Vestas: Stimulus package a ‘shot in the arm’ for alternative-energy industry, Colorado execs say - by Cathy Procter
“The stimulus package is a shot in the arm,” said Roby Roberts, the senior vice president of external affairs for Vestas, the Danish wind turbine manufacturer that is planning to make Colorado its major manufacturing center in the United States. Vestas last year opened a manufacturing plant in Windsor, north of Denver, to build the giant blades that turn in the wind, generating electricity. The company also has announced plans for two more manufacturing plants in Brighton and Pueblo for other pieces of its wind turbines. And the company’s suppliers are following Vestas to Colorado. A three-year extension in tax credits for producing wind energy, until 2012, is the longest extension the industry has ever had in the United States. The timeline will stabilize the market and open it up to buyers who hadn’t been interested in wind energy before, Roberts said. The package also has tax credits for U.S.-based manufacturing of the equipment associated with renewable energy, Robert said.
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