The Inflation Reduction Act of 2022 (the “IRA”) made significant changes to expand and restructure the renewable energy incentives provided by the Production Tax Credit (the “PTC”).
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As offshore wind farms get larger turbines, there is a need for designs that enable easy construction of foundations. A design from the oil industry could help.
The parties have now signed the jackets fabrication contract, by which Samkang M&T will supply a total of 52 jackets foundation to Hai Long by December 2024.