US ITC phase-out: Which projects can qualify in time?
Which US offshore wind projects may be able to claim the crucial 30% Clean Electricity ITC before it sunsets?
US President Trump succeeded in pushing the so-called Big Beautiful Bill through Congress in time for July 4th, phasing out the lucrative 30% Investment Tax Credit (ITC) implemented by Joe Biden’s Inflation Reduction Act that effectively underpins the business case of most offshore wind projects in the US currently.
But not all is lost for all offshore wind projects in the US. Besides projects already in construction, there could be more offshore wind projects that are still able to qualify for these crucial tax credits in time.
Aegir Insights’ clients have access to a new report on the Aegir Platform, analyzing which projects may be able to meet the deadline.
Reach out to us to learn more about our analysis.
Aegir Newsletter: Stay up-to-date with development in offshore wind and new analysis by Aegir Insights
Delivered straight to your inbox, Aegir Insights' intelligence newsletter will sharpen your market insight with exclusive analysis on key markets, developments, and technologies shaping offshore wind.