Wind Power Hits Economic Storm

By: Associated Press
By: Associated Press
To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

WASHINGTON (AP) -- Wind power has seen historic growth and the blessing of President Barack Obama -- but it's far from recession proof.

The American Wind Energy Association reports that the amount of electricity generated by wind turbines grew by 50 percent last year and 55 new manufacturing facilities were built to make turbine components.

But the association sees storm clouds ahead.

Denise Bode, the group's top executive, says "the financial downturn has begun to take a serious toll on new wind development," with layoffs reported at a number of manufacturing plants. Last year, the industry gained 13,000 jobs. But the association says hundreds of people have recently lost their jobs because the credit crunch is delaying wind projects.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 38496384 -
Gray Television, Inc.