Reported about 18 hours ago
Renewable energy companies are alarmed by the recent Senate tax bill which includes an unexpected excise tax on wind and solar projects utilizing certain Chinese components, threatening to increase costs and reduce investments in the industry. With tightened deadlines for tax credits and a potential dramatic rise in energy costs, industry experts warn that this legislation could significantly hinder the growth of renewable energy in the U.S., leading to job losses and an interruption in energy transition efforts.
Source: YAHOO