COVID-19 Pandemic Puts $35 Billion in Wind Energy Investments at Risk, Says Industry Group [The Motley Fool]
SIEMENS AG SPONS ADR (SIEGY)
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Source: The Motley Fool
Scott Levine (TMFProudMonkey) Author Bio A member of The Motley Fool since 006, Scott began contributing content in 0. His focus includes renewable energy, gold, and water utilities. Follow him on . . . Follow @scott86 In one of the latest examples of the havoc that the novel coronavirus is wreaking on the U.S. economy, the American Wind Energy Association (AWEA) -- the national trade association for the U.S. wind industry -- yesterday stated its concerns that COVID-9 will "pose significant challenges to the American wind power industry." According to AWEA's calculations, the disease is jeopardizing the development of approximately gigawatts of wind projects, representing $ billion in investments. Rural communities, where about 99% of wind projects are located, in particular, face considerable risk. The AWEA estimates that rural communities stand to lose about $8 billion in state and local tax payments and land-lease payments to private landowners. In addition, it's estimated that th
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