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Wind power bill goes to N.J. Legislature

Legislation to promote development of offshore wind power for New Jersey was released today by an Assembly panel and is due to be voted on by both the state Senate and Assembly on Monday. The legislation known as the Offshore Wind Economic Development Act establishes an offshore wind renewable energy certificate program.

Legislation to promote development of offshore wind power for New Jersey was released today by an Assembly panel and is due to be voted on by both the state Senate and Assembly on Monday.

The legislation sponsored by Assemblymen Upendra Chivukula and John Burzichelli, known as the Offshore Wind Economic Development Act establishes an offshore wind renewable energy certificate program and authorizes the Economic Development Authority to provide up to $100 million in tax credits for wind energy facilities.

New Jersey was recently among 10 states to sign an agreement establishing an Atlantic Offshore Wind Energy Consortium to help facilitate federal-state cooperation for commercial wind development on the Outer Continental Shelf off of the Atlantic coast.

The bill would direct the Board of Public Utilities to develop an offshore wind renewable energy certificate program, similar to the existing solar renewable energy certificate program, to require that a percentage of electricity sold in the state be from offshore wind energy to support at least 1,100 megawatts of generation from qualified offshore wind projects.

The bill was unanimously released by the Assembly Budget... more [truncated due to possible copyright]  

Legislation to promote development of offshore wind power for New Jersey was released today by an Assembly panel and is due to be voted on by both the state Senate and Assembly on Monday.

The legislation sponsored by Assemblymen Upendra Chivukula and John Burzichelli, known as the Offshore Wind Economic Development Act establishes an offshore wind renewable energy certificate program and authorizes the Economic Development Authority to provide up to $100 million in tax credits for wind energy facilities.

New Jersey was recently among 10 states to sign an agreement establishing an Atlantic Offshore Wind Energy Consortium to help facilitate federal-state cooperation for commercial wind development on the Outer Continental Shelf off of the Atlantic coast.

The bill would direct the Board of Public Utilities to develop an offshore wind renewable energy certificate program, similar to the existing solar renewable energy certificate program, to require that a percentage of electricity sold in the state be from offshore wind energy to support at least 1,100 megawatts of generation from qualified offshore wind projects.

The bill was unanimously released by the Assembly Budget Committee.


Source: http://www.nj.com/business/...

JUN 25 2010
http://www.windaction.org/posts/26910-wind-power-bill-goes-to-n-j-legislature
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