The Business Network for Offshore Wind joined with a consortium of energy and environmental policy groups to secure the support of U.S. House representatives in coastal states of a House letter that advocates for extending the 30 percent Investment Tax Credit (ITC) to 2025 and providing benefits to the U.S. offshore wind sector.
Today (October 30), the group announced that 166 House representatives signed the Clean Energy letter, providing their support for the extension of the Investment Tax Credit–this exceeded the consortium’s original goal of securing 150 House representatives’ signatures.
“This is a great example of the Network’s ongoing efforts and achievements for the U.S. offshore wind sector,” said Liz Burdock, CEO & President of the Business Network for Offshore Wind. “We shared with each representative the appropriate names of supply chain companies from the 2500 companies in the Network’s data base and that are in their districts and interested in working in the offshore wind sector. The Network contacted 116 reps in 10 states, of which 81 signed on, including all the Democratic House Representatives in Maryland and New Jersey.”
“We are proud to be part of this consortium in support an offshore wind tax credit that could make a huge difference in accelerating offshore wind projects and making them more affordable to ratepayers on both coasts,” added Burdock.
# # #
About the Business Network for Offshore Wind
The Business Network for Offshore Wind is a 501(c)(3) organization dedicated to establishing an offshore wind supply chain in the United States. The Network is focused on delivering education, creating partnerships and advancing the industry. All membership and event proceeds are invested back into supporting the industry by helping the Network continue programmatic education and develop the tools and networks necessary to create a U.S. offshore wind supply chain. The Network hosts the annual International Offshore Wind Partnering Forum (IPF) the leading technical conference for offshore wind in the United States dedicated to moving the industry forward.