Spurred by the impending expiration of a federal tax credit that could be worth $780 million,Cape Wind, the long-sought giant wind farm off the Massachusetts coast, is apparently now under construction. It’s the first major offshore wind farm to begin construction in the United States, but its long-term fate hardly seems a done deal.
Cape Wind, the proposed $2.6 billion wind farm off the coast of Massachusetts criticized by local residents including the Kennedy family, will qualify for a key federal tax credit that expires at the end of the year, according to its turbine supplier Siemens AG. (SIE). Construction of some components has already begun, meeting the requirements for the investment tax credit, said Markus Tacke, chief executive officer of Siemens Energy’s wind power division.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
Bitcoin has dipped below the $100,000 mark for the first time since June, falling more than 20% from its recent…
The recent drop of Bitcoin below the $100,000 mark is more than just a routine market shakeup. It highlights how…
Machine-Learning, (Home) Automation, Robotics, and Space Exploration. Those four areas were the focus of the MARS conference that Amazon hosted at…
Almost every aspect of Apple's hardware is designed in-house, but the actual manufacturing of its hardware is handled by other…
