AWEA Supports Extension of ITC for Offshore Wind

Wind Industry Profile of

Two bills introduced in the Senate would extend the offshore wind Investment Tax Credit, drive infrastructure investment, and create American jobs

The American Wind Energy Association (AWEA) issued the following statement in support of two bills introduced in the U.S. Senate this week, which would both extend the federal Investment Tax Credit (ITC) for offshore wind energy. The legislation comes at a critical time for offshore wind in America, as energy developers prepare to start construction on the first wave of large-scale projects. “Without Congressional action, the federal Investment Tax Credit for offshore wind is set to phase out this year—just as the first wave of large-scale offshore wind projects prepare to begin construction,” said Tom... ... More: Official Press Release AWEA

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AWEA, bill, PTC, extension, offshore, wind energy, business, supply, jobs, kickstart, Senate, ITC