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1-11-12: The Fragile Economics of Offshore Wind
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Offshore wind farm. iStockphoto.
The Maryland General Assembly is debating whether or not to require power companies to help pay for the construction of a billion-dollar-plus offshore wind farm east of Ocean City. The economic viability of offshore wind, however, is threatened by the scheduled expiration of federal tax credits for wind power and cheap natural gas from hydraulic fracturing in the region's Marcellus shale rock formation.
 Contact Tom Pelton at pelton.tom@gmail.com |
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