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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