Library filed under Taxes & Subsidies 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 Legislature rejects renewable power mandate

Observing that energy costs are a key factor encouraging or stifling economic growth, Taylor presented economic data showing renewable power is substantially more expensive than conventional power. Taylor also presented U.S. Energy Information Administration (EIA) projections indicating renewable power will be substantially more expensive than conventional power for at least the next several decades.
4 Apr 2013
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