The World's #1 Renewable Energy Network for News, Information, and Companies.

Vestas Cuts U.S. Jobs by 20 Percent Awaiting Tax Credit Decision

Vestas Cuts U.S. Jobs by 20 Percent Awaiting Tax Credit Decision

Vestas Wind Systems A/S, the world's biggest maker of wind turbines, has cut about a fifth of its U.S. jobs as it waits for lawmakers to decide whether to extend a tax credit for the industry.

The reduction has taken its workforce in the U.S. and Canada to about 2,600 employees from more than 3,400 at the beginning of the year, the Aarhus, Denmark-based company said today in a statement on its website, which added more detail to an announcement made late yesterday.

The cuts came even though Vestas had its “busiest year ever in the U.S. and Canada by supplying wind turbines to more than 20 new wind power projects,” Martha Wyrsch, president of Vestas’s Americas unit, said in the statement. “However, the U.S. wind industry has slowed, largely due to the uncertainty surrounding the federal Production Tax Credit extension.”

Vestas is struggling to return to profitability after losing money in 2011 and in the first two quarters of this year. It’s said it may cut an additional 1,600 U.S. jobs if lawmakers don’t renew the credit, which expires at the end of the year. The credit gives an incentive of 2.2 cents a kilowatt-hour for wind power.

The job reductions announced today are included among the 3,735 cuts already announced this year. In 2012, the manufacturing workforce at Vestas’s four Colorado factories has been slashed to about 1,200 from 1,700. That includes the sacking this week of about 18 percent of workers at two blade factories in Brighton and Windsor.

“Vestas will continue to scale its workforce up or down depending on business needs and market demands,” the company said today. In yesterday’s statement, it noted a “significant reduction” in turbine orders for next year.

Vestas fired 75 workers earlier this week at its Brighton plant after cutting about 30 workers at the same plant on Aug. 21. About 90 workers were affected at a plant in Pueblo, Colorado on Aug. 13. The company seeks to cuts its global workforce about 16 percent this year to 19,000 people.

Copyright 2012 Bloomberg.


How to Win Planning Permission for Renewable Energy Projects (and Influence People)

Tildy Bayar, Contributor At Tuesday afternoon’s POWER-GEN Europe and Renewable Energy World Europe conference session in Amsterdam, Paul Davison of PR firm Proteus discussed how to best communicate with the public regarding renewable ene...
Egypt flag

Egypt's Renewable Energy Drive Gains Steam

Andrew Burger, Correspondent There's a lot of action in Egypt's rapidly developing solar and renewable energy market space. Nearly 5 GW worth of solar power development agreements have been signed so far this year, while Egypt 's New and Renewable Ene...
Stock graph

Green Bonds Sprout as Wall Street Embraces Renewable Energy Debt

Cordell Eddings, Bloomberg Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new iss...

The Big Question: What Is the Most Frustrating Part about Working in Renewable Energy?

Renewable Energy World Editors

Every industry has its challenges and misunderstandings. Sometimes the obstacles we face in simply trying to do our jobs can be very frustrating.


Volume 18, Issue 3


To register for our free
e-Newsletters, subscribe today:



Doing Business in Brazil – in partnership with GWEC, the Global Win...

Brazil is one of the most promising markets for wind energy.  Ranke...

Mastering RETScreen® 4 for Clean Energy Project Analysis

Hands-on modeling class using RETScreen 4. Michael Ross designed this co...


RECAM WEEK will bring together the incredibly successful SPG Central Am...


Meteorological Technology International Magazine - SENSORS AND SENS...

Over the past 10 years, these sensing technologies have spread tre...

SunEdison Expands Residential Market Offerings with New PPA, Sales ...

SunEdison has largely focussed on the commercial and utility-scale solar...

Are You Ready for a Natural Disaster?

Guest post by Jenna Clarke  Living in the Shenandoah Valley of Virg...


Tweet the Editors! @megcichon @jennrunyon


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now