U.S. Offshore Wind Developers Push For Less Stringent Subsidy Rules ...Middle East

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U.S. Offshore Wind Developers Push For Less Stringent Subsidy Rules
source : OILPRICE ( Middle East ) () 36
Major energy and wind power developers are pressing the U.S. Administration to ease the requirements for subsidy eligibility for offshore wind, saying that the current rules under the Inflation Reduction Act make many investments uneconomical. Orsted, the Danish group leader on the offshore wind market, Norway’s energy major Equinor, and France’s Engie are some of the companies that have told Reuters that the current IRA provisions for tax credits are hampering the swift construction and project development. Under the IRA, projects…

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