Commonwealth Offshore Wind Industry Investment Program
The bill would create a “commonwealth offshore wind industry investment program” administered by the Massachusetts Clean Energy Center (“Mass CEC”) to develop and promote employment and economic development related to the offshore wind industry. “Offshore wind companies” participating in the program may include entities “engaged in offshore wind development, manufacturing or commercialization in the commonwealth and any affiliate thereof . . . .” “Offshore wind organizations” engaged in offshore wind development, such as non-profits, labor organizations, or certain educational institutions, may also participate. Offshore wind companies seeking to be certified by Mass CEC to participate in the program must submit their plans for generating new state revenue, leveraging additional funding or attracting…