UK oil giant BP is considering repowering up to 400MW of its 2.3GW of operating US wind capacity to take advantage of the now-dwindling production tax credit, Bloomberg reports.
In an interview, Laura Folse, the Houston-based chief executive of BP Wind Energy, says the company safe-harboured enough equipment in 2016 to qualify as many as 200MW of repowered turbines for the full PTC, whose value fell to 80% on 1 January for new projects.
Having
