More than a third of the credits issued under a tax credit program for renewable energy companies in Oregon went to problematic projects. That's according to an independent analysis issued Thursday by the Oregon Secretary of State's office.
A last minute deal passed by Congress to avoid the fiscal cliff extended a key tax credit for the wind power industry. The tax credit has helped turn wind energy into a more than $10 billion industry in the Northwest. It expired on the 31.
Some clean energy jobs will disappear from the Pacific Northwest in 2013. Industry leaders say that’s a consequence of letting a wind tax credit expire on Monday. Reporting for EarthFix, Courtney Flatt has more.
Those giant wind turbines that line ridges across the Northwest have brought green energy and construction jobs to many rural areas. But some of those jobs could disappear next year. That’s if Congress does not extend a tax credit that expires in December. Wind developers say the money is critical to the burgeoning industry. But critics say taxpayers should not subsidize wind energy.