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

The Human Factor

February 2015
Monday, January 26, 2015
BY BRIAN LIBBY

Matt French opens up South Waterfront.


Read more...

Powerbook Perspective

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

A conversation with Oregon state economist Josh Lehner.


Read more...

Old school: Paulsen's Pharmacy maintains old fashion ethos

The Latest
Thursday, December 18, 2014
121914-pharmacy-thumbBY MEGHAN NOLT

VIDEO: Under the radar — complete with a soda counter, the traditional Paulsen's Pharmacy looks to compete with big box retailers.


Read more...

Behind the curtain: What students should know about accreditation and rankings

Contributed Blogs
Thursday, December 04, 2014
120414-edurating-thumbBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?


Read more...

Closing the Gap: The two Oregons and the way forward

February 2015
Monday, January 26, 2015
BY JOE CORTRIGHT

"Nostalgia is not an economic strategy."


Read more...

Finding a Balance

Contributed Blogs
Thursday, January 29, 2015
012915-passinvst-thumbBY JASON NORRIS | OB GUEST BLOGGER

Active vs. passive investing: what you need to know.


Read more...

Corner Office: Sheree Arntson

January-Powerbook 2015
Saturday, December 13, 2014

Checking in with the managing director of Arnerich Massena.


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