Senate Bill Would Spur Investment in Elusive Deepwater Offshore Wind Potential
Deepwater Offshore Wind Incentive Act would provide a tax credit of 3.04 cents per kilowatt of deepwater offshore wind production in the U.S.
Deepwater Offshore Wind Incentive Act would provide a tax credit of 3.04 cents per kilowatt of deepwater offshore wind production in the U.S.
The latest victim of falling demand in the wind turbine industry is Vestas Wind Systems A/S, which confirmed yesterday it will temporarily halt production at a Colorado plant in early 2001 and furlough 500 workers.
Massachusetts Governor Deval Patrick Wednesday announced that electric utility National Grid and Cape Wind, the proposed offshore wind farm, have secured a deal to negotiate for a long-term power purchase agreement.
Despite the economic recession and the resulting slump in the renewable energy sector, the wind energy industry added 1,649 megawatts (MW) of new capacity to the U.S. grid in the third quarter of 2009, a trade association group reported Tuesday.