Home Must Reads Iberdrola laying off 25 in Portland

Iberdrola laying off 25 in Portland

| Print |  Email
Must Reads
Wednesday, January 25, 2012

Iberdrola Renewables is laying off 50 employees, including 25 at its headquarters in Portland.

Portland Mayor Sam Adams blames the U.S. government for the layoffs.

 

To Adams, the federal failure to extend a wind energy production tax credit beyond the end of this year has created uncertainty that's killing orders for renewable-energy producers such as Iberdrola and Vestas Wind Systems, which is also bracing for Portland job cuts.
"Without the certainty of that extension, project developers are not doing projects in the U.S., and manufacturers are not getting orders," Adams said.
Renewable-energy developers confirm that orders have declined because of uncertainty over the tax credit, which gives wind operators 2.2 cents per kilowatt hour.

Read more at OregonLive.com.

{biztweet}iberdrola renewables{/biztweet}

 

 

Comments   

 
MEJAC
0 #1 Reality is about to hit homeMEJAC 2012-01-25 12:30:37
The Federal government borrows .40 cents of every dollar they spend. They tax nearly 20% of our gross product now to cover the other .60 cents of every dollar they spend.

How do we spend that money loaned to us and taxed from us? Our domestic spending at the federal level alone is .70 cents of every dollar spent.

Our lenders have asked us to fix this. This is only the beginning of cuts to non-mission critical domestic spending. Sam needs to look at the math. It is beginning to look a lot like Greek to me.
Quote | Report to administrator
 
 
Dan Reid
0 #2 Iberdrola Renewables - Business ModelDan Reid 2012-01-26 10:59:41
If a company need to rely so heavily on tax credits to sustain sales, then it’s probably a poorly conceived business plan to begin with. Good riddance to government handouts to bolster up inefficient companies whether they are “green” companies or brick and mortar companies!!
Quote | Report to administrator
 

More Articles

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

What I'm Reading

November/December 2014
Wednesday, October 22, 2014

Peter Lizotte at ACME Business Solutions and Roger Busse at Pacific Continental Bank share their favorite reads.


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...

Political Clout

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

Businesses spend billions of dollars each year trying to influence political decision makers by piling money into campaigns.


Read more...

The short list: 5 hot coffee shops for entrepreneurs

Contributed Blogs
Friday, November 14, 2014

CupojoeBY JESSICA RIDGWAY

Oregon entrepreneurs reveal their favorite caffeine hangouts.


Read more...

Healthcare Perspective

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

A conversation with Majd El-Azma, president and CEO of LifeWise Health Plan of Oregon, followed by the Healthcare Powerlist.


Read more...

OB Poll: Wineries and groceries

News
Friday, October 24, 2014

24-winethumbA majority of respondents agreed: Local vineyards should remain Oregon-owned and quality is the most important factor when determining where to eat or buy groceries.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS