N.J. Assembly green-lights wind energy incentive bill

offshore wind turbine installation

BETSY LILLIAN / NORTH AMERICAN WINDPOWER – A bill aimed at providing incentives for companies exploring wind energy development cleared the full New Jersey Assembly on Monday by a vote of 54-15-1.

The bill, A.1899, would amend the Offshore Wind Economic Development Act to expand the definition of “wind energy zone” to include property located in the project area of the “Portfields Initiative,” designated as a portfield site by the Port Authority of New York and New Jersey and the New Jersey Economic Development Authority (EDA) and within a county of the second class with at least 700,000 residents (Middlesex County).

This amendment would allow the EDA to provide tax credits for qualified wind energy facilities located in this area, according to the New Jersey Assembly Majority Office …

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