Vestas CEO: U.S. wind energy market to fall 80 percent in 2013

CEO Ditlev Engel said the tax credit, which is critical for financing wind farm projects in the U.S., is unlikely to get extended during an election year, and has led to a rush of activity in the U.S. this year ahead of its expiration.

He provided no further strategy for how the company would handle such a decline other than the plans announced in January to cut another 1,600 U.S. jobs — mostly in its Colorado manufacturing plants — if the tax credit expires.

Vestas employs around 400 in Portland, Its North American sales and service headquarters. It recently moved into its new $66 million headquarters building inside a renovated Meier & Frank warehouse.