Nordex SE, a German wind energy company that opened a U.S. manufacturing plant in Jonesboro, Arkansas to great fanfare in 2009, today announced the closure of the plant. The company blames uncertainty in the U.S. market largely due to the last-minute (and only one-year) extension of the wind energy production tax credit (PTC) and the global overcapacity of wind turbines for the decision to close the plant.

"I have been saying for years that there must be stable tax policy with this kind of intense capital investment. Congress has totally failed to provide one, wavering year-to-year on the wind energy tax credit. This indecisiveness is costing Arkansas, and America, jobs." -- Arkansas Governor Mike Beebe