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Bipartisan Tax Bill Will Accelerate Investment in Offshore Wind Power

Washington, DC – The Incentivizing Offshore Wind Power Act, introduced today by Senators Tom Carper (D-Del.) and Susan Collins (R-Maine), will help spur the investment in and development of offshore wind power. Senators Sherrod Brown (D-Ohio), Ben Cardin (D-Md.), Chris Coons (D-Del.), Angus King (I-Maine), Robert Menendez (D-N.J.), Brian Schatz (D-Hawaii), Jack Reed (D-R.I.), Sheldon Whitehouse (D-R.I.), and Elizabeth Warren (D-Mass.) are original co-sponsors.

“Offshore wind power can create thousands of well-paying jobs and produce gigawatt hours of low-cost clean energy, which is absolutely essential to moving toward net-zero emissions. Extending the Investment Tax Credit will accelerate the momentum behind responsibly sited, built, and operated offshore wind power,” said Collin O’Mara, president and CEO of the National Wildlife Federation. “Thank you to Senator Carper for championing this critical legislation that demonstrates broad bipartisan support for offshore wind energy.”

The bipartisan bill will help developers tap into American resources while reducing harmful pollution, creating thousands of jobs and achieving energy independence.

The National Wildlife Federation is a leading voice in support of responsibly developed and operated offshore wind power. The National Wildlife Federation was a party to a historic agreement to ensure that a new offshore wind power development would protect critically endangered North Atlantic right whales.

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