Wausaukee Composites, a Wisconsin wind turbine parts supplier, closed its doors due to a lack of business.
“Wausaukee only recently learned that the primary customer served by the Cuba City facility was closing one of its facilities and would no longer be ordering component parts from Cuba City,” Trueman wrote.
He also cited federal tax law changes and decreased investment in the wind energy industry for a lack of new customers to replace the business recently lost.
The wind bubble is bursting
Wind developers are in a panic to get projects started before the end of the year when tax credits expire. Communities who sign on now for big wind energy projects are being dragged into a business right before it goes over a cliff. Local officials promoting these projects are doing their communities a terrible disservice and need to explain to the taxpayers and voters why they are in favor of these projects.
Wind energy is losing momentum, quickly, and every story points to falling government support as a major cause. You could almost get the impression that there isn’t any real demand for wind turbines in the first place. It’s not a real business. It’s like wind energy is a big government “make work” project that will end as soon as the money runs out. Yep, you could get that impression.
Something that can’t go on forever, won’t.
Link: Wisconsin State Journal