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.