A Cold Wind Blows Through

Delay in extending federal produciton tax credits on wind power stalls wind farm development

Published: 15-Mar-2004

Talk about knocking the wind out of your sails.

Congress still is grappling with extending price breaks for the wind industry that have been in place, off and on, since 1992. That's wreaking havoc with wind power projects all over the country.

Austin-based Cielo Wind Power LLC has put $130 million worth of work on hold because of the delay in extending federal production tax credits for wind power. All the company's new wind turbine construction projects have been stopped.

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