State to subsidize entry into offshore wind supply chain - News Today in World

State to subsidize entry into offshore wind supply chain

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Title : State to subsidize entry into offshore wind supply chain
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Despite offshore wind being far from a done deal, following the introduction of a potentially lethal measure by shore’s congressional representative, Dr. Andy Harris (R-1), the state’s energy administration has secured $600,000 in grants to start a new business or to expand an existing one in Maryland.
“This is important for businesses in Worcester interested in getting into this new industry,” Worcester County Director of Economic Development Merry Mears, said.

Applications, due by Sept. 1 and available via http://ift.tt/2u4YNe1, are divided into two main areas of interest: market entry assistance and capital expenditures and facilities upgrades.

The grants are intended to provide a gateway for local businesses to begin to compete in the global offshore energy generation market, and are not limited to the two wind farms that gained Public Service Commission approval this spring. Though the regulatory path for offshore wind turbines in the waters off Ocean City has been mostly cleared, the turbine side of the equation, the one that requires replacement parts and maintenance, is still a couple of years away.

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