Articles filed under Impact on Economy from Arkansas

Despite PTC extension, turbulence still prevalent in U.S. wind market

"We are reacting to the weakened demand from the U.S. market, brought on by the unpredictable extensions of the PTC, and the resulting low utilization rate of our U.S. assembly plant," said Dr. Jürgen Zeschky, CEO of Nordex SE, in a statement. Without Canadian or South American orders back-stopping production, there was no business case for Nordex to keep its U.S. facility going.
9 Jul 2013

Arkansas wind turbine plant to stop production

Germany-based Nordex SE, parent company of Nordex USA, said the company had not received enough orders due to an uncertain U.S. market, overcapacity in the industry and an unstable outlook for a federal tax production credit. The company said factory workers would be let go after existing orders have been filled.
28 Jun 2013
back to top