Senate Bill Expands Offshore Wind Incentives to 2020

Four Senators, including our very own Tom Carper, have introduced legislation that would extend production and investment tax credits for offshore wind power until 2020. The senators claim that the bill will provide greater stability for the offshore wind industry and that they tax credits will encourage greater development during a horrible economic state. According to the Univeristy of Delaware, the winds of the Atlantic Coast have the potential to generate 330 gigawatts of power; which is enough to replace 300 large coal plants and enough to support 9 states from Massachusetts to North Carolina. The NRG Bluewater Wind in Delaware estimates that their efforts could create as much as 1,200 jobs during construction and around 300 jobs after construction for operation and maintenance.

Its good to see our state senator Tom Carper make great strides to encourage companies to invest in clean and stable wind energy; and to see Univeristy of Delaware get in on the action!

http://www.sustainablebusiness.com/index.cfm/go/news.display/id/19911