TRENTON — This morning at 3
a.m. the New Jersey State Assembly passed a wind energy bill, which
would provide $100 million in tax credits for companies manufacturing
components for wind turbines in New Jersey, and a market-based incentive
program for developers of wind farms off of the Jersey coast.
The "Offshore Wind Economic Development Act," is intended to help the
state meet the mandate of its Energy Master Plan, which calls for the
development of 3,000 megawatts of offshore wind by 2020.