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Offshore Wind Farms - June 14th Deadline to File with BPU
Release Date: May 29, 2011
Companies hoping to build wind farms in New Jersey waters have until June 14th to file an application with the Board of Public Utilities.
In August, Governor Christie signed the state's Offshore Wind Economic Development Act, which established financial incentives and tax credits for companies that build manufacturing, assembly, or water-access facilities in New Jersey, or provide support services to qualified offshore wind
projects.
The law also established a renewable energy certificate incentive program for offshore wind-power developers, and created a new requirement to generate at least 1,100 megawatts of offshore wind generation capacity here.
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