Vestas Wind Systems lays off 200 workers at its Windsor blade factory - Loveland Reporter-Herald
Wind-turbine manufacturer Vestas Wind Systems made its largest Colorado job cut Thursday, laying off about 200 workers at its Windsor blade plant.
The cuts represent 29 percent of the plant's workforce. Vestas also had laid off workers at plants in Brighton and Pueblo.
But that effort has sustained some major losses in recent months. Loveland-based Abound Solar closed its solar-panel plant and filed for bankruptcy liquidation. General Electric's Primestar Solar has postponed development of an Aurora manufacturing plant that was to employ 355 workers.
The solar industry has been hit by the plunging price of Chinese-made solar panels. However, problems facing wind power stem mostly from the looming expiration of the production-tax credit, or PTC.
Another tax credit green flop by Obama-chop-chop-chop !
Wind-turbine manufacturer Vestas Wind Systems made its largest Colorado job cut Thursday, laying off about 200 workers at its Windsor blade plant.
The cuts represent 29 percent of the plant's workforce. Vestas also had laid off workers at plants in Brighton and Pueblo.
But that effort has sustained some major losses in recent months. Loveland-based Abound Solar closed its solar-panel plant and filed for bankruptcy liquidation. General Electric's Primestar Solar has postponed development of an Aurora manufacturing plant that was to employ 355 workers.
The solar industry has been hit by the plunging price of Chinese-made solar panels. However, problems facing wind power stem mostly from the looming expiration of the production-tax credit, or PTC.
Another tax credit green flop by Obama-chop-chop-chop !