Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe

Nordex Group secures new order in the U.S.

By Michelle Froese | December 13, 2016

By ordering components before year’s end for future wind projects, this developer  ensures top tax credit from the PTC.

An international IPP has signed a contract with the Nordex Group for PTC qualifying components corresponding to a value of $32M. The total volume of the customer’s upcoming U.S. projects, based on this contract, is expected to equate to 15 times the total value of the agreement.

The manufacturer has already begun execution of the order, featuring the AW3000 turbine. This ensures that the customer can obtain the full tax benefit for its wind farms according to the “safe harbor” terms by achieving commercial operation until 2020.

In the U.S. the Internal Revenue Service (IRS) requires wind energy projects to begin in 2016 and to be placed in service in order to qualify for the full Production Tax Credit (PTC) of 2.3 cents per kWh. However, most of execution of the order is expected to take place in 2018.

“A low cost of energy is the key to the success of a project. Apart from the continuous increase in the efficiency of our turbines, basically we therefore help our customers obtain the best possible tax benefit for their projects – as in the present case with the safe harbor solution where we have guaranteed that our customer can obtain the maximum PTC rate,” says CSO Sales & Marketing Patxi Landa.


Filed Under: News, Policy, Projects
Tagged With: Nordex
 

About The Author

Michelle Froese

Related Articles Read More >

Richardson Electronics to deliver pitch energy modules to TransAlta wind fleets
Equinor halts work on Empire Wind offshore project after federal government order
ARESCA wants input on offshore wind standards
US wind market has worst install year since 2013

Podcasts

Wind Spotlight: Looking back at a year of Thrive with ZF Wind Power
See More >

Windpower Engineering & Development Digital Edition

Digital Edition

Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Clip, share and download with the leading wind power engineering magazine today.

Windpower Engineering & Development
  • Wind Articles
  • Solar Power World
  • Subscribe to Windpower Engineering
  • About Us/Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising

Search Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe