NJSPL – Key Insights from Early Offshore Wind Implementation

June 10, 2024

By Jessica Parineet

Offshore wind development is in its early stages in the United States, with just under one gigawatt (GW) of utility scale capacity constructed. State decarbonization goals have catalyzed industry progress thus far, however the Biden administration has increased federal support, including a national goal to deploy 30 GW by 2030. The Inflation Reduction Act passed in 2022 is the first federal legislation subsidizing offshore wind, primarily through an investment tax credit that covers up to 40% of costs. Analysis of the offshore wind landscape in the United States can provide useful context for decisionmakers as New Jersey pursues its goal of 11,000 megawatts (MW) by 2040.

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Jersey City Alumni Mixer

Zeppelin Hall Biergarten 88 Liberty View Dr, Jersey City

Join us for an alumni mixer in #JerseyCity on Thursday, June 6th at Zeppelin Hall Biergarten. Parking for Zeppelin Hall is FREE - more information can be found here: https://zeppelinhall.com/map/. This […]