in News Departments > New & Noteworthy
print the content item

In a deal that highlights the importance of the production tax credit (PTC), Vestas has received a 60 MW order from affiliates of Renewable Energy Systems Americas Inc. (RES Americas) to be used for wind energy projects in the U.S. Ultimately, Vestas says it could supply RES Americas up to 610 MW.

Details about the projects' names and locations were not disclosed. However, Vestas says each project will use its V100-2.0 MW turbine, and deliveries and commissioning are expected to occur in 2014 and 2015.

“We are very pleased to have finalized this agreement with Vestas,” says Susan Reilly, president and CEO of RES Americas. “This is a great example of how the ‘start of construction’ language in the current production tax credit for wind energy is generating increased spending and creating U.S. manufacturing jobs.

“This purchase, which we expect to increase as these projects move forward, would not have occurred but for the decision Congress made to qualify any project that starts this year,” Reilly continues.

Chris Brown, president of Vestas’ sales and service division in the U.S. and Canada, agrees that the PTC plays a crucial role in the wind sector.

“Transactions like this underscore the value delivered by the production tax credit and the importance of extending it beyond its current expiration at the end of 2013,” comments Brown. He adds that Vestas’ U.S. manufacturing facilities will be producing the wind turbines for the RES deal.

Vestas previously worked with RES to supply 139 V90-1.8 MW turbines for the Cedar Point wind energy project. Located near Limon, Colo., the wind farm became operational in 2011.




Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934