DOE Gives Huge Boost to Clean Energy by Awarding Nearly $150 Million to Three Offshore Wind Projects
The promising future of a thriving domestic offshore wind industry moved one step closer to reality yesterday when the Department of Energy (DOE) selected three offshore wind demonstration projects, including a floating wind project on the West Coast, to receive $47 million each to help the projects deploy and begin delivering clean electricity by 2017.
The Senate Finance committee gave a strong bipartisan show of support for domestic offshore wind energy yesterday by voting to extend the critical investment tax credit. This vote resurrects a crucial incentive for this nascent clean energy industry and offers a great chance to catapult the industry into the mainstream and allow companies to plan successful projects that take advantage of the nation’s vast offshore wind potential.
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