Up to $7 Million R&D Incentive for Offshore Wind R&D – Specialist R&D Tax Advisors

Up to $7 Million R&D Incentive for Offshore Wind R&D

Up to $7 Million R&D Incentive for Offshore Wind R&D

By SR-US Editor

Posted April 10, 2019

In Energy, General, Industry, R&D Tax Credit

New developments and research to America’s offshore wind energy industry will receive a significant books as the US government will provide up to USD $7 million in funding. The funding will be invested in research on new technologies aiming to reduce the costs for developing offshore projects.

Targeted projects will be looking at reducing time and cost in the implementation of offshore projects. Strategically as this is still a new American industry the R&D Incentive will be critical to its Advancements.

Nils Bolgen, director of Massachusetts Clean Energy Centre said “ this solicitation provides important resources that will help connect our research and testing community with industry players, driving innovation.”

Environment, innovation, offshore energy, wind, Wind power

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