Tax Breaks, Major Investments, and New Wind Farms
The Port Esbjerg has entered into a cooperation agreement with PensionDanmark under which the port will receive DKK 5.8 billion (about EUR 779 million) for the construction of facilities for the production of offshore wind turbines.
Skyborn Renewables has submitted a permit application to the Swedish government to build the 2,800 MW Fyrskeppet offshore wind farm north of Örskar in Uppsala County, about 50 kilometres off the coast.
New Jersey Governor Phil Murphy has signed a bill that will ease Ørsted ’s tax obligations related to the 1.1 GW Ocean Wind 1 project, the state’s first offshore wind farm and the largest so far approved for construction in the US. Atlantic Shores Offshore Wind, a joint venture between Shell and EDF Renewables North America which is also developing offshore wind projects in the state, has called for “an industry-wide solution” instead of a bill meant to support a single developer.
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Energy Transition & Decarbonization Consultant - Offshore & Onshore Wind, HVDC, Blue/Green Ammonia, Blue/Green Hydrogen, Lithium, Combined Cycle/Cogen Power and LNG Projects globally.
1ySupply chain participants should also get some share of such credit if they demonstrate the use of renewable energy during manufacture of the components used in offshore wind project.
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
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