EnergyWatch

US firm announces 600 MW Vestas projects

The former SunEdison CEO, who now works with a new developer, has announced that his company secured the full PTC subsidy for projects worth more than 600 MW. Vestas has confirmed the order.

Photo: Frank Boutrup Schmidt/Vestas

The deadline to secure the full tax rebate under the US PTC scheme ended at the turn of the year. To qualify, the scheme demanded that project developers put forward a small portion of the financing, for example by buying components for the projects they will construct in the coming five years. Now, leading up to 2020, many wind farms will finally begin to emerge.

Vestas is reaping the benefits of the rush to secure the rebate at the end of last year. Developer Longread Energy has announced that it bought turbine components from the Danish manufacturer,  "that would qualify more than 600 MW of projects for 100 percent of the federal production tax credit if such projects are placed in service before the end of 2020."

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs