27 Jun '17, 4pm

Massachusetts Regulators Direct Utilities to Shorten Offshore Wind Bid Evaluation Timeline

The DPU said in its order that commenters in the case docket argued that the proposed timeline did not allow developers sufficient time to secure eligibility for the 2018 federal business investment tax credit (ITC), which will be reduced every year until it is phased out in 2020. The DPU concluded that it is in the public interest to approve a timeline that provides sufficient time for the market to develop and offer reasonable proposals, while enhancing the potential for projects to become eligible for the higher 2018 ITC.

Full article: http://www.renewableenergyworld.com/articles/2017/06/mass...

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