AWEA's Gramlich: Developers must stake capital to qualify for PTC safe harbor

10/6/2013 | SNL Financial (free content)

Rob Gramlich, senior vice president for policy at the American Wind Energy Association, tried to address concerns of some Republican lawmakers during a House subcommittee hearing last week that the open-ended nature of the wind-energy Production Tax Credit's safe-harbor provision might lead to abuse. "You should be assured that under either the safe harbor or the physical work [test], significant investment, to the tune of millions and millions of dollars for a wind project, will be needed and committed to and payments begun by the end of this year in order to qualify," Gramlich told the lawmakers.

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