by Steven Cuevas, Director of Business Development, AREVA Wind
During the recent RETECH conference in Washington, D.C., I was privileged to host offshore wind industry leaders in a robust and detailed roundtable discussion addressing the latest issues and challenges of offshore wind in the United States.
By including a range of international and domestic offshore wind perspectives, including developers, financiers, industry agencies, state government, turbine manufacturers, and consultants, the group’s discussion explored and brainstormed unique concepts for structuring effective business models and policy.
The experts’ roundtable discussion included:
- Potential impact to loan guarantee programs from recent developments and the potential expiration of the Investment Tax Credit (ITC)
- Investment Tax Credit vs. Production Tax Credit – which better serves offshore wind
- Analysis of the structure of the French offshore wind tender, requiring Developers to create full-wrap consortia to tangibly calculate economic benefits in their bid
- Status assessment of the proposed Maryland legislation – MEA serving as an informational portal for the legislature, summer session winding down, results and next steps to be determined
- How to engage utilities, address balance sheet impacts of PPAs, design innovative funding mechanisms, and address the true costs of energy with a comparative net benefits test
Following the discussion, we all came away with new ideas and a better understanding of this fledgling industry’s opportunity and potential.
Through hosting this event and future discussions, AREVA uses its successful international offshore wind project experience to help advance the industry here in the United States.
Tags: Investment Tax Credit, ITC, MEA, Production Tax Credit, RETECH, Washington D.C.