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...
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...
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...
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...
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...
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.
