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US wind industry slammed by tax uncertainty, fracking

2014-04-20 04:13:00| Climate Ark Climate Change & Global Warming Newsfeed

USA Today: Once a booming industry, U.S. wind power saw its growth plummet 92 percent last year as it wrestled with tax uncertainties and cheap natural gas. The industry is still growing but not nearly as fast, says a report by the American Wind Energy Association. It added a record 13,131 megawatts of power in 2012 but that fell to only 1,087 MW last year the lowest level since 2004. One reason was investors uncertainty that Congress would renew a federal wind tax subsidy. People didnt know it would...

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