LM Wind grows with US tax credit

LM Wind Power is using a $700,000 federal tax credit to help re-equip and hire 170 workers at its blade plant in Grand Forks, North Dakota.

This will increase employment there to 770 workers by 1 January versus 270 in 2012, according to US Senator Heidi Heitkamp, a North Dakota Democrat, who helped secure the 48C Advanced Energy Manufacturing Tax Credit for LM Wind.

The 48C programme is jointly administered by the US Departments of Energy and Treasury. It provides manufacturers with a 30% investment tax credit.

“North Dakota is already a leader in wind energy production and manufacturing.  And this federal investment will help our state continue to harness our energy resources, while also bringing more good paying, Log in to read complete article.

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