Business Network for Offshore Wind emphasizes the importance of offshore wind Investment Tax Credit (ITC) extension in clean energy tax package
Statement from Liz Burdock, CEO & President of the Business Network for Offshore Wind in response to the clean energy tax package released today by the House Ways and Means Committee.
Today the House Ways and Means Committee released a comprehensive clean energy tax package that includes a five-year extension of the 30% Investment Tax Credit (ITC) and extends benefits to the U.S. Offshore Wind sector.
More Headlines
- Schneider Electric Announces BayWa r.e. Solar Trade as U.S. Distributor for Schneider Home Solutions
- TÜV SÜD at Intersolar Europe 2025
- Exide Technologies to showcase comprehensive Energy Storage Solutions portfolio at ees Europe 2025
- SolarDuck achieves ISO 9001 certification
- Sales Focus Inc. Engages Renewable Energy Leaders at RE+ Southeast 2025
"I applaud the committee for including extending the 30 percent ITC and providing benefits to the U.S. offshore wind sector. This is a critical time for the U.S. offshore wind industry with over 8000 MW of offshore wind currently under development. The ITC is a key incentive that will support development of these projects and build out a $1 trillion industry over the next twenty years," said Liz Burdock, CEO & President of the Business Network for Offshore Wind.
"As we await the go-ahead from federal regulators, Congress now has an opportunity to support this proven, utility-scale clean energy technology that effectively combats climate change. It's imperative that an extension of the ITC which includes offshore remains a priority in their end-of-year negotiations in order to support the thousands of domestic supply chain companies ready to work in the growing U.S. offshore wind sector."
###
About the Business Network for Offshore Wind
The Business Network for Offshore Wind is the leading 501(c)(3) nonprofit organization solely focused on developing the US offshore wind industry and advancing its supply chain. We are not a trade association of many voices; we are one leading voice for the offshore wind business community, in the states, at the federal level, and globally. We bring together developers, policymakers, academia, global experts and hundreds of member businesses for critical discussions and unprecedented networking opportunities. We empower our members with the education, tools, and connections necessary to participate in this booming industry. For information on joining, see www.offshorewindus.org/about-us/join/
Featured Product
HPS EnduraCoilTM Cast Resin Medium Voltage Transformer
HPS EnduraCoil is a high-performance cast resin transformer designed for many demanding and diverse applications while minimizing both installation and maintenance costs. Coils are formed with mineral-filled epoxy, reinforced with fiberglass and cast to provide complete void-free resin impregnation throughout the entire insulation system. HPS EnduraCoil complies with the new NRCan 2019 and DOE 2016 efficiency regulations and is approved by both UL and CSA standards. It is also seismic qualified per IBC 2012/ASCE 7-10/CBC 2013. Cast resin transformers are self-extinguishing in the unlikely event of fire, environmentally friendly and offer greater resistance to short circuits. HPS also offers wide range of accessories for transformer protection and monitoring requirements.
