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Tag: ptc
Wind Power PTC Safe Harbor Relief Is Coming
The U.S. Department of the Treasury is poised to adjust the current safe-harbor guidelines for both the production tax credit (PTC) and investment tax...
Senators Pen Letter Seeking to Extend Safe Harbor
Six U.S. Senators have written a letter addressed to Secretary of the Treasury Steven Mnuchin seeking to extend the safe harbor provisions provided under...
Global Wind Capacity to Maintain Growth for Next 10 Years
Global wind power capacity additions are expected to maintain an annual 77 GW from 2020 to 2029, according to a newly released report from...
House Passes Bill with Wind PTC Extension Included
The House passed a tax extenders package this week that includes a one-year extension of the production tax credit (PTC) for wind but failed...
GREEN Act Proposes PTC, ITC Extensions
U.S. Rep. Richard Neal, D-Mass., has introduced the Growing Renewable Energy and Efficiency Now (GREEN) Act, which includes an extension of the wind power...
IRS Boosts Wind PTC To Adjust For Inflation
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
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...
Grassley Pleads With Treasury Secretary For Smooth Wind PTC Phase-Out
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,...
Nordex Secures Two PTC-Qualifying Turbine Orders
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...
IRS Issues ‘Beginning Of Construction’ Guidance For Wind Developers
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
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...
To Repower Or To Retrofit: How Does The PTC Affect Wind Owners’ Decisions?
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
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...
Vaisala Helps Xcel Meet 600 MW Rush Creek PTC Deadline
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...
Oklahoma Struggles With The Success Of Its Renewables Tax Policy
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.
Vestas Obtains U.S. Order Calling For 131 MW
Vestas has received a firm and unconditional order for 131 MW of production tax credit (PTC)-qualifying turbine components.
The order includes qualifying components compatible with...
Vestas Selects Mita-Teknik For Controller Upgrades In North America
Vestas says it has signed an agreement with wind turbine control systems provider Mita-Teknik to market controller upgrades for turbines, including the V47 model,...
Report: North America Could Add 75 GW Of Wind Power By 2025
According to MAKE’s latest wind power outlook for North America, unprecedented long-term policy certainty in the U.S., along with a new climate-conscious government in...
ACORE Highlights Strong Showing At National Renewable Energy Policy Forum
At its recent annual National Renewable Energy Policy Forum, the American Council On Renewable Energy (ACORE) says speakers and participants predicted a bright future...
U.S. Senator To Propose Bill To Extend ITC Until 2025
U.S. Sen. Edward J. Markey, D-Mass., has announced his intentions to propose a bill that would extend the investment tax credit (ITC) until 2025...