Law360 ( July 14, 2010, 11:08 AM EDT) -- Both houses of the New Jersey legislature overwhelmingly passed the Offshore Wind Economic Development Act (S-2036 and A-2873) on June 28, 2010. The act creates a robust package of financial incentives for offshore wind development and sets a target of 1,100 megawatts of wind generation off of New Jersey's coast. New Jersey is among a handful of states in the running to incentivize and complete the nation's first offshore wind development....
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