New Jersey governor to sign tax break for Orsted’s offshore wind farm

By WAYNE PARRY
Associated Press

PAULSBORO, N.J. (AP) — New Jersey Gov. Phil Murphy plans to sign a bill giving a tax break to Danish offshore wind developer Orsted for the first of two energy projects it plans to place in the waters off the Jersey Shore. Before the ink is dry on that bill, he will face pressure from another offshore wind company looking for similar assistance. The governor’s office said he would sign the bill, allowing Orsted to keep federal tax credits that it otherwise would have been required to pass along to New Jersey utility ratepayers. Another offshore wind project, Atlantic Shores, also wants government aid for its own project off the southern New Jersey coast.