Maryland doubles down on offshore wind with $1.6 million investment

Offshore wind projects like those by US Wind and Ørsted were boosted Wednesday as the Maryland Energy Administration added $1.6 million to fund additional projects by emerging companies. The Maryland Offshore Wind Capital Expenditure Grant Program, a fund aimed at assisting new or existing emerging businesses entering the offshore wind supply chain in Maryland, will be awarded on a first-come first-serve basis for qualifying proposals until Jan. 1, 2023, or until all funding has been awarded. “Proposed projects must provide a positive net economic benefit to the state and local communities through job opportunities while encouraging diversity, inclusion and equity in their business operations.