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Published 1 month ago

Offshore Wind Auction Yields Large Project for New London, as Feds Promise Tax Credits

Summary by Ground News
Four companies submitted bids on Wednesday for offshore wind projects that would generate 5,455 megawatts of power for the region. One of the bids proposes the largest offshore wind project to be built out of New London's State Pier. The projects got a boost from a federal tax ruling and the first multistate auction in the country, with Connecticut, Massachusetts and Rhode Island taking part.

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