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Tag: Feds

Feds Release Final Rules on Clean Energy Tax Credits

April 27, 2024
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| Industry News

Renewable energy project developers now have important clarification about the transferability of clean energy tax credits, as the U.S. Treasury Dept. and the Internal Revenue Service (IRS) released final rules […]

The post Feds Release Final Rules on Clean Energy Tax Credits appeared first on POWER Magazine.

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Feds want to build massive wind farm larger than the City of Houston off the coast of Galveston

July 24, 2022
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| Energy Jobs

Galveston  
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Offshore Milestone as Feds Back Vineyard Wind Project

May 12, 2021
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| Industry News

The post Offshore Milestone as Feds Back Vineyard Wind Project appeared first on POWER Magazine.

The first large-scale offshore wind farm in the U.S. has received the go-ahead from the federal government, with industry insiders saying the milestone decision is likely to spur more rapid development of the nation’s offshore wind projects.

The Vineyard Wind installation, an 800-MW project that will use GE’s Haliade-X turbines, on May 11 received the Record of Decision (ROD) from the U.S. Dept. of the Interior’s Bureau of Ocean Energy Management (BOEM). The ROD is the last major step in the federal review process for Vineyard Wind, a joint venture of Avangrid Renewables, a subsidiary of AVANGRID, and Copenhagen Infrastructure Partners (CIP).

“Today’s Record of Decision is not about the start of a single project, but the launch of a new industry,” said Vineyard Wind CEO Lars T. Pedersen in a statement. “Receiving this final major federal approval means the jobs, economic benefits and clean energy revolution associated with the Vineyard Wind 1 project can finally come to fruition.”…

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