LOCE Wind and Wave Energy Weblog

The web's first ocean and offshore wind energy weblog. Continuously renewed, like the ocean itself.

Sunday, March 30, 2003

Wind Developers Hope to Start Before Tax Credits Expire

It's a race for time to get these turbines up according to this report article entitled Wind Developers Anxious to Get Job Done. (3/28/03). What's the rush for this coastal project by Community Energy which will provide power to an Atlantic City utility? Federal tax credits for wind projects expire if projects are not in operation by December 31, 2003 which make wind projects more economically attractive. Project developers stated they would need to reconsider the project if it is not in operation by the tax credit deadline and if the tax credits are not otherwise extended.


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