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Thursday, December 4, 2014

U.S. House backs tax break crucial to wind turbine makers

Wind turbines are seen in Palm Springs COPENHAGEN (Reuters) - The U.S. House of Representatives voted on Wednesday to renew a package of temporary tax breaks, known as the "extenders", including a wind production tax credit (PTC) crucial for turbine makers such as Denmark's Vestas. The PTC will be extended for one year retroactively for 2014 if the Senate and President Barack Obama concur. "People were expecting a two-year extension, so this is less than expected," Nordea analyst Patrik Setterberg said in a note to clients. ...




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