Wind braces for slowdown as tax credit hopes fade

The wind needs to cry “stop the war against fossil fuels.”

Climatewire reports:

The wind energy industry finds itself in damage-control mode after House and Senate negotiators reached a deal on the payroll tax extension — but failed to include an important tax credit for wind energy.

Industry leaders say the production tax credit (PTC) for wind is critical to preserve thousands of jobs and ensure the sector’s growth. Its omission raises the possibility that the robust growth enjoyed by wind power over the past few years might soon shudder to a halt…

We have suggested that the wind industry plead for mercy from Republicans in exchange for helping to end the war against fossil fuels.

So far Big Wind prefers to watch itself wind down.

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