Costa, Colleagues call on Treasury Department to Help Accelerate Clean Offshore Wind Energy Projects

WASHINGTON - Congressman Jim Costa joined 36 of his colleagues in a letter to the U.S. Treasury Department calling for federal guidance supporting offshore wind energy projects to facilitate the accelerated growth of clean and safe energy.

“If we are to meet the Administration’s goal to have 30 gigawatts of offshore wind projects in operation off the United States’ coasts by 2030, we need to ensure that current offshore wind projects move forward without delay. The ITC for offshore wind is one of the most important tools the Administration has to accomplish this crucial objective. The ITC, coupled with other powerful new incentives in the Inflation Reduction Act…has the potential to create millions of new jobs in our domestic manufacturing and energy sectors,” the members write the Treasury Secretary.

Read the full letter here.