A bill to let Danish offshore wind energy developer Orsted keep tax credits that it otherwise would have to return to New Jersey ratepayers was approved by the slimmest of margins in the state Legislature Friday afternoon and went to the desk of Gov. Phil Murphy, a strong supporter of offshore wind farms. The bill to allow Orsted to keep federal tax credits was designed to help counter what lawmakers termed lingering economic effects on the developer from the COVID-19 pandemic and elevated inflation. It applies to Orsted’s first project in New Jersey, Ocean Wind I, which aims to generate enough electricity to power 500,000 homes.
A bill to let Danish offshore wind energy developer Orsted keep tax credits that it otherwise would have to return to New Jersey ratepayers was approved by the slimmest of
Tax break for offshore wind energy developer Orsted narrowly approved in New Jersey Legislature journal-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journal-news.com Daily Mail and Mail on Sunday newspapers.
A bill to allow Ørsted’s Ocean Wind 1 offshore wind farm to keep federal tax benefits that would otherwise go to ratepayers passed the Assembly and Senate Friday afternoon.
Tax break for offshore wind developer Orsted gets blowback in New Jersey Legislature 2news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 2news.com Daily Mail and Mail on Sunday newspapers.