Iberdrola: U.S. Risks Killing Its Own Offshore Wind Boom ...Middle East

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Iberdrola: U.S. Risks Killing Its Own Offshore Wind Boom
source : OILPRICE ( Middle East ) () 18
Proposals in the U.S. Congress to tie green tax credits with local content materials risk holding back the American offshore wind sector even before it has started to flourish, a top executive at a major project offshore Massachusetts told the Financial Times. Democrats in Congress have proposed a number of tax credits and incentives for clean energy and electric vehicles (EVs) in the $3.5 trillion spending bill, but the proposals include tying some of the tax credits with the condition that the steel and other materials are produced in the United…

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