cherrytree group llc logo

Cherrytree Group LLC Blog

RSS Grab the Cherrytree Group Real Estate Blog feed

Get e-mail notifications of new blog posts! Enter email address below.


Delivered by FeedBurner

 

Looking for Offshore Wind Developers in MA and RI

Friday, August 19, 2011

by...Warren Kirshenbaum

The U.S. Department of Interior (DOI), announced a Call for Information and Nominations to develop wind on the Outer Continental Shelf.

Wind developers are invited to submit proposals that identify locations within the designated call area where they would seek commercial leases to develop wind energy projects.

The Call area is off the shores of Rhode Island and Massachusetts -- both states agreed to explore offshore wind development in July 2010. The announcement is part of DOI's Smart from the Start initiative.  Launched in November of last year, the initiative is a coordinated federal-state effort to speed the siting, leasing and construction process of new offshore wind energy projects.

In February, BOEMRE identified four offshore wind areas in Delaware, Maryland, New Jersey, and Virginia and expects to begin the leasing process in those states as early as 2012.

Cape Wind Project -- the first lease for an offshore wind farm in the federal waters of the United States, is now closing in on its construction phase.

The most recent announcement from DOI comes one month after the Incentivizing Offshore Wind Power (IWOP) Act was introduced in the U.S. Senate.

This legislation seeks to provide "the offshore wind industry with enhanced stability by extending investment tax credits for the first 3,000 MW of offshore wind facilities placed into service – which is an estimate of 600 wind turbines."

The tax credits are necessary because of the longer lead time needed to permit and construct offshore wind turbines, relative to onshore wind energy. Developers would have five years to install the offshore wind farm after receiving the tax credit. Companies would not be able to receive other production or investment tax credits in addition to the offshore wind investment tax credit, however.

Original article on Energyboom.com

Comments (0) | Trackbacks (0) | Permalink

1

Recent Posts

Tags

commercial leases federal investment tax credit commercial real estate investment solar installations Brownfields tax credit program, Boston Massachusetts gas station owners tax incentives and credits renewable energy jobs secure capital landfill gas facility solar initiatives fuel cells environmental remediation obtaining capital renewable energy certificates large capital projects EB-5 Regional centers economic development bill, MA develop renewable energy systems tax credits, MA historic tax credit venture capital Chapter 40B explained solar system Massachusetts Brownfields tax credit, Boston film tax credit incentives credit line funding REITS Massachusetts brownfields tax credits, Boston real estate properties tax credits for gateway cities, New Bedford solar projects largest accidental marine oil spill 1603 Treasury Grant renewable energy tax credit historic rehabilitation tax credit, Boston energy production cost of producing renewable energy private equity biodiesel RAO portability of tax credits energy efficiency improvement projects renewable energy tax credtis, Boston engery credit, MA investors in renewable energy financial incentives to develop real estate in MA tax incentive deals movie tax credit historic building tax credit, New Bedford alternative funding sources monetization of ITC, Boston low-income housing tax credits tax-excempt bonds tax credit to spur redevelopment Brownfields tax credt program, Boston rehabilitating historic buildings, Boston historic rehabilitation tax incentives, Boston wind farm tax credit wind power technology production tax credtis, Boston LSPA, Boston investing in real estate in MA borrowing by small businesses real estate tax advantages renewable energy development commercial real estate attorney Boston Marathon Housing Development Incentive Program, Quincy Massachusetts Contingency Plan Historic Preservation Investment Tax Credit loaning money to consumers tax credits REIT industry Massachusetts tax credit program urban redevelpment renewable energy credit investments in solar energy state historic tax credits solar farms HUD insured mortgages state film tax credits, MA wholesale acquisitions brownfields projects, Boston offshore wind new market program devastating environmental damage buy real estate, MA massachusetts BTC program, Boston tax credit broker weak economy geothermal power marine and hydrokinetic, solar investment tax credit private equity offerings, ma solar investment tax credit tax advantages, Boston investment into business sale of a tax credit Gulf Coast victimized wind energy tax credit, Boston film tax credits, MA cleantech capitals Brownfields credits wind power QECBs real estate investment trusts, Boston energy efficient tax deductions tenant representative Massachusetts tax credits ITCs, MA commercial energy tax deductions building improvements new market tax credit small residential properties thayer morgan interivew Broad Medows Salt Marsh new market tax credits brownfields laws community block grants gasoline price fixing Massachusetts Brownfields Tax Credits developing real estate in MA historic preservation tax credits, Boston rural energy for america program renewable engery credit, MA production tax credit, Boston commercial tax credits, New Bedford private equity, MA real estate, Boston brownfields redevelopment, MA The Cherrytree Group geothermal new market capital finance tax credits for environmental clean up, Boston informational technology sale of renewable energy credits historic rehabilitation tax credits, Boston tax breaks BP Gas station owners economically distressed areas wind farm development renewable energy tax credits, Boston Massachusetts film tax credit renewable energy facility wind energy credit biomass facilities renewable energy grants power generation, Boston RI LIHTC tax credits disaster relief, Boston credits Brownfields programs commercial real estate in MA credit for income producing properties renewable energy industry capital funding brownfields Commonwealth Solar Rebate Program historic rehabilitation credits small business loans federal tax credits economic slump community development invest private equity offerings PTC, Boston Massachusetts tax credits on brownsfields developers, Boston, MA making money with commercial real estate extension of BTC, Boston wind power, Boston foreign capital brownfields tax credit, MA MA Brownfields tax credt capital requirements energy systems rehabilitate properties solar ITC Plymouth, MA tax deductions federal tax Credit Massachusetts BTC, Boston rehabilitation of historic buildings, Boston what is Brownfields tax credit, Boston thayer morgan investing in parking lots brownfields tax credits, Boston traditional funding selling tax credits new energy technologies tax incentives tax deductions the difference between tax credits and tax deductions private sector investments private equity' midterm elections The Transactional Law Group - MA renewable energy tax credits REIT historic and low income housing investment tax credits, MA distressed asset investing Commercial Real Estate Loan Amortization Periods partial equity participation Historic credits, RI new housing developments Brownfields tax credt, MA investing in surface parking lots foreign investment new markets investments sydicator of tax credits hydro power commercial tax credit attorney equity polluted sites tax credit, New Bedford renewable energy credits, MA alternate funding renewable energy expensive to produce extending Brownfields tax credit, Boston MGL Ch 21E Brownfields tax credt free up capital equity requirements solar energy credits commercial tax credts, Boston distressed asset investment fund solar energy production news development of the renewable energy industry distressed asset investment fund, ma commercial properties contractors, Boston, MA Former Getty owners tax credit consultant economics of environmental projects construction heat and power Boston Brownfields sites tax credits for development tax planning strategies SREC historic property preservation, Boston commercial commercial building tax deductions destructive oil spill buy commercial real estate, MA rownfields Act commercial tax credit visas for buying homes solar energy array projects solar energy negative environmental effect federal new market tax credits film tax credit Massachusetts state tax credits MA business loans borrow money invest in commercial real estate gasoline market manipulation capped landfills gas station loss of income visas for imigrants depressed and booming markets wind incentive infrastructure investment energy companies real estate projects San Jose solar capacity ITCs BP oil spill federal and state tax credits wind tax credits, Boston brownfields tax credit, CT historic remediation, MA REIT investments investing in surface lots brownfields tax credits workforce development rehabilitation solar energy development investing in apartment projects, MA capital raising questions, MA commercial buildings market rate program, MA renewable energy tax credit, Boston restoration projects Historic tax credits, MA Brownfields Tax Credits, MA LIHTCs tax credit programs, New Bedford trash facility capital line funding engery tax credit, MA Brownfields tax credt, Boston money lending solar energy markets Kirshenbaum Law, Cherry Tree, LLC, Real Estate, MA renewable energy funding tax credits for wind power, Boston Louisianna investment tax credits real estate attorney, ma FERC multi-family apartments production tax credit monetizing your tax credits banking energy tax credits Historic tax credits investing in commercial real estate, Boston 1603 Grant deduction for energy efficient buildings real estate strategy real estate investment, Boston financing solar installations distressed asset sales oil spill non-bank resources for capital funding solar power sale of tax credits Martha's Vineyard green energy projects disaster recovery assisstance, Boston downturn business capital brownfields redevelopment, CT tax credits, RI commercial tax credit program, MA business solar investment tax credit commercial real estate lawyer real estate lawyer, MA asset stripping examine tax credits environmental remediation tax credits renewable energy real estate investment trusts wind production tax credit new market credits Federal Historic Rehabilitation Tax Credit hydro energy production NIMBY not in my back yard build a wind farm Historic credits BTC, Boston market rate housing tax credit, MA RECs list of brownfields sites energy tax credit new york pops renewable energy tax credits, MA renewable energy, MA boycotting BP gas stations Rhode Island renewable energy, Boston tax credit programs renewable energy credits motion picture tax credits citizens housing and planning association Seattle state tax credits CHAPA Historic rehabilitation tax credits Transactional Law Group sources of funding qualified energy conservation bonds BTC program, Boston finance laws of Brownfields tax credits to fix up historic buildings state tax credits, MA renewable tax credits, Boston solar power project development film credits, MA REAL program community development financial institutions historic rehabilitation tax credit real estate business asset outsourcing clean energy residential real estate investment tax credtis, Boston renewable resources investment objectives transfer of tax credits community development entity federal energy regulatory commission invest in development projects real estate deals Housing Development Incentive Program, MA financing federal government tax advantaged development NYC tax credits SRECs solar pilot program selling tax credits for cash tax credit syndication wind tax credit hedging transactions capital income tax credit expensive to produce remedy operation status private investments community rehabilitation Massachusetts Ballot Questions, Question 2 Explained solarize Massachusetts residential properties multi-family housing, MA Cape Wind real estate investments independent gas station owners state and federal tax credits, Boston Chapter 40B vote results commercial tax credits, MA preservation of mills historic preservation tax credit investing in apartments, MA PTC environmental projects low-income neighborhoods monstrous oil spill New Markets Tax Credit, Boston methods of renewable energy production value-added services energy efficient property affordable housing real estate development business investment solar power initiative Brownfields tax credit, Massachusetts invest in real estate sustainable technology american recovery and reinvestment act brownfields tax credit, Boston tax credits, Boston American Recovery and Reinvestment Act of 2009 - Section 1603 Historic tax credits, RI monetize a renewable energy tax credit, Boston historic rehabilitation, Boston multitude of renewable resources commercial real estate investments solar energy properties Massachusetts brownfields tax credits, MA low income housing tax credits tax relief massachusetts non-profit more control over financing costs declining property values tax credits to help economy tax credt 40B credited with spurring upwards of 80% new development wholesale energy commercial real estate Massachusetts historic rehabilitation tax credit cleantech raising capital, MA Historic rehabilitation tax credits, MA Cape Cod Chicago recession tax credit sydication EPA brownfields grant money historic tax credits, Boston Brownfields Act, economically distressed areas, Massachusetts Brownfields Tax Credits, Massachusetts Contingency Plan, MGL Ch 21E, RAO, remedy operation status, renewable energy, sale of tax credits, tax advantaged development, tax credit syndication, tra Quincy, MA new normal wind energy tax credit tax credit investments commercial tax credits power generation, MA permitting procedure development in Massachusetts Massachusetts brownfields tax credit renewable energy program renewable energy incentives Fim Tax Credits small business federal low income housing tax credit equity investments clean technology solar facilities Brownfields Act, MA wind subsidies solar investment tax LIHTC commercial tax credits, Lowell wind engery tax credit, MA office space tax credits speaker series EB-5 solar power development wind energy credits commercial tax credits, Boston film tax credit money, MA Business Financing green standards cleantech cities EB-5 Green Card Program debt-service commercial real estate owners green energy economy microturbines construction jobs brownfields tax incentives, Boston Tax Credit San Francisco build green RECs, MA brownfields, CT brownfields, MA real estate lawyer deepwater horizon oil spill commercial tax credits, Fall River brownfield cleanup program real estate attorney converting tax credits to cash, MA Quincy Broad Medows Salt Marsh multi-family construction brownfields Credits, MA foreign investors brownfields tax credit historic preservation tax credit, Boston new markets tax credits converting tax credits to cash expiring tax credits brownfield redevelopment, CT NMTC Brownfields program, Boston REITs, Boston solar renewable energy credits preservation of historic buildings business historic rehabilitation brownfields projects, MA Brownfields sites, MA Austin economic growth cherrytree group llc private equity offerings venture development capital MA renewable energy tax break how REITs works non-renewable energy sources Housing Development Incentive Program developing real estate, MA ITC, Boston investments wind distressed asset investment brownfields redevelopment fuel cell initiatives capitalism Summertime Economy in Boston Warren Kirshenbaum Fim Tax Credit revenue global energy demand new markets Kirshenbaum Real Estate distressed assets investing in commercial real estate hydro electric power american symphony orchestra film tax credit, Boston biomass power new markets tax credit program BTC, Massachusetts renewable energy projects historic preservation tax incentives, Boston renovation projects private sector investment

Archive

Disclaimer

This Blog is made available by the lawyer publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and the Blog publisher. The Blog should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.