http://www.detnews.com/article/20100107/BIZ/1070369/1448/LIFESTYLE14/Michigan-s-wind-energy-industry-sputters Last Updated: January 07. 2010 1:00AM
Michigan's wind energy industry sputters
Christina Rogers / The Detroit News
Michigan's once fast-growing wind energy industry has begun to lose speed, despite state leaders offering millions of dollars in tax credits to spur growth in this renewable energy sector.
Last year, demand for wind turbines and parts plummeted due to the global financial collapse. And because many wind farm developers lack access to credit, they have put their plans on hold, curtailing orders for Michigan manufacturers making parts for these towering electricity generators.
The slowdown comes as Michigan economic development officials remain committed to growing this fledgling industry and are banking on it to help counter auto industry job losses. University of Michigan economists estimate the state lost 950,000 jobs, or 20.3 percent of its work force, between mid-2000 and last year.Job growth uncertain
State officials say it's too early to tell whether wind suppliers receiving tax credits are delivering on their job growth promises because the agreements give them several years to hit hiring targets.
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