The latest version of President Trump's tax and spending package proposes a more aggressive phase-out of incentives for US wind and solar projects. Unlike the previous plan that allowed projects to begin construction by the end of 2025, the new requirement mandates that projects be operational by the end of 2027 to qualify for clean energy benefits. This change increases pressure on developers to expedite their projects or risk losing federal support. The bill also introduces new taxes on non-compliant projects, contributing to a negative outlook for key market players like Vestas and Orsted, whose shares dropped significantly.
The legislation also includes a new tax on wind and solar projects that fail to meet strict restrictions against the use of Chinese materials.
If it becomes law, the change would significantly raise the stakes for the industry, putting pressure on developers to speed up timelines or risk losing critical federal support.
Collection
[
|
...
]