The wind power industry is predicting massive layoffs and stalled or abandoned projects after a deal to renew a tax credit failed Thursday in Washington.
Even if the tax credit is somehow revived, it won’t be until November, which is far too late for construction in 2013. Projects will either be cancelled or rushed so they are completed in 2012 and thus still get the tax credits.
In Illinois, almost 14 GW of wind power waits to be connected to the grid. Now many of those projects may be cancelled or delayed.
This is really bad for wind power.