>
Offshore backbone developer makes bid for $100 million in tax credits
The developer of an offshore wind transmission system is seeking to qualify for $100 million in tax credits offered under a New Jersey law aimed at luring manufacturers of offshore wind turbines to the area.
Atlantic Wind Connection, which is aggressively pushing an ambitious plan to create a 350-mile offshore backbone transmission system stretching from New Jersey to Virginia, said its project calls for as many as three interconnections between offshore wind farms and the regional power grid in New Jersey, reflecting a value of approximately $806 million. (Johnson, NJ Spotlight)