Overview
The average age of US wind turbines continues to rise, opening new opportunities for repower every year, with an estimated annual wind repowering investment of $25 billion by 2030, according to the National Renewable Energy Laboratory (NREL).
Repowering demand is expected to remain steady through 2021 and may increase during 2022 due to the recent PTC extension, as operators take advantage of the 80% tax credit; however, as PTCs eventually decline the fundamental calculations for repower shift. How do repower projects qualify for PTC and what aspects of the financials must shift with lower tax advantages? What advancements could sustain repowering activity for the next decade?
Hear the state of repowering today and predictions for the next decade in this insightful panel discussion, moderated by Partners Lloyd MacNeil and Philip Tingle. Grasp how to finance a repower and also move that power into load centers, while navigating changes in laws and regulations affecting local and regional jurisdictions. The panel will cover these topics and:
- New wind-turbine technology innovation
- Tax equity and finance considerations
- Contract structure of real property agreements
- Environmental and permitting considerations
- Strategies for operating through the PPA expiration
- Integration of storage and other technologies
- Lessons learned from repower to date
