Sorting out the details of offshore wind compensation plans
Owners of commercial fishing vessels or permits can now sign up for compensation to cover economic losses attributed to the region’s offshore wind installations. Millions in funds are available, but the process can be complicated. Vineyard Wind entered an agreement with Massachusetts in 2020, establishing a $19 million fund to compensate affected fishermen and shoreside businesses that provide goods or services to the fishing industry. But we’ve got the processes explained in simple terms, with step-by-step graphics on the two projects currently underway — Vineyard Wind and South Fork Wind. As for captains and crew, the owners and operators are “strongly encouraged to share annual compensation payments” with them, but the program does not require it. more, >>click to read<< 09:01
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