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Triple Pundit is an innovative new-media company for the business community that cultivates awareness and understanding of the triple bottom line. We provide expert editorial coverage and group discussions on sustainable business in the 21st century.
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Last week the American wind industry got a bit more turbulent after Siemens announced plans to lay off 615 workers in its plants in Iowa, Kansas, and Florida. Siemens is not alone – similar cuts, as the New York Times reported, are happening throughout the American wind sector – almost 1,700 employees have received pink slips industry-wide.

There are various reasons for these layoffs, from low natural gas prices to slow growth in energy demand because of the recession. Yet, the main reason seems to be the uncertainty about the extension of the wind production tax credit, which is supposed to expire by the end of this year.