Commodity Market News: Wind, solar tax credits head for U.S. extension

Commodity Market News

Solar and wind companies scored a major victory when U.S.
lawmakers voted to extend lucrative federal subsidies for renewable energy late Tuesday night.
The tax credits for new power projects fueled by wind turbines and solar panels have been key to the rapid expansion of renewable energy from California to Massachusetts. But those credits were set to expire. The wind subsidy technically lapsed at the end of 2014, though many wind farm developers who had started construction were able to tap it this year; the solar subsidy was scheduled to shrink significantly at the end of next year.

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