Senate Bill Expands Offshore Wind Incentives to 2020

US Senators Susan Collins (R-Maine), Tom Carper (D-Del.), Olympia Snowe (R-Maine), and Sherrod Brown (D-Ohio) introduced legislation that would extend production and investment tax credits for offshore wind power until 2020.

The Carper-Snowe-Brown-Collins Offshore Wind Bill would provide the offshore wind industry greater stability, because of the long lead times required to permit and construct wind turbines offshore, compared to onshore wind energy.

Offshore wind includes any wind turbine located in the inland navigable waters of the United States, including coastal waters and the Great Lakes.

"Guaranteeing these tax incentives through 2020 will provide companies with the certainty they need to plan for the long term and encourage further development even in these challenging economic times. This support will allow companies like NRG Bluewater Wind to continue to invest in clean, stable wind energy off our nation’s shores in places like Delaware." Senator Carper said.

According to the University of Delaware, the winds off the Atlantic Coast have the potential of generating 330 gigawatts (GW) of power. That is enough power to replace about 300 dirty, large coal plants and enough power to support nine states from Massachusetts to North Carolina.

A number of proposed offshore wind projects are moving through the development process–including projects in Delaware, Rhode Island, and New Jersey. Projects have also been discussed off the shores of Maine and the Great Lakes states.

In Delaware, NRG Bluewater Wind has estimated it will create 1,200 wind jobs during construction–and approximately 300 jobs for operation and maintenance throughout the life of the project.

Senators Carper, Snowe, Brown and Collins said they are also working on additional legislative measures to support and expand emerging offshore wind initiatives.

(Visited 6,059 times, 7 visits today)

Post Your Comment

Your email address will not be published. Required fields are marked *