New Jersey : Apna Punjab Media : Opponents of offshore wind projects are suing New Jersey and the Danish wind energy developer Orsted over a lucrative tax break the state approved for the company, saying it is illegal because the law was written to benefit only one entity.
The lawsuit was filed Thursday by two residents’ groups that are opposed to offshore wind projects and three electricity customers from Ocean City who seek to overturn the law. They say it gives Orsted about $1 billion in tax relief for one of the two windmill projects it plans to build off the state’s southern coast.
The state Legislature passed a bill allowing Orsted to keep federal tax credits that it was obligated to pass along to ratepayers. In applying for permission to build the project, called Ocean Wind I, Orsted had promised to return such credits to customers.