Offshore wind foes sue New Jersey and Danish turbine developer over tax break
The lawsuit was filed Thursday by two residents’ groups that are opposed to offshore wind projects and three electricity customers from Ocean City who seek to overturn the law. They say it gives Orsted about $1 billion in tax relief for one of the two windmill projects it plans to build off the state’s southern coast. The state Legislature passed a bill allowing Orsted to keep federal tax credits that it was obligated to pass along to ratepayers. In applying for permission to build the project, called Ocean Wind I, Orsted had promised to return such credits to customers. Bruce Afran, a lawyer representing two groups who brought the lawsuit – Protect Our Coast NJ and Defend Brigantine Beach – said the state is not permitted to enact laws that benefit only one party. >click to read< 09:55
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