Offshore Wind for N.C. News Releases

Raleigh, NC – Today President Obama will sign into law a bill that extends key tax credits for wind power and averts the ‘fiscal cliff.’ The main federal incentives for wind power – the renewable energy Production Tax Credit (PTC) and the offshore wind Investment Tax Credit (ITC) – expired on December 31, 2012, but with today’s new law will now be available for wind power projects that start construction over the next year, allowing for continued growth of North Carolina and American wind power. 

Wrightsville Beach, NC – As the clock ticks down for Congress to extend critical tax credits for wind power, a new report shows that North Carolina is falling behind in the race for offshore wind.

Raleigh, North Carolina — Today, more than 215 environmentalists, conservationists, clean energy advocates, businesses, and local and state officials from up and down the Atlantic Coast united to call for bold action to accelerate the creation offshore wind. The coalition – which included 42 North Carolina signers from major environmental groups and businesses such as The Outer Banks Brewing Station and BN Design – released a letter to the Obama Administration in an effort to show strong support for efforts made to date and to urge continued strong action to develop offshore wind resources along the Atlantic.