North American Windpower reports that New Jersey Gov. Chris Christie has signed the Offshore Wind Economic Development Act, a bipartisan measure designed to boost economic growth in the state through the development of renewable energy sources and the creation of green jobs.
The legislation will establish an offshore wind renewable energy certification program and will offer financial assistance and tax credits for businesses that construct manufacturing, assemblage and water-access facilities to support the development of qualified offshore wind projects. It also calls for a percentage of electricity sold in the state to be from offshore wind energy. This percentage would be developed to support at least 1,000 MW of generation from qualified offshore wind projects.