New Wind Power Legislation in Virginia, Ohio, South Dakota
Sustainable Business – …US Senator Sherrod Brown (D-Ohio) introduced legislation that would advance the installation of offshore wind turbines in freshwater bodies such as Lake Erie.
Brown's new legislation, the Program for Offshore Wind Energy Research and Development (POWERED) Act of 2010, would spur research on potential offshore wind projects, expand incentives for offshore wind development and require the Department of Energy to develop a comprehensive road map for the deployment of offshore wind.
Brown's POWERED Act would expand incentives for offshore wind development by increasing the allowance of renewable energy tax credits for offshore wind under a national renewable electricity standard. This provision is aimed at addressing the higher up-front capital costs of developing offshore wind resources, as well as the strength of wind resources found offshore.
