Vestas has received an order for 28 MW of 4-MW platform-compatible turbine components that qualify for 80% of the PTC value under the bipartisan PATH act that Congress passed in 2015. The PTC qualifying components enable future wind energy projects to be realized.
The long-term PTC phasedown terms set in the PATH act made the wind industry the first energy industry to agree to permanent tax reform, and have resulted in nearly USD $50 billion of investment in the U.S., including the expansion of factories, hundreds of millions of dollars in technology innovation investment and the addition of tens of thousands of jobs across the wind value chain. In 2016, the wind industry added jobs nine times faster than the overall U.S. economy, now, there are more than 102,000 wind industry workers, including the fastest growing job in the U.S. — wind turbine technician.
Wind is the low-cost energy of choice for consumers and companies and delivers millions of dollars in economic growth and jobs to American communities. Each American-made wind turbine supports 30 jobs over the course of its lifetime through the production, supply chain, construction, and operation of the wind projects.
Project and customer are undisclosed at the customer’s request.
Filed Under: Financing, News, Projects