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Tag archives for wind subsidies

Fiscal Cliff Deal Reached, Clean Energy Not Forgotten

After months of negotiating, lawmakers in Washington, D.C., reached an agreement to avoid the so-called “fiscal cliff.” Featured in the measure is an extension of a renewable electricity production tax credit for wind, geothermal and some biomass projects, which gives credit for each kilowatt-hour of energy they produce. Highly contested prior to the bill’s passing was the credit’s impact on the wind industry. The credit, which offers 2.2 cents per kilowatt-hour of…

As Markets Dive, Clean Energy Stocks Hit by “Triple Whammy”

The stock market took a beating this week, after the rating agency Standard & Poor’s downgraded U.S. bonds—but clean tech stocks have been falling even faster than the market as a whole. Shares in clean energy companies have been hit by a “triple whammy”—producing too much capacity for the demand, problems with government debt, and…