Sponsored by Oregon Business

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

Get on the bus!

April 2015
Thursday, March 19, 2015
BY APRIL STREETER

How the private sector can ride the next transit revolution.


Read more...

Meeting Facilities Perspective

March 2015
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR

A conversation with Donna Earley, director of sales and marketing for the Salem Convention Center.


Read more...

Umbrella Revolution

March 2015
Monday, February 23, 2015

Yeah, we know: Oregonians are way too cool for umbrellas. But today’s stylish, high-tech models will soften the resistance of the most rain hardened.


Read more...

4 highlights of the MLS labor deal

The Latest
Wednesday, March 04, 2015
timbersthumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

On Wednesday night, a couple days ahead of the 2015 season kickoff, Major League Soccer and the Players Union reached an agreement.


Read more...

Nuclear fingerprints

March 2015
Tuesday, February 24, 2015
BY LINDA BAKER | OB EDITOR

At Oregon State University, a 21st century version of the bad dream — nuclear terrorism — is alive and well. This winter, the Department of Nuclear Physics and Radiation Health Physics created a new interdisciplinary graduate emphasis in nuclear forensics, a Sherlock Holmes-sounding program that aims to identify how and where confiscated nuclear and radiological materials were created.


Read more...

Downtime with the president of NAI Norris, Beggs & Simpson

March 2015
Monday, February 23, 2015
BY JESSICA RIDGWAY | OB CONTRIBUTOR

Live, Work, Play: Catching up with Chris Johnson.


Read more...

Thy neighbor's house

March 2015
Friday, February 20, 2015
BY LINDA BAKER | OB EDITOR

Vacasa may lack the name recognition of Airbnb. But not for long.


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