Rumors have been circulating for a couple of weeks that the wind project planned for North East, PA and other surrounding areas had been put on hold. An article on GoErie.com confirms this is the case.
Federal tax incentives for wind energy development expired Dec. 31, and that’s affected financing for new projects, said Johnny Walker, of Texas-based Pioneer Green Energy.
The production tax credit is the instrument that has been used to finance projects for years. It’s imperative that it’s extended, or the industry is going to have to find another way to fund projects.
As we have stated over and over on this site, without taxpayer money handed to the wind industry, THERE IS NO WIND INDUSTRY! It cannot stand on its own two feet because no one wants wind energy at a price that actually covers the cost.
There are and will be many wind developers and wind equipment manufacturers trying to get the PTC reinstated because their entire business depends on government subsidies. You can be sure our opposition to these wind turbines has not expired and we will continue our efforts to fix what is a very poorly written wind ordinance with few protections for residents of North East Township.
It should also be noted that we will continue to be far more vigilant in watching the business of the township itself to make sure all residents are fully informed of anything that may affect their community, their lives and their wallets.