Vestas has clinched an order for components from Longroad Energy Holdings, a development group set up by former First Wind executives and backed by the New Zealand government, that could enable development of more than 600MW-worth of fully PTC-eligible wind capacity.
The deal was done before the end of 2016, allowing projects that use the equipment by the end of 2020 to get 100% benefit from the PTC (production tax credit), which began stepping down from the 1 January this year.
Longroad,
