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Federal wind energy credit could expire
"In the past there was more of a calculation by the majority of the developers that it would get extended. There were more of them willing to make that bet and move forward with their projects. The shift in political tone, the increasing gridlock, the harsher rhetoric against incentive for renewable energy, has really had an impact."
July 31, 2012
by Scott Kraus
in The Morning Call
Local wind energy companies worry as manufacturers' production slows.
Windkits CEO Eric Schwartz has been watching the political maneuvering over extending a 20-year-old tax credit for wind energy producers, and he doesn't like what he's seeing.
The credit, caught in the gridlock that has paralyzed Congress this election year, helps drive investment in wind turbines, Schwartz said. His company employs 20 people making a component of windmill blades and moved to Upper Macungie Township in March 2011.
With the credit's future in doubt, major windmill manufacturers have slowed production or even put projects on hold awaiting the outcome, he said. With the dog... [continue via Web link]
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