“Margins and pricing continue to remain pressured across the sector which, along with policy uncertainty such as the renewal of the U.S.’s production tax credit, have weighed on the wind industry.” James Evans, solar and wind analyst at Bloomberg Industries.

Danish wind turbine group Vestas is still mulling its options over how to restructure its US manufacturing operations, but says confidence is growing over prospects of an extension to a key tax-credit for the industry.

Wind-turbine manufacturer Vestas Wind Systems made its largest Colorado job cut Thursday, laying off about 200 workers at its Windsor blade plant. The cuts represent 29 percent of the plant's workforce. Vestas also had laid off workers at plants in Brighton and Pueblo.

If Congress passes legislation to roll back nearly $18 billion in tax breaks for large oil companies, advisers to President Bush will recommend a veto, the White House said Tuesday. ...The oil companies would have to pay an additional $17.65 billion in federal taxes over 10 years under the proposed changes, according to an analysis by the House Ways and Means Committee. The White House, in a statement sent to Congress on Tuesday, said the bill "would use the tax code to target tax increases on a specific industry in a way that will lead to higher energy costs to consumers and businesses." "If this legislation is presented to the president in its current form, his senior advisers would recommend that he veto the bill," said the statement.