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

Marijuana law ushers in new business age

The Latest
Tuesday, June 23, 2015
062315panelthumbBY KIM MOORE | RESEARCH EDITOR

Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.


Read more...

Apartment Mania

Guest Blog
Thursday, June 18, 2015
4805983977 11466ce1d6 zBY BRAD HOULE | CFA

While most categories of commercial real estate have performed well, one of the most robust has been apartment buildings.


Read more...

Efficiency Boost

June 2015
Friday, May 22, 2015
BY JOE CORTRIGHT

How conservation stimulates the local economy.


Read more...

Photo Log: The 2015 100 Best Green Workplaces in Oregon

The Latest
Wednesday, May 27, 2015
greenthumbPHOTOS BY JASON E. KAPLAN

Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon yesterday at the Nines Hotel in downtown Portland.


Read more...

Nine lives

Linda Baker
Friday, May 22, 2015
0f4f7bfBY LINDA BAKER | EDITOR

Roy Kaufmann always lands on his feet.


Read more...

Urban renewer

Linda Baker
Wednesday, June 24, 2015
UnknownBY LINDA BAKER   

One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia's landlord.


Read more...

The 5 highest revenue-generating parks in Oregon

The Latest
Thursday, June 11, 2015
parksthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.


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