Safe Harbor Warehousing

Safe Harbor Warehousing

safe harbor warehousingJust after midnight on New Years Eve 2020, nearly $130 million dollars of Investment Tax Credit (ITC) from commercial and industrial solar projects will be dealt to investors. Taking advantage of the current 30% ITC qualification may be beneficial as the ITC qualification drops to 26% on January 1st, 2020.  To help you receive your investment tax credit in full, Logistics Plus (LP) offers a comprehensive safe harbor warehousing solution, nationwide, to ensure that solar projects won’t fall short of reaching completion. Through our extensive solar experience, beginning in 2009, we are experts in safely handling your modules and accurately capturing the necessary ITC data requirements.

How does a project qualify for Safe Harbor?
1.) A project must be deemed as “started” before the drop in ITC rate with “continuous work”. This means that the project must be started and remain under active construction without interruption in the process.
2.) By investing 5% of the total project cost by midnight of December 31, 2019, you can qualify for the current 30% ITC safe harbor rate.

Planning Ahead
If you plan ahead, the IRS has created legal methods to freeze the 30% ITC rate for future projects that will be completed in 2020, or even a few years beyond. The IRS currently gives an organization four years to complete a safe harbor project, and two years to put it into service. This timeline makes it crucial to select the right safe harbor warehousing partner that will meet all of your projects needs and deadlines.

Safe Harbor Warehousing Solutions
Logistics Plus offers customized Safe Harbor warehousing for just the right size, in just the right place, for just the right length of time. By offering a dedicated team of solar experts, secured facility, customized storage programs, automated inventory control and scanning, trucking access and much more, we are the right partner to manage your solar project.

For additional questions regarding safe harbor warehousing, please contact Michelle Fontaine or Jenny Melgert below.

Michelle Fontaine -Global Sales Manager
michelle.fontaine@logisticsplus.com

Jenny Melgert -VP of Supply Chain
jenny.melgert@logisticsplus.com

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Logistics Plus India Wins 140 MW Solar Logistics Project

Logistics Plus India Wins 140 MW Solar Logistics Project

FOR IMMEDIATE RELEASE

Logistics Plus India Wins 140 MW Solar Logistics Project

800 Containers Being Transported from Malaysia to India for Azure Power

Azure-Power-and-LPERIE, PENNSYLVANIA, November 2, 2015 – Logistics Plus Inc., a worldwide provider of transportation, logistics and supply chain solutions, announced today that its India division has won a major logistics project for Azure Power. As part of the project, 800 forty-foot high-cube (HQ) containers will be transported from the First Solar manufacturing facility in Malaysia and delivered to Azure Power in India.  The end-to-end logistics project will take approximately six months to complete and will provide 140 megawatts (MW) of solar power to the southern region of India.

“We are excited to have been awarded this great opportunity to help Azure Power bring solar energy to India,” said Sundreysh Sarup, Managing Director for Logistics Plus India. “This project is a confirmation of our solar industry expertise and a continuation of our ongoing focus to provide logistics solutions to solar energy companies around the world.”

The new cargo project is one of many that Logistics Plus has handled over the past several years for the solar energy industry. Last year, Logistics Plus worked with another global solar power company on a logistics project to coordinate delivery of three million solar panels to the world’s largest solar panel farm (at the time) in southern California. Earlier this year, Logistics Plus worked on a similar logistics project to manage delivery of solar panels to Central America.

About Azure Power
Azure Power is India’s leading independent solar power producer and offers clean and affordable solar energy to its customers with zero upfront cost and operational expenses. Azure Power’s vision is to prove that solar energy is the most affordable and reliable power generation source for forward-thinking power consumers. The basic purpose of Azure Power is to be the lowest cost producer of solar power in the world. By providing solar energy as a service, Azure Power manages the entire project process for its customers, reduces costs of generating electricity, and provides long term predictable pricing. For more information, please visit www.azurepower.com

About Logistics Plus Inc.
Logistics Plus Inc. provides freight transportation, warehousing, global logistics, and supply chain management solutions through a worldwide network of talented and caring professionals. Founded in Erie, PA by local entrepreneur, Jim Berlin, 20 years ago, Logistics Plus has been repeatedly recognized as one of the fastest-growing transportation and logistics companies in the country. With a strong passion for excellence, its 350+ employees put the “Plus” in logistics by doing the big things properly, and the countless little things, that together ensure complete customer satisfaction and success.

The Logistics Plus® network includes offices located in Erie, PA; Fresno, CA; Los Angeles, CA; San Francisco, CA; Evansville, IN; Detroit, MI; Kansas City, MO; Charlotte, NC; Lexington, NC; Buffalo, NY; Cleveland, OH; Charleston, SC; Greenville, SC; Nashville, TN; Dallas, TX; Fort Worth, TX; Laredo, TX; Houston, TX; Bahrain; Belgium; Canada; Chile; China; Colombia; Egypt; France; Germany; India; Indonesia; Kazakhstan; Libya; Mexico; Poland; Saudi Arabia; Turkey; and UAE; with additional agents around the world. For more information, visit www.logisticsplus.com or follow @LogisticsPlus on Twitter.

Media Contact:
Scott G. Frederick
Vice President, Marketing
Logistics Plus Inc.
(814) 240-6881
scott.frederick@logisticsplus.com

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Erie’s Logistics Plus Brings Sunshine to Southern California

Erie may not be known for delivering sun this time of year, but Erie’s own Logistics Plus is delivering solar power in a big way.  The Mount Signal Solar Farm is the largest solar installation in the world, and Logistics Plus is providing transportation for the solar panels.  The first phase of the $636 million three-phase projects is expected to take 9 months and will convert 1,936 acres of low-yielding farmland into a photovoltaic solar farm near Calexico, California.  The project will employee 950 workers at the peak of its construction, and the total acreage utilized will be 4,500 when all three phases of the project are completed.  A total of 3.1 million solar cells will be transported and installed throughout the project, which will provide electricity to 72,000 households through a 25-year lease agreement with San Diego Gas & Electric.  Best of all, this solar farm will provide this energy without introducing 365,000 tons of carbon dioxide into the environment – the amount produced with fossil fuels.

Logistics Plus was selected for this project because of its expertise in international and domestic forwarding and warehousing.  It is Logistics Plus’s ability to ensure on-time and affordable deliveries that led to their being picked to handle the transportation for this world-class project that will produce clean energy for years to come.
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Pilesgrove Solar

Logistics Plus recently handled all of the “port to door” transportation, warehousing, and transportation management services for the solar farm in Pilesgrove, NJ. The facility will be able to create enough clean energy to power over 5,100 homes and will create over 100 construction jobs. Pilesgrove Solar is the largest PV facility in the northeastern U.S.

For more information on this project and what we can do for the Solar/Renewable Energy sector, please contact Michelle Fontaine.
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