In this file photo, a wind turbine is assembled at Energy Northwest's Nine Canyon Wind Project near Finley, Wash. (Jackie Johnston/AP Photo)From ABC News Science:
Amid Economic Crisis, Wind Power Spins More Slowly.
On Michigan's "thumb," a broad peninsula whose gusts make it one of the best places in the U.S. to site a wind farm, Noble Environmental Power has erected 30 huge wind turbines -- 16 more will finish the job.
But the project was hit by a financial gale last month when key underwriter Lehman Brothers went bankrupt. With Lehman out, Noble was forced to sell in a hurry. Three more Lehman-financed wind-power projects in New York are also in doubt, according to published reports.
America's credit crisis is shaking up not only smaller alternative energy sectors like solar and geothermal, but also the largest renewable electricity sector -- wind power.
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