Longroad Energy gains tax credit clarity for renewables

Longroad Energy, a subsidiary of Infratil, has received positive guidance from US regulators regarding tax credits for wind and solar projects.

The updated guidance clarifies the criteria for determining when these projects are considered to have started construction, allowing them to qualify for tax credits under the One Big Beautiful Bill Act.

Longroad expects to have qualified over 5 gigawatts (GW) of projects before the Sept 2 deadline and has the option to safe harbour additional projects until July 2026.

The company aims to have an 8.5GW fleet built or in construction by the end of the 2028 financial year.

The guidance provides clear parameters for tax credits and greater certainty in planning and execution, according to Longroad.