Vestas blames US wind tax credit uncertainty for latest job cuts

BusinessGreen staff

Company confirms it has slashed North American workforce by a fifth as a result of ongoing confusion over extension of wind farm tax breaks

The uncertainty surrounding the future of US tax breaks for wind energy projects has claimed further jobs after turbine manufacturer Vestas confirmed late last week that it has now cut its North American...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial


Already a BusinessGreen member?


More on Taxation

Public supports tax on fossil fuel firms to meet UK climate finance promises, study shows

Public supports tax on fossil fuel firms to meet UK climate finance promises, study shows

Polling suggests public is broadly supportive of measures that would see fossil fuel revenues channelled towards climate-vulnerable nations

clock 21 September 2023 • 4 min read
Credit: iStock

UK's Plastic Packaging Tax rakes in £276m for Treasury during first year

First official data on impact of the UK's Plastic Packaging Tax (PPT) finds 40 per cent of plastic manufactured in or imported to UK last year was exempt from the tax

Stuart Stone
clock 17 August 2023 • 3 min read