09 Dec '11, 7pm

Push Is On To Extend Precious Renewable Energy Tax Credits

Republican lawmakers are using Solyndra to question and criticize federal renewable energy investments in general. "The urgency to renew the PTC and the 1603 program, which expire at the end of 2012 and this year respectively, is not well understood," says Pat Eilers, Managing Director of Madison Dearborn Partners. "The market reality is that wind projects need to target an operational date of September 2012 to obtain tax equity and/or debt financing commitments. Projects scheduled to go active after next September will not be considered by investors as it does not allow enough margin for project delays to meet the end of year deadline to qualify for the PTC. This means that financing needs to be in place and construction started by March 2012. From a practical perspective, the PTC expires in four months. In addition, the ability to use tax credits is highly constrained be...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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