Research Analyst at DNB ASA
Steffen Evjen from DNB ASA asked for clarification on the specific milestone required to receive the U.S. tax credit for Empire Wind, inquiring if it is first power or commercial operation date (COD) for the project.
Torgrim Reitan, CFO, confirmed that the milestone for receiving the U.S. tax credit is production start, specifically first power, which is planned for 2027.
Steffen Evjen asked for clarification on the specific milestone required to receive the U.S. tax credit for Empire Wind, inquiring if it is first power or commercial operation date (COD).
CFO Torgrim Reitan confirmed that the criteria for receiving the U.S. tax credit for Empire Wind is 'production start,' which is ultimately 'first power,' planned for 2027.
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