Congress in early January extended the incentive through this year. To qualify, developers must show projects have “commenced construction” this year rather than the prior requirement of having been “placed-in-service.”
While senior executives from Gamesa, General Electric, Goldwind, Nordex, Siemens and Vestas welcomed the change in a panel discussion here at the American Wind Energy Association's (AWEA) annual conference, they say the industry is still digesting the fine points of how the IRS defines “commence construction.”
The
