Senators Introduce Bipartisan Legislation to Spur Offshore Wind Industry

Aug. 1, 2017

U.S. Senators Tom Carper (D-Delaware) and Susan Collins (R-Maine) introduced the Incentivizing Offshore Wind Power Act, which would provide financial incentives to encourage investment in offshore wind energy. This bipartisan bill would create an investment tax credit that is redeemable for the first 3,000 megawatts of offshore wind facilities placed into service, amounting to approximately 600 wind turbines.