# Crowdfunding Launch & IRS Notice Secures Safe Harbor for St. Croix Project | Wind Harvest

- Canonical URL: https://wefunder.com/feed/185057
- Entity ID: wefunder:feed_item:185057
- Published at: 2025-08-25 17:43:33 UTC
- Updated at: 2025-08-26 03:50:09 UTC

## Author
Kevin Wolf

## Subject
Wind Harvest

## Content
We’re excited to share two major updates. First, our StartEngine crowdfunding campaign is set to launch as early as Wednesday. Second, our renewable energy counsel at Climate Edge Law Group has confirmed excellent news that further strengthens the economics of our wind and energy storage projects in St. Croix.With regard to our preferred share offering through the StartEngine crowdfunding platform, early supporters have the opportunity to receive an additional 10% in bonus shares by making a reservation before the offering goes live, which could happen as early as Wednesday.With regard to tax impacts on project financing, on August 15, the IRS released Notice 2025-42, clarifying how wind energy projects can use the tax subsidies that remain in the budget act that passed on July 4. This guidance gives us a clear, achievable path for what now might be five Wind Harvester® projects on St. Croix to qualify under the Physical Work Test Safe Harbor—ensuring the full Investment Tax Credits (ITC) can be secured.Key Takeaways for St. Croix:Safe Harbor by July 2026 – By pre-purchasing turbines and electrical components equal to at least 5% of total project costs, our project companies can lock in Safe Harbor status. This investment would effectively secure eligibility for federal tax incentives while leveraging $300 million or more in development value—supporting more than 30 MW of capacity (approximately 600 Wind Harvesters), along with project infrastructure and substantial battery storage.Four-Year Completion Window – Once Safe Harbor is met, we would have until July 4, 2030 to complete the project while still qualifying for full ITCs.Flexibility to Phase Projects – The IRS Notice gives us the opportunity to advance multiple projects under separate Limited Liability Companies (LLCs), each tied to its own parcel and permits. This structure allows us to phase construction over four years, with each project independently qualifying for tax credits as it is completed. Phasing also supports permitting and environmental review because we demonstrate how effectively island bird species see and avoid our turbines before a large project is installed.Enhanced Project Economics – Achieving Safe Harbor secures eligibility for the 30% Investment Tax Credit (ITC), with 10% “Made in the USA” and, for portions of proposed St. Croix projects, 10% Brownfield bonus credits for turbines installed on polluted land. For example, the first project—planned at 100–140 turbines on the “Coke Dock” peninsula (photo above) with an expected Power Purchase Agreement from Port Hamilton Refining and Transportation—should qualify as a brownfield development. This would allow the project to capture a 50% ITC plus 100% bonus depreciation by early 2027, significantly enhancing project returns.NOTE: U.S. tariffs (including Section 232 steel/aluminum tariffs or Section 301 China tariffs) generally do not apply when importing goods directly into the US Virgin Islands. This is good news for the Wind Harvester blades that come from Germany and the generators that are made in Italy.The Bottom LineThis IRS clarification strengthens our flexibility, security, and timeline—giving us confidence to go full speed ahead. Our St. Croix flagship projects are now positioned to be able to qualify for maximum incentives and serve as the launchpad for additional Caribbean projects.NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE OFFERING STATEMENT IS FILED AND ONLY THROUGH AN INTERMEDIARY’S PLATFORM. AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. "RESERVING" SECURITIES IS SIMPLY AN INDICATION OF INTEREST.Disclaimer on Forward-Looking StatementsYou are cautioned not to place undue reliance on forward-looking statements made here. These statements are based on the current beliefs, expectations, and assumptions of our management and are subject to significant risks and uncertainties that are beyond our ability to predict or control and could cause actual results to differ. These risk factors include, but are not limited to, the risks identified in our current Form C, filed with the SEC. The cautionary language in our Form C regarding forward-looking statements is incorporated herein by reference and applies to the statements in this release.