Timing Is Everything: Otter Tail To Go Red

Updates

August 23, 2012: from an August 8 story -- headline: Wind power company announces closures day after Reid's clean energy summit. 

The day after the Senate Majority Leader Harry Reid’s held his annual Clean Energy Summit in Las Vegas, wind power manufacturer DMI Industries said it will close two of its wind tower factories by the end of the year, laying off a combined 384 workers in Oklahoma and North Dakota.

I wonder if DMI was the keynote speaker for the conference?

No matter how they spin the story, wind energy cannot succeed without huge help from the government.

Original Post

Link here.

Otter Tail Corp. is negotiating to sell its North Dakota-based wind tower manufacturing company for $20 million, leaving the future of nearly 400 workers uncertain.

Minnesota-based Otter Tail has not identified the potential buyer for the DMI Industries Inc. plants, property and equipment in West Fargo, ND [216 employees], and Tulsa, OK [167 employees].

[A company spokesman said] there has been a reduced demand for wind towers in part because of uncertainty surrounding the future of a federal tax break for wind energy.

DMI Industries was founded in 1978. 

Wow.