Texas wind plans stop blowing amid tax credit uncertainty

It’s hostage time!

Climatewire reports:

The great Texas wind energy machine is grinding to a halt as project developers await word on federal tax credit extensions.

Waning state government support and ultra-low natural gas prices caused a sharp slowdown in activity last year. The industry is struggling to bounce back to pre-2011 annual growth levels, but experts say that although projects are still getting built, companies are putting most plans on hold as Congress debates whether to extend the production tax credits that have fueled the wind industry…

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