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Senators ask Treasury to Extend Continuity Safe Harbor for Three Years for Offshore Wind
Seven U.S. Senators authored a letter to Treasury Secretary Steven Mnuchin, asking Treasury to extend the continuity safe harbor provision further for offshore wind. The letter thanks Mnuchin for earlier guidance, but asks for an additional three years beyond the standard four-year safe harbor for offshore wind projects that began construction between 2016 and 2020. The May 27 guidance extended the continuity safe harbor by one year due to the COVID-19 pandemic.
For community development, affordable housing and renewable energy updates related to COVID-19, see Novogradac’s dedicated page.