Money is everything, said an OEM executive when asked about challenges to the wind industry’s growth. In this period of uncertainty, the comment suggests we take a look at what has worked well in financing wind projects. For instance, Canada has grown its industry with a Feed in Tariff or FIT while the U.S. has relied on recently modified Production Tax Credit.
For a closer look, Errol Halberg with Calgary-based Genivar will discuss how the Canadian FIT works, what it provides the industry, and how it might be adopted in the U.S. wind industry.
Leah Karlov, with from law firm Milbank, Tweed, Hadley, and McCloy discuss recent changes to the Production Tax Credit. Its biggest change has been when construction must start rather than when it must finish. But what defines “start construction?” Karlov will provide insight.