A Holland manufacturer plans to re-energize the wind energy business after receiving word of a nearly $2 million tax credit for the development of innovative composite manufacturing for wind turbine components.
According to excerpts from the story:
Energetx Composites Inc. will receive nearly $2 million in tax credits as part of a federal clean energy technology initiative.
Energetx is an outgrowth of the Slikkers' family Tiara Yachts company. Company leaders want to build on composite manufacturing expertise developed in the boat industry. It formed in 2008 to build turbine components such as blades and nacelles, the housings for the mechanisms.
The tax credits were awarded on a competitive basis and were made available by a provision authored by Sen. Debbie Stabenow, D-Mich., as the Senate Finance Committee considered the American Recovery and Reinvestment Act.
"We are in a race with other countries like China who is spending $288 million a day in developing clean energy technology," said Stabenow.
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