in News Departments > New & Noteworthy
print the content item

After the uncertain fate of the production tax credit (PTC) led Siemens to lay off approximately 37% of its U.S. wind energy workforce last year, the company is now in the process of restaffing its operations in Fort Madison, Iowa, and Hutchinson, Kan., company spokesperson Monika Wood confirmed to NAW.

Although the tax credit has been renewed, Siemens' decision to hire more workers is not a direct result of the PTC extension, Wood says. In fact, the company is restaffing in order to produce wind turbine components for projects located outside the U.S.

“While the recently passed one-year PTC extension is not directly related to our need to ramp up production at this time, the PTC extension gives us confidence in the American market,” Wood tells NAW. “As projects move forward and we receive new wind turbine orders sparked by the PTC extension, we will continue to adjust our operations accordingly.”

Woods says that some of the company’s decisions will be based on the results of further guidance from the U.S. Internal Revenue Service and the Treasury Department on the definition of what constitutes “begin construction” in order for projects to qualify for the PTC.

“We cannot evaluate the potential impact of the extension on our business until detailed guidance on the interpretation of the language change from an "in service" to a "begin construction" date is released,” Wood notes.


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Canwea_id1984
Renewable NRG_id1934