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New Jersey has passed new legislation to help set up offshore wind farms in its waters.

The Offshore Wind Economic Development Act will set up a program to provide a guaranteed income for companies that build offshore wind farms in the state.

State utilities would be required to buy a proportion of power from offshore wind projects to meet their state renewable energy targets, under an energy certificates program run by the Board of Public Utilities.

The new law also provides $100 million in tax credits to help offshore wind energy developers.

New Jersey is hoping to support at lease 1,100 megawatts of offshore wind capacity through the measures, with hopes of 3,000MW being developed by 2020.

To read the full, original article click on this link: New Jersey adopts law to support offshore wind farms |

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