Wind Energy Stimulus Money Not Creating US Jobs; Most of $2 Billion Going Overseas
Wind Energy Stimulus Money Not Creating US Jobs; Most of $2 Billion Going Overseas
February 10, 2010 /EIN PRESSWIRE/ Despite a nearly $2 billion stimulus investment in wind energy by the US government, the stimulus money for wind energy has created only a handful of new jobs in the US. Instead, a majority of the stimulus money has gone overseas to wind turbine manufacturers, according to a report from the Investigative Reporting Workshop at American University.
The report says that 80% of the stimulus money has created about 6,000 jobs, but only "a couple hundred" have been created in the US. In fact, the American Wind Energy Association states that the US experienced an overall drop in wind manufacturing jobs last year.
Spanish renewable energy company Iberdrola received the most stimulus money, netting $577 million, according to the report. One reason so much money is going overseas is the limited wind power manufacturing infrastructure in the US as only two major American manufacturers -- General Electric Energy and Clipper Wind -- make wind turbines.
Read more about this story at Wind Energy Industry Today:
Latest Washington D.C. Wind Energy news - http://windenergy.einnews.com/washingtondc/
Latest American Wind Energy Association news - http://windenergy.einnews.com/news/american-wind-energy-association
Latest Iberdrola news - http://windenergy.einnews.com/news/iberdrola-wind-energy
Located at http://windenergy.einnews.com, Wind Energy Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest wind energy news from around the world, saving them valuable time they'd spend searching for information. New users to Wind Energy Industry Today can enjoy a no-obligation, one-week free trial.
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February 10, 2010 /EIN PRESSWIRE/ Despite a nearly $2 billion stimulus investment in wind energy by the US government, the stimulus money for wind energy has created only a handful of new jobs in the US. Instead, a majority of the stimulus money has gone overseas to wind turbine manufacturers, according to a report from the Investigative Reporting Workshop at American University.
The report says that 80% of the stimulus money has created about 6,000 jobs, but only "a couple hundred" have been created in the US. In fact, the American Wind Energy Association states that the US experienced an overall drop in wind manufacturing jobs last year.
Spanish renewable energy company Iberdrola received the most stimulus money, netting $577 million, according to the report. One reason so much money is going overseas is the limited wind power manufacturing infrastructure in the US as only two major American manufacturers -- General Electric Energy and Clipper Wind -- make wind turbines.
Read more about this story at Wind Energy Industry Today:
Latest Washington D.C. Wind Energy news - http://windenergy.einnews.com/washingtondc/
Latest American Wind Energy Association news - http://windenergy.einnews.com/news/american-wind-energy-association
Latest Iberdrola news - http://windenergy.einnews.com/news/iberdrola-wind-energy
Located at http://windenergy.einnews.com, Wind Energy Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest wind energy news from around the world, saving them valuable time they'd spend searching for information. New users to Wind Energy Industry Today can enjoy a no-obligation, one-week free trial.
About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.
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