out of them. The extension of a key tax credit for wind energy set to expire at the end of 2008 was left out of the economic stimulus package, reviving uncertainty about expansion of the renewable power source at a time of record-high prices for traditional energy. ...While more than 3,000 new turbines were installed in 2007, concern about the expiration of the tax credits underscores the economic limitations of this form of alternative energy, although supporters say wind power eventually will be competitive without the help of tax credits.
January 29, 2008
by Tiffany Edwards
in Newark Advocate
For wind-energy companies across the U.S., the pace of business in 2008 may depend a lot on dealmaking in Washington.
The latest round of debate, centering on an economic stimulus bill, has taken the wind out of them. The extension of a key tax credit for wind energy set to expire at the end of 2008 was left out of the economic stimulus package, reviving uncertainty about expansion of the renewable power source at a time of record-high prices for traditional energy.
Companies receive tax credits of 2 cents per kilowatt hour of energy generated by each newly installed wind... [continue via Web link]
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