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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.