Bill > H3310

This bill provides for the investment in and expansion of the offshore wind industry in the Commonwealth. Specifically, it: - Establishes the Massachusetts Offshore Wind Industry Investment Fund to provide financing for the siting and expansion of offshore wind manufacturing facilities, promote offshore wind research and technology, revitalize ports to support the offshore wind industry, and fund workforce training and higher education programs related to offshore wind. - Creates a Commonwealth Offshore Wind Industry Investment Program to develop and expand offshore wind industry-related employment and promote renewable energy-related innovations and economic development benefits by supporting and stimulating the offshore wind industry in the Commonwealth. - Establishes an Offshore Wind Industry Tax Incentive Program that allows the Massachusetts Clean Energy Center to authorize up to $30 million annually in tax incentives for certified offshore wind companies. - Removes a provision that restricted the Department of Public Utilities from approving long-term contracts for offshore wind projects if the levelized price per megawatt hour was greater than or equal to the previous procurement. - Requires that preference be given to offshore wind project proposals that demonstrate economic development contributions to the Commonwealth. - Establishes a selection committee, consisting of state officials and legislative appointees, to choose the winning offshore wind bid based on all the criteria in the bill.

Transportation and Infrastructure

https://malegislature.gov/Bills/192/H3310