Repowering under the 80-20 provision boosted sales volume in 2016 as asset owners capitalized on extending PTCs generated at their assets.
This Flash Note from Make Consulting analyses production tax credit -qualifying strategies in 2016 and estimates market opportunity size over the next few years. The note discusses turbine and turbine-related equipment orders in 2016 as it relates to market share and opportunity for new firm turbine orders in 2017 and beyond.
Key points include:
- Developers have contracted for 4.5 GW of wind turbine equipment in 2016 in order to qualify for full-value production tax credits (PTCs)
- Project sites that ultimately combine PTC-qualifying efforts will shrink total market opportunity, but additional commercial activity will occur in 2017
- Repowering under the 80-20 provision boosted sales volume in 2016 as asset owners capitalized on extending PTCs generated at their assets
Filed Under: Financing, News
