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Wind energy industry faces stiff headwind; Projects race against deadline for tax credit
Two large wind energy projects in the Texas Panhandle are racing against a looming Dec. 31 deadline when a critical federal tax credit expires, threatening to toss an already tumbling industry into freefall.
Project leaders are confident about the immediate future, but they and the companies that build the components used in wind farms are worried about next year.
July 15, 2012
by Kevin Welch
in Amarillo Globe-News
Two large wind energy projects in the Texas Panhandle are racing against a looming Dec. 31 deadline when a critical federal tax credit expires, threatening to toss an already tumbling industry into freefall.
Project leaders are confident about the immediate future, but they and the companies that build the components used in wind farms are worried about next year.
"Say somehow an extension gets passed, you still have the lead time to manufacture the equipment," Jason Tillman, project manager for Cielo Wind Services, said Friday as he waited for the arrival of a transformer that has... [continue via Web link]
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