03 Jun '17, 4pm

Green energy is the future wave for progressive environmental protections.

In an effort to continue spurring offshore wind in the country, U.S. Sens. Edward J. Markey, D-Mass., and Sheldon Whitehouse, D-R.I., along with Rhode Island Congressman Jim Langevin, D-2nd District, have reintroduced the Offshore Wind Incentives for New Development Act (the Offshore WIND Act). The bill would extend the 30% investment tax credit for offshore wind through 2025. The 2015 omnibus bill extended the production tax credit and ITC for wind until 2019, but because of the longer planning and permitting times currently needed for offshore wind, the legislators explain, the U.S. Department of Energy has found that no additional offshore wind projects are projected to be able to qualify for these tax credits before they expire. The U.S.’ first offshore wind project, Deepwater Wind’s Block Island Wind Farm , began operations in December after being initiated nearly nin...

Full article: http://nawindpower.com/u-s-lawmakers-band-together-offsho...

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