This is What 37,000 Layoffs in the Wind Industry Looks Like
By
Stephen Lacey, Climate Progress
July 17, 2012 Here's a chart that voters in the Midwest probably aren't going to like:
This graphic, put together by the wind industry, illustrates how an expiration of the production tax credit may impact employment in the U.S. Notice the spike in activity before the drop-off. That’s due to the rush of development we’re seeing currently in the lead up to the lapse of the credit. But even if the credit is extended at the end of the year, it looks like 2013 will be a poor year for installations. Developers need a lead-time of about 18 months, so many of them have put projects on hold without any clarity on if the credit will be extended. That’s why we’re already seeing manufacturers lay people off. This article was originally published on Climate Progress and was republished with permission. The information and views expressed in this article are those of the author and not necessarily those of RenewableEnergyWorld.com or the companies that advertise on its Web site and other publications. |