1. OFFSHORE WIND:
With advance of tax credit and OCS leases, optimism builds in nascent U.S. industry
Officials in the offshore wind industry are cheering a series of moves by Congress and federal agencies that have raised hopes that wind farms could soon sprout in U.S. waters. While construction of the first turbines off the Eastern Seaboard is likely years away, industry officials say the Senate Finance Committee's decision this month to extend the investment tax credit, combined with continued approvals of projects and lease areas from federal agencies, has sent a strong signal to potential investors. Go to story #1