Longroad Energy Holdings LLC has purchased Vestas wind turbine components that will qualify more than 600 MW of U.S. projects for 100% of the federal production tax credit (PTC) if they are placed in service before the end of 2020.
Longroad expects to use the components to qualify projects in its own pipeline, as well as projects that may be currently owned by other developers or project owners.
Founded in 2016, Longroad Energy Holdings LLC is focused on renewable energy project development. The company also provides asset management and operations services.
“Given the increasingly competitive position of wind power in certain markets, this is an important step in creating growth opportunities for Longroad,” says Paul Gaynor, CEO of Longroad. “We look forward to bringing low-cost projects to the market.”