A juxtaposition between events ending 2012 in the US, and those in Ontario.
Wasn't the Korean Consortium supposed to have 4 plants running in Ontairo by now as part of it's sweatheart deal with the government?
While 3 of those plants exist (with less than anticipated employment), the fourth remains a promise - promised again in July 2012, with, most recently, London politician and maligned Minister of Energy Bentley noting in November that the plans are still "on track."
Shunted aside to a forgotten area of a forgotten depot - but on track.
All over the country, developers are in a sprint to get new wind farms up and running before Tuesday, when the federal wind production tax credit will disappear like Cinderella’s ball gown. After that, the nation’s wind-farm building will be at a virtual standstill.The entire article can be read at NYTimes.com:
The stakes of meeting the deadline are enormous. Wind turbines that are connected to the grid and in commercial service before midnight on New Year’s Eve are entitled to a 2.2 cent tax credit for each kilowatt-hour they generate in their first 10 years, which comes out to about $1 million for a big turbine. As it stands now, those that enter service on Jan. 1 or later are out of luck.
The deadline is a bit like the April 15 one for filing income taxes, but “there are no extensions here,” said Paul Copleman, a spokesman for Iberdrola.
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