And that doesn’t even get into the financing side of the question, which only appears increasingly daunting given Congressional reluctance to maintain incentives for renewable energy development. While much attention has been focused on the expiring production tax credit for wind power, a key priority for the wind power industry ingeneral, the coalition said “offshore wind energy needs a long-term extension of its investment tax credit.”
Sens. Tom Carper (D-Del.) and Olympia Snowe (R-Maine) introduced just such a measure last year – it would continue the 30 percent tax credit for the first 3,000 megawatts of wind placed into service – but have failed to push the legislation to passage.
Skepticism that this new call for action will have much impact is understandable, but at the very least it shows an environmental community united on the necessity to move forward on offshore wind. The range of groups behind the letter was impressive, including national heavyweights like the National Wildlife Federation, Greenpeace, the Sierra Club and the League of Conservation Voters, high-profile regional groups and leaders along the East Coast, and even the New Jersey group Grandmothers Mothers and More for Energy Safety.
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