Tri Global qualifies 1.52GW for PTC

Tri Global Energy has qualified 1.52GW of generation capacity at seven planned community-based wind projects in Texas for the federal production tax credit (PTC), the Dallas-based developer tells Recharge.

The incentive expired at the end of 2013. Still, projects were able to qualify benefitting from the provision that allows work of a “significant nature,” and 5% of their cost to have been incurred by 31 December 2013. Thereafter, a project is required to show “continuous construction.”

Most projects that did qualify will be built this year and in 2015, with the balance expected to get done in 2016.

Tri Global says PTC-qualified capacity is less than planned capacity at six of the seven wind farms. The company has more than 640,000 acres (2,590sq km) of land in West Log in to read complete article.

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