BALTIMORE, May 23, 2019 /PRNewswire/ -- US Wind Inc -
the Baltimore-based company
responsible for developing one of the nation's largest commercial
offshore wind energy project in Maryland - welcomes the Hogan Administration's
decision to allow the Clean Energy Jobs Act (Senate Bill 516) to
take effect while also pursuing the goal of achieving 100% of clean
energy electricity by 2040.
"We look forward to partnering with the Administration in
realizing the ambitious goal outlined in the Clean and Renewable
Energy Standard (CARES) initiative that would require a hundred
percent of low- to zero-carbon energy sources in the coming
years," said Salvo Vitale, Country Manager of US
Wind Inc. "Offshore wind is one of the few clean,
renewable energy sources that must provide in-state jobs and is key
to generating clean air benefits for for all Marylanders. The
additional offshore wind goal called for in the Clean Energy Jobs
Act will help reassert Maryland's
position as a leader in offshore wind energy generation while also
delivering significant economic and job-creation benefits and clean
energy independence within the State for generations to come. We
are committed to doing our part to ensure that these ambitious and
admirable objectives become reality." Unlike other energy
sources, offshore wind is required by current Maryland law to produce an economic,
environmental and health "net benefit" to the state and its
ratepayers.
Mr. Vitale previously testified before the Senate Finance
Committee and House Economic Matters Committee urging passage of
the Clean Energy Jobs Act, citing the significant economic benefits
that the legislation would make possible by incentivizing the
development of 1,200 MegaWatts of additional offshore wind energy
off the coast of Maryland.
The benefits of the legislation are significant for Maryland's economy, resulting in the creation
of between 5,000 and 7,000 direct jobs; an additional
$18 million to be deposited in the
Offshore Wind Business Development Fund; approximately $5 billion in new capital expenditures; and
thousands of tons more of carbon emissions reduced or avoided
altogether.
Earlier this week, US Wind announced that it has signed an
agreement with EPIC Applied Technologies for the installation of
its Meteorological Tower beginning this summer, marking a key
milestone in the advancement of its Maryland offshore wind project which is
expected to be operational within 2023. US Wind will install
up to 32 wind turbines at a distance of approximately 17 miles off
the coast of Ocean City that will
eventually produce 268 megawatts of offshore wind energy, an amount
sufficient to provide 76,000 Maryland homes with clean, renewable
energy. It is anticipated that the US Wind project will
result in the creation of approximately 7,000 direct and indirect
jobs and represent an in-state investment of nearly $1.5 billion.
About US Wind Inc. -
www.uswindinc.com
US Wind, based in Baltimore,
Maryland, was founded in 2011 and has established a
leadership position in offshore wind energy development. US Wind
has obtained the federal lease to build a 1,000 Megawatt (MW)
offshore wind farm in three phases, the first of which will is
underway and is expected to be operational in 2021.
US Wind is fully owned by Renexia S.p.A., a leader in renewable
energy development in Italy and
the developer of the first offshore wind farm in the Mediterranean
Sea. Renexia is a subsidiary of Toto Holding Group. Toto Holding
Group has more than 40 years of experience specializing in large
infrastructure construction projects, rail transportation and
aviation.
Media Contact:
Greg Tucker
410-624-9536
215253@email4pr.com
www.uswindinc.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/us-wind-supports-administration-aim-to-achieve-100-of-clean-electricity-by-2040-300855983.html
SOURCE US Wind, Inc.