AWEA hails new PTC construction deadlines

Lori Rugh, pictured at EWEA 2013

Lori Rugh, pictured at EWEA 2013

Wind developers in the US will be able to qualify for the newly extended production tax credit (PTC) if they start construction by the end of this year and connect projects to the grid within two-and-a-half years, says the American Wind Energy Association (AWEA).

“So in 2013, with the new PTC extension, we purposely made sure that in the wording was that instead of having to be connected to the grid, they have to begin construction by the end of 2013. So they have up to 2.5 years to finish the construction and still be able to take up the PTC,” Lori Rugh, senior director of AWEA tells Recharge.

“The PTC has been signed into law and we are hearing that everything else about it has been constructed in the same manner as before. Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login