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As noted in the other thread, the only good news here is that the trigger for the PTC is the start of construction and no longer the connection to the grid, which will give projects a better chance of reaching the milestone before the next "wind cliff" at the end of the year.

Wind power
by Jerome a Paris (etg@eurotrib.com) on Wed Jan 2nd, 2013 at 04:52:42 PM EST
[ Parent ]
I'm waiting to hear the definition of "commence construction," and for how long you have after you qualify to complete the project.

Most colleagues are saying it will help 2014 project development, and even some help for 2013. But supply chain order books should might be strengthened.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin

by Crazy Horse on Wed Jan 2nd, 2013 at 05:14:31 PM EST
[ Parent ]
I'm getting word that the text references TBD rulemakings from the IRS. Likely months, so less helpful than thought, as decision-making will be deferred by project developers.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin
by Crazy Horse on Wed Jan 2nd, 2013 at 06:23:01 PM EST
[ Parent ]

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