New “WIND Act” to spur offshore wind energy in the U.S.

By Michelle Froese Senators Edward J. Markey, D-Mass and Sheldon Whitehouse, D-R.I., have proposed legislation that would extend the 30% ITC through 2025.
As Europe now supports roughly 60,000 jobs in the offshore wind sector, U.S. Senators Edward J. Markey (D-Mass.) and Sheldon Whitehouse (D-R.I.) have introduced legislation that would spur the growth of offshore wind energy in America.
The Offshore Wind Incentives for New Development (WIND) Act would extend the 30% Investment Tax Credit for offshore wind through 2025.
Last year’s omnibus bill extended the Production Tax Credit (PTC) and Investment Tax Credit (ITC) for wind until 2019, but because offshore energy development requires longer

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