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The winds of change are blowing at Vestas (VWDRY.PK) with a tax credit set to expire in the U.S....

The winds of change are blowing at Vestas (VWDRY.PK) with a tax credit set to expire in the U.S. and orders falling by more than 20% Y/Y. The company says it has cut 800 jobs in the U.S. and Canada this year already.
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  • PR Conservative
    , contributor
    Comments (38) | Send Message
     
    A company that depends too much on tax credits. Wind energy companies should look for breakthroughs that reduce energy costs so it can compete with traditional energy venues.

     

    If they can't compete without the tax credits, they should rethink their business strategy and shut it down.
    12 Oct 2012, 08:10 AM Reply Like
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