Wind energy – U.S.A.
At the end of last week the U.S. House of Representatives passed the Build Back Better Act, which follows President Biden signing the bipartisan Infrastructure Bill earlier this week.
The Build Back Better Act is the single largest investment in clean energy and contains several provisions that directly impact the offshore wind industry.
The legislation includes long-term clean energy tax credits for manufacturing and development, funding for transmission projects and planning, assistance to rebuild ports, and advances offshore wind in the South Atlantic and U.S. territories.
Liz Burdock, CEO and president of the Business Network for Offshore Wind commented: “The Build Back Better Act includes the most significant federal investments ever in renewable energy and will propel the offshore wind industry forward in the United States. Fully harnessing the incredible potential offered by offshore wind requires a concentrated national industrial strategy that lays out clear clean energy goals, supports manufacturers and small businesses, builds up a workforce, and rebuilds our ports. The Build Back Better Act take significant steps towards this strategy by providing the long-term support that will spark major investments in new factories manufacturing the blades, foundations, and tower that will build the industry.”