News
Wind power hits the doldrums
New wind energy projects stalled when financing dried up during the Great Recession. Now new projects have hit turbulence because an important federal tax credit is set to expire.
September 24, 2012
by George Hohmann
in Charleston Daily Mail
With federal incentives set to expire, future of energy source in W.Va. stalling
CHARLESTON, W.Va. - New wind energy projects stalled when financing dried up during the Great Recession. Now new projects have hit turbulence because an important federal tax credit is set to expire.
CHARLESTON, W.Va. - New wind energy projects stalled when financing dried up during the Great Recession. Now new projects have hit turbulence because an important federal tax credit is set to expire.
Five projects were completed in West Virginia before troubles beset the industry. The projects have a combined capacity of 583 megawatts. Whether that is a lot or a little depends on your perspective.
The "it's a lot" school would boast that the projects are generating enough electricity to power 135,000 homes.
It's estimated the projects directly... [continue via Web link]
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