WIND MANUFACTURING COMES BACK IN IOWA, KANSAS

Siemens Restaffing Wind Turbine Manufacturing Facilities In Iowa, Kansas

25 February 2013 (North American Windpower)

“After the uncertain fate of the production tax credit (PTC) led Siemens to lay off approximately 37% of its U.S. wind energy workforce last year, the company is now in the process of restaffing its operations in Fort Madison, Iowa, and Hutchinson, Kan…Although the tax credit has been renewed, Siemens' decision to hire more workers is not a direct result of the PTC extension…”

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“…[T]he company is restaffing in order to produce wind turbine components for projects located outside the U.S……[S]ome of the company’s [upcoming] decisions will be based on the results of further guidance from the U.S. Internal Revenue Service and the Treasury Department on the definition of what constitutes ‘begin construction’ in order for projects to qualify for the PTC…”

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