Omitting third-party owned offshore transmission assets from key federal incentives could damage the prospects for development of future shared networks or 'meshed grids' for wind power, industry figures warned Recharge.
US Treasury Department guidance issued last month clarified that subsea cables and onshore power treatment facilities are integral parts of an offshore wind generation project, and so are eligible for investment tax credits (ITC) included in the landmark Inflation Reduction Act (IRA).
