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A unit of Warren Buffett’s MidAmerican Energy Holdings Co. plans to invest $1.9 billion to build additional wind farms in Iowa that would increase its wind generating capacity in the state by about half.
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The U.S. wind-power industry is expecting a tough battle in Congress as it seeks another extension of a federal tax credit that received a one-year renewal at the last minute in January.
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Exelon Corp. left the U.S. Chamber of Commerce in 2009 over the group’s opposition to a climate- change bill, declaring the “carbon-based free lunch” was over.
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Companies spent $25 billion building U.S. wind farms last year, more than double the budget of the Coast Guard and overtaking the gun industry, a trade group said.
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As U.S. lawmakers drafted a bill extending wind-energy tax credits in August, they revised a key clause that opens the door for a much bigger boost to the industry than just the one-year addition that was eventually passed.
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Leeco Steel LLC’s fortunes rose even during the Great Recession thanks to a single customer: the burgeoning U.S. wind-energy industry.
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A stripped-down wind-energy proposal backed by Maryland’s governor and gaining support in its legislature may be the first step in creating a network of offshore turbines and sub-sea cables spanning the U.S. Atlantic coast.
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Wind-energy companies agreed to buy more parts from U.S. suppliers, and a labor union promised to join in lobbying Congress for a requirement to use more renewable energy.
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Siemens AG and Gamesa Corp. Tecnologica SA plan to export wind turbines from their U.S. factories as domestic demand stagnates before a renewable-energy tax credit expires in December.
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A glut of government-subsidized wind power may help accomplish a goal some environmentalists have sought for decades: kill off U.S. nuclear power plants while reducing reliance on electricity from burning coal.
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