Q&A with Danny Splettstosser, Vice President, Solar Development at RES Americas

Filmed By: Jen Neville
January 17, 2019

PTC

windThe Wind Power Finance & Investment Summit is widely recognized as the leading gathering place for wind industry deal makers, or as one past event attendee called it – “the highest quality of industry participants on the conference circuit. View the agenda and topics covered here.


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Even as the wind industry is in the middle of a boom driven by the federal Production Tax Credit (PTC), all eyes are on what comes next. Even beyond the PTC phase-out in the early 2020s, the wind market is becoming increasingly complex. Offtaker profiles and preferences are changing, new players are entering the market, state policies are evolving, and technology evolution is shaking up wind’s competitive position vis-à-vis solar.

Delivering on the 2020 Push is one of the topics being discussed in length covering:

The wind industry is marshaling all its resources to deliver projects by the end of 2020—the most important year in the industry’s history. AWEA reports that the pipeline of wind farms under construction or in advanced development exceeds 33GW. Can the industry get it done? How? This session will explore these questions and assess the challenges and the strategies to overcome them in the race to deliver on the 2020 push.

 What strategies are being used for 100% PTC qualification?
 How are developers managing the risks in continuous construction and transformer strategies?
 How are developers managing the risks of getting projects through long interconnection queues?
 Will there be enough demand for the pipeline of projects to find contracts?

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Wind Power Finance & Investment Summit

Danny Splettstosser
Vice President, Solar Development
RES Americas

RES (Renewable Energy Systems), a leader in the development, engineering, and construction of wind, solar, transmission, and energy storage projects in the Americas recently announced that it had completed construction of the Copenhagen Wind project, developed and owned by EDF Renewables. The 80 MW wind project is located in Jefferson and Lewis Counties in upstate New York.

The Copenhagen Wind project is the first wind project that RES has self-performed in the State of New York and consists of 40 Vestas V110 2.0 MW turbines. The construction, which began in 2017, employed over 300 workers at its peak with over 300,000 man-hours of labor completed safely with no lost time injuries in an area that receives one of the highest levels of snowfall in the United States.

Capitalizing on New York State’s ambitions for clean energy development, the project provides an economic investment opportunity as well as an increase in the green jobs quota and is financed through a 15-year PPA with Narragansett Electric Company, a wholly-owned subsidiary of National Grid.

“RES has met the challenge to deliver clean energy to New York head on,” stated Rick Ortiz, RES Senior Vice President of Wind Construction. “We are proud of working alongside EDF Renewables to make clean energy a reality in New York and are particularly grateful to our team that engaged with the local community.”

Danny Splettstosser Policy PTC