Vestas blames US wind tax credit uncertainty for latest job cuts

BusinessGreen staff
clock •

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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

BusinessGreen staff
Author spotlight

BusinessGreen staff

View profile
More from BusinessGreen staff

Why demand for UK green bonds remains strong, despite Trump's pushback against ESG in the US

If government is serious about nature recovery, it must harness the full power of the market to do so

More on Taxation

'Electricity prices must come down': Chancellor urged to back reforms that could save households £370 a year
Taxation

'Electricity prices must come down': Chancellor urged to back reforms that could save households £370 a year

Coalition of businesses, investors, and climate groups call on Rachel Reeves to move the cost of legacy renewables schemes into general taxation

James Murray
James Murray
clock 15 May 2025 • 5 min read
'No winners in a trade war': Green industries brace for Trump tariff impact
Taxation

'No winners in a trade war': Green industries brace for Trump tariff impact

UK faces 10 per cent tariff on all exports to the US, as EU gets hit with 20 per cent levy and China faces 54 per cent charge

James Murray
James Murray
clock 03 April 2025 • 8 min read
Cutting clean investment in the Spring Statement would be bad economics and poor politics
Taxation

Cutting clean investment in the Spring Statement would be bad economics and poor politics

The Spring Statement and upcoming Spending Review cannot afford to de-prioritise investment in the clean transition, as it is crucial for the government's growth mission, writes Esin Serin from LSE's Grantham Institute on Climate Change and the Environment...

Esin Serin, LSE's Grantham Institute on Climate Change and the Environment
clock 24 March 2025 • 5 min read