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Layoffs Finally Hit Wind And Solar

Wind Layoffs

First Posted: 03/07/09 05:12 AM ET Updated: 05/25/11 02:00 PM ET

Green Inc.:

Wind and solar power have been growing at a blistering pace in recent years, and that growth seemed likely to accelerate under the green-minded Obama administration. But because of the credit crisis and the broader economic downturn, the opposite is happening: installation of wind and solar power is plummeting.

Factories building parts for these industries have announced a wave of layoffs in recent weeks, and trade groups are projecting 30 to 50 percent declines this year in installation of new equipment, barring more help from the government.

Read the whole story: Green Inc.

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Filed by Dave Burdick  |