Archive for ptc

IRS Boosts Wind PTC To Adjust For Inflation

Written by David K. Burton on April 12, 2017

The feds have announced an inflation adjustment increase in wind production tax credits from 2.3 cents/kWh to 2.4 cents/kWh.

EDF RE Makes Big Wind Plans For Next Few PTC Years

Posted by Betsy Lillian on January 30, 2017

In support of its U.S. wind ambitions for 2017-2020, independent power producer EDF Renewable Energy (EDF RE) has so far signed turbine supply agreements to enable the construction of more than 3 GW of new wind projects. The recent agreements [Read More]

Grassley Pleads With Treasury Secretary For Smooth Wind PTC Phase-Out

Posted by Betsy Lillian on January 20, 2017

At yesterday’s confirmation hearing for Steven Mnuchin, now-President Donald Trump’s pick for secretary of the U.S. Department of the Treasury, U.S. Sen. Chuck Grassley, R-Iowa, made a plea for a “smooth transition” of the five-year phase-out of the federal wind [Read More]

Nordex Secures Two PTC-Qualifying Turbine Orders

Posted by Betsy Lillian on December 23, 2016

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 [Read More]

IRS Issues ‘Beginning Of Construction’ Guidance For Wind Developers

Written by Greg Jenner & Kevin Pearson on December 16, 2016

The government agency has released the highly anticipated guidance updating the “beginning of construction” requirement for the production tax credit under Section 45 of the Internal Revenue Code.

Nordex Gets To Work On PTC-Qualifying Wind Order

Posted by Betsy Lillian on December 13, 2016

An undisclosed independent power producer has signed a contract with the Nordex Group for production tax credit (PTC)-qualifying wind components corresponding to a value of $32 million. The manufacturer says it has already begun executing the order, featuring the AW3000 [Read More]

To Repower Or To Retrofit: How Does The PTC Affect Wind Owners’ Decisions?

Posted by Betsy Lillian on December 08, 2016

In order to re-qualify an existing asset, wind owners must invest 80% of its fair market value; this is achieved through repowering or retrofitting.

Oklahoma Senator: Kill State’s Wind PTC In 2017

Posted by Betsy Lillian on November 14, 2016

Oklahoma State Sen. Mike Mazzei, R-Tulsa, wants to do away with the state’s production tax credit (PTC) for wind power. Mazzei, who serves as the outgoing chairman of the Senate’s finance committee, recently addressed the Incentive Evaluation Commission in support [Read More]

Vaisala Helps Xcel Meet 600 MW Rush Creek PTC Deadline

Posted by Betsy Lillian on September 26, 2016

Renewable energy consulting services firm Vaisala has partnered with Xcel Energy to provide due diligence services for the 600 MW Rush Creek Wind Farm. Once completed, the wind farm will be the largest in Colorado, says Vaisala. The project will [Read More]

Oklahoma Struggles With The Success Of Its Renewables Tax Policy

Written by David Burton & Isaac Maron on July 25, 2016

The state, which provides a zero-emissions tax credit representing about 20% of the federal PTC of $23/MWh, is currently facing a depletion of its general revenue fund.