Controversial New Jersey Offshore Wind Developer Asking For More Lawmakers narrowly advanced fast tracked legislation friday that would give a danish company a multimillion dollar tax break for its offshore wind project, despite objections from republicans who slammed it as “corporate welfare.”. the bill would allow Ørsted, the company approved to build a 1,100 megawatt project 15 miles off the atlantic. 07 07 2023 07:05 am edt. albany, n.y. — developers of new york’s offshore wind projects that the state is relying on to meet its climate targets are asking for increased subsidies from.
New Jersey Governor To Sign Tax Break For Orsted S Offshore Wind Farm Published 2:07 pm pdt, june 27, 2023. trenton, n.j. (ap) — new jersey lawmakers are considering letting danish offshore wind developer orsted keep tax credits that it otherwise would have to return to ratepayers. a state senate committee approved a bill tuesday that would allow orsted to keep federal tax credits to help counter what they. New jersey residents have sued danish renewable energy developer orsted and the state over a tax break the company received to build a major offshore wind farm in the atlantic, claiming the. Oct. 17, 2022: the five turbines of america’s first offshore wind farm, owned by the danish company, Ørsted, stand off the coast of block island, r.i. Ørsted, the winner of two bids to build offshore wind farms off the jersey coast, is pulling out of its projects in a decision with huge ramifications for the state’s clean energy goals. Ocean wind 1 would have been new jersey’s first offshore wind farm — a project 15 miles off the south jersey coast big enough to generate power for a half million homes.
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