LOCE Wind and Wave Energy Weblog

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

Friday, August 01, 2003

Cape Wind Hoping for Production Tax Credit

According to this report, Cape Wind Eyes Subsidy, Jack Coleman, Cape Cod Online (7/26/03), the proposed wind production tax credit in the Senate Energy bill would provide Cape Wind Associates with $28 million annually for 10 years once the project's 130 turbines were up and running. Cape Wind president James Gordon admits that the subsidy is critical, explaingin that: "It would be tough to do it without the (production tax credit)," Gordon said.


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