Kaydon Corporation (USA; NYSE: KDN; 5251R9N7) has received a $1.8 million tax credit for its Milwaukee, Wisconsin bearing manufacturing facility to produce wind turbine bearings for pitch and yaw control.

The credit is part of the Recovery Act Advanced Energy Manufacturing Tax Credits pool, which totaled $2.3 billion; approximately 180 projects have received awards under the program. The bundle with Kaydon's credit totaled $36 million; all are worth up to 30% of each project's invested value.

The tax credit package is intended to interest U.S. manufacturers in producing "clean" energy related products such as wind turbines.

Kaydon's credit comes at the same time a Spanish company -- Ingeteam -- was awarded $1.7 million a part of a larger package attempting to entice the company to build a wind turbine manufacturing plant in the Milwaukee area. Ingeteam also manufactures solar panels and auxiliary control systems for wind turbines.