The PCT and its role in the USA

South Dakota is the State selected to install a 300MW wind project by Utility Xcel Energy, supported financially by a lower production tax credit (PTC).

Apel Clean Energy company has been developing the complex called Dakota Range I and II, which will be destined to be the first publically announced wind project to advance under the phase down of federal tax credits.

The project is expected to be fully completed by 2021 and Vestas will be the company chosen for installing these turbines.

Under the five-year phase-out of the support scheme, only projects that met the criteria by the end of 2016 would be eligible for the full $0.023/kWh.

Projects that begin construction this year, or have a certain amount of capital committed, will qualify for 80% of the full credit. This will decrease by a further 20 percentage points each year until 2020.

Source. http://www.windpowermonthly.com/article/1445858/xcel-energy-plans-300mw-lower-ptc-rate