Yesterday’s News 2025 06 30

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The repeal of federal subsidies alone could cause wind and solar installations to plummet by as much as 72 percent over the next decade, according to the Rhodium Group, a research firm.Credit...Randi Baird for The New York Times

NY Times: G.O.P. Bill Adds Surprise Tax That Could Cripple Wind and Solar Power

Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.

But the latest version of the Senate bill would go much further. It would impose a steep penalty on all new wind and solar farms that come online after 2027 — even if they didn’t receive federal subsidies — unless they follow complicated and potentially unworkable requirements to disentangle their supply chains from China. Since China dominates global supply chains, that measure could affect a large number of companies.

Renewable energy companies say that they have been shifting away from Chinese components and toward using domestically made parts, but that the new restrictions are so opaque it could be tough for many businesses to prove they are in compliance.

(NY Times more…)


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