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Senate Finance Committee Votes to Extend the ITC for Offshore Wind

Posted Fri, Apr 4, 2014 by Daniel Hess to investment tax credit, offshore wind

(Photo: Oceana)

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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