Wind power bankruptcies coming as production tax credit expires

GE wind turbine

GE is a major player in wind turbine. They expect many bankruptcies among their suppliers due to the production tax credit for wind expiring at the end of the year. Thus, they are winnowing out suppliers among the 200 they use now and may end up with as few as three.

Congress could get off its dead ass and extend the credits but won’t even consider it until after the November elections, insuring that thousands of jobs will be lost. Congressional Democrats, as always, are too timid and compromised to take a stand and force the issue. God forbid they chance alienating a mythical swing voter.

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