The Race Is On For Offshore Wind

Law360, New York (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.

The act directs the New Jersey Board of Public Utilities (BPU) to set regulations relating...
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