Curious timing in Suzlon job cuts
November 2, 2010 at 9:13 pm in Worthington Daily Globe
‘Markedly improved’ fimances reported two days before Pipestone announcement
PIPESTONE The Suzlon Group reported Saturday a strong orderbook of $5.4 billion and an improving performance. Two days later, Suzlon Rotor Co. in Pipestone announced scaled-back operations that would eliminate 110 positions, effective Dec. 29. Continue Reading
Interesting related info here: http://www.startribune.com/business/106574258.html?page=1&c=y
President Obama has called for 25 percent of the nation’s electricity to come from renewable sources by 2025, but efforts to establish federal mandates have failed so far. Despite fierce lobbying by industry proponents, wind and solar energy are caught in the political maw of climate change and cap-and-trade legislation.
As a result, some of the tax breaks and other incentives that spurred massive wind power development in 2009 will expire at the end of this year. That uncertainty has many firms reluctant to commit to new projects.
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