As Congress delays PTC extension, Gamesa announces furloughs
Spanish wind turbine manufacturer Gamesa announced furloughs of 165 U.S. workers last week, adding that it hopes to recall them once Congress renews the federal wind energy Production Tax Credit (PTC).
David Rosenberg, a spokesman for the firm, told Bloomberg bluntly, "The lack of a PTC is the cause for this action," explaining that it is not a situation that applies only to Gamesa, but to the entire wind turbine manufacturing industry.
Said the article, "Wind farms take years to plan and build, and developers are trimming orders now. Total 2013 installations may fall to 4.9 gigawatts from an estimated 10.5 gigawatts this year if ...