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Greentech Media expects about 7GW worth of U.S. wind power installations to be made in 2011 - up...

Greentech Media expects about 7GW worth of U.S. wind power installations to be made in 2011 - up from 5.2GW last year, though likely not enough to keep China from surpassing the U.S. in terms of installed capacity. The industry could see a major downturn in 2013, should Congress fail to extend a key tax credit. GE and Siemens (SI) have both invested heavily in their wind turbine businesses.
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  • Leftfield
    , contributor
    Comments (3837) | Send Message
     
    It's hard to believe a tax credit important to ultimate insider GE would expire. Perhaps it's because their nuclear and turbine divisions are more important and will pick up the slack. Or just because their Chinese operations are increasing.

     

    Like GE's recent increase of it's sophisticated medical technology manufacturing in Shanghai just as CEO Immelt became head of Obama's "Jobs Creation Panel," our declining US is increasingly marginalized in such multinational corporations' calculations. Silly us, Immelt is creating jobs....in China.
    27 Dec 2011, 11:42 AM Reply Like
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