Massachusetts Energy Secretary Reacts to Federal Guidance for Offshore Wind Industry

Massachusetts Energy and Environmental Affairs Secretary Rebecca Tepper expressed optimism regarding the recently published federal guidance for the offshore wind sector.

Tax Credit Expansion

Tepper highlighted that the U.S. Treasury Department has broadened the qualification criteria for bonus tax credits under the Inflation Reduction Act.

Consumer Benefit

She emphasized that these tax incentives play a crucial role in driving down the costs of offshore wind energy for consumers.

Bidding Process

The Massachusetts Department of Energy Resources is in charge of managing the competitive bidding process for the state’s upcoming fourth round of offshore wind solicitation, set to kick off post the development proposals deadline on Wednesday.

By Jim McCabe, CapeCod.com NewsCenter