Not satisfied with continuing to wreak havoc on Maine's mountain ridgelines, the existing wind power sites may have their lifetime extended by the incentive to "re-power", especially those sites utilizing the old GE 1.5 MW turbines such as Mars Hill, Stetson, and Rollins. According to the article "Now May Be the Best Time to Give Your Wind Turbine a Makeover" in the May 25, 2018 Renewable Energy World newsletter, "Wind farm operators can earn an 11 percent rate of return for replacing turbine nacelles, hubs or rotors this year, and that’s even after a key federal tax break was reduced from last year, according to a report Wednesday from the consulting company ICF Inc." The article indicates that the older wind power sites are among the best candidates for re-powering.
Repowering took off after the Internal Revenue Service in 2016 expanded the pool of projects eligible for the tax break. Prior to that, upgrading “wouldn’t be worth the investment as often,” said Amy Grace, a New York-based analyst at Bloomberg New Energy Finance.
Projects that qualify this year can recapture 60 percent of the production tax credit for 10 years. A question I have is whether or not those projects like Stetson, Rollins, Kibby and Record Hill that received ARRA Sec. 1603 grants (and by doing so forfeited participation in the PTC) will be eligible for PTC by doing a re-powering. If so, the owners of those projects, like the greedy pigs at the subsidy trough they are, will surely do so.
The link to the article is here: https://www.renewableenergyworld.com/articles/2018/05/now-may-be-th...
Rollins Wind site in Lincoln