Ensuring Investment Certainty as the PTC Phases Out
(Room Fast Track)
22 May 19
11:45 AM
-
12:10 PM
Tracks:
Finance and Investment
As the wind industry rapidly approaches the inevitable end of the Production Tax Credit, a significant backlog of projects is expected to come online in rapid succession. Developing, designing, and building these projects will pose a major challenge to the industry, as experienced personnel are expected to be overcommitted and overworked, creating a void and leaving a second-tier group of suppliers to complete the work. In this presentation, strategies for ensuring projects remain investible in an environment where contractors, engineers, skilled craft, and other essential personnel are spread thin will be discussed. Multiple examples, based on extensive experience as an owner’s and independent engineer, will be provided to demonstrate how quality and reliability are maintained in this resource-constrained environment. These techniques will be critical to providing investment-grade assets as developers attempt to bring projects online faster, leaner, and in greater volume than ever before.