Governor signs offshore wind energy bill
The bill establishes an offshore wind renewable energy certificate program and authorizes the Economic Development Authority to provide tax credits for qualified wind energy facilities.
Sponsors of the measure say wind projects would create significant development and environmental benefits for the state.
A state study released in June found wind energy would have little negative impact on New Jersey's environment.
Christie signed the measure at the Paulsboro Marine Terminal port.
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Electric shock: China power demand drops as coronavirus shutters plants
BEIJING - China’s industrial power demand in 2020 may decline by as much as 73 billion kilowatt hours (kWh), according to IHS Markit, as the outbreak of the coronavirus has curtailed factory output and prevented some workers from returning to their jobs.
FILE PHOTO: Smoke is seen from a cooling tower of a China Energy ultra-low emission coal-fired power plant during a media tour, in Sanhe, Hebei province, China July 18, 2019. REUTERS/Shivani Singh
The cut represents about 1.5% of industrial power consumption in China. But, as the country is the world’s biggest electricity consumer, the loss is equal to the…
