Can Offshore Wind Survive the Tax Credit Purge?

Can Offshore Wind Survive the Tax Credit Purge?

It’s been a week of whiplash for offshore wind. On Monday, President Trump lifted his stop work order on Empire Wind, an 810-megawatt wind farm under construction south of Long Island that will deliver renewable power into New York’s grid. But by Thursday morning, Republicans in the House of Representatives had passed a budget bill that would scrap the subsidies that make projects like this possible. The economics of building offshore wind in th…