New Jersey's Offshore Wind Economic Development Act


On August 19, 2010, New Jersey Gov. Chris Christie signed the "Offshore Wind Economic Development Act" (the "Act") into law. The Act amends and supplements the "Electric Discount and Energy Competition Act" (P.L.1999) by creating an offshore renewable energy certificate program and authorizing the New Jersey Economic Development Authority (the "EDA") to provide guaranteed income to offshore wind energy facilities.

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