That tilted the playing field toward companies with large balance sheets, said Gabriel Alonso, CEO of EDP's Horizon Wind Energy, the third-largest wind company in the United States.
said they hire U.S. workers to develop and build their projects.
The success of the program has given then renewed confidence to grow their wind generation in the United States rather than in other countries.
EDP had considered moving funds out of the Horizon unit to Europe or South America, Alonso
said, but the passage of the Recovery Act "completely changed the landscape."
"Not only did we keep all the capital we were planning to invest -- more than $1 billion -- we even brought some turbines from Europe" to the U.S., and lifted spending to $1.5 billion, he
EDP, the fourth-largest wind generator globally, generates about 45 percent of its revenues from its U.S. Horizon unit, he
said, and the company is now looking at projects it can begin building by the end of 2010 and have operating by the end of 2012, both requirements of the Recovery Act.
"We are committed to reinvesting all the money we get from the grant program back into the United States," Alonso