March 1

Sen. Collins backs tax breaks for offshore wind

The Associated Press

U.S. Sen. Susan Collins of Maine is co-sponsoring a bill to boost offshore wind energy generation, which is being aggressively pursued in the state.

Collins, a Republican, joins Democratic Sen. Tom Carper of Delaware in introducing the Incentivizing Offshore Wind Power Act. A House version of the bill is also being introduced.

The proposals provide financial incentives for investment in offshore wind energy. They seek to extend investment tax credits for the first 3,000 megawatts of offshore wind facilities placed into service, or about 600 wind turbines.

The sponsors say the tax credits are vital for wind energy technology because of the longer lead time for the permitting and construction of offshore wind turbines, compared to onshore wind energy.

Were you interviewed for this story? If so, please fill out our accuracy form

Send question/comment to the editors




Further Discussion

Here at OnlineSentinel.com we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.

Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include:
  • Type of computer or mobile device your are using
  • Exact operating system and browser you are viewing the site on (TIP: You can easily determine your operating system here.)


Most…