Nordex Secures Two PTC-Qualifying Turbine Orders

Posted by Betsy Lillian on December 23, 2016 No Comments
Categories : Projects & Contracts

The Nordex Group has signed two new U.S. contracts for turbine components qualifying for the federal production tax credit (PTC).

The components correspond to a value of nearly $65 million, says the German manufacturer.

Nordex has secured one order from a U.S.-based independent power producer that is using safe harbor components for Nordex’s Delta platform. The second order was placed by a European utility for turbine components of the AW125/3000 platform.

According to the safe harbor terms, the orders qualify future projects placed in service by these customers until 2020 for a PTC of $0.023/kWh.

Nordex expects the projects to be executed mainly in 2018 and onward.

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