Iberdrola: U.S. Risks Killing Its Own Offshore Wind Boom

Proposals in the U.S. Congress to tie green tax credits with local content materials risk holding back the American offshore wind sector even before it has started to flourish, a top executive at a major project offshore Massachusetts told the Financial Times. Democrats in Congress have proposed a number of tax credits and incentives for clean energy and electric vehicles (EVs) in the $3.

5 trillion spending bill, but the proposals include tying some of the tax credits with the condition that the steel and other materials are produced in the United…