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Longroad purchases 600MW PTC qualified wind turbine components

Published 09 January 2017

Longroad Energy has purchased wind turbine components from Vestas American Wind Technology that would qualify more than 600MW of projects for 100% of the federal production tax credit if such projects are placed in service before the end of 2020.

Longroad expects to utilize the components to qualify projects in its own pipeline as well as projects which may be currently owned by other developers or project owners.

Longroad CEO Paul Gaynor said: “Given the increasingly competitive position of wind power in certain markets, this is an important step in creating growth opportunities for Longroad. We look forward to bringing low-cost projects to the market.”

Vestas North America president Chris Brown said: “We are happy to continue our long-standing and successful relationship with the Longroad team.

Over the years, we have sold in excess of $1.5bn worth of wind turbines and are confident that their track record of success will continue.”

Longroad’s principals have been responsible for developing, financing, building, and monetizing nearly 4.0GW of utility scale renewable projects in the US.

This track record includes 25 wind projects comprising 2.3GW of total capacity in various markets and ISOs.



Source: Company Press Release