The major federal tax and grant subsidies for windpower and other qualifying renewables are scheduled to expire at year-end.
And claims of robust economics, competitiveness, and growth have given way to fear of a freer, less preferential market in 2013 and beyond. Wind’s artificial boom/upcoming bust is the risky business of political capitalism.
Last Friday’s edition of Environment & Energy Daily ran this story (sub. req.):
The American Wind Energy Association estimates that 10,000 jobs will be lost by September — primarily among manufacturers of wind turbines and components facing a dearth of orders for next year. By the end of the first quarter of 2013, the industry will have shed about 37,000 jobs without quick action on a PTC renewal, according to a widely cited study AWEA commissioned from Navigant Consulting. The industry estimates it employed about 78,000 people at the beginning of this year.
So in the next six-to-nine months, nearly one-half of the industry’s jobs will be gone just because a special tax break has lapsed? How lousy is this industry? What have we gotten for decades and tens of billions of dollars expended to date?
And what is the plan for the inevitable task of dismantling the industrial wind turbines that no longer spin but look like some industrial death scene from Planet of the Apes?