As the Senate finalizes plans to vote on its revisions of the omnibus spending bill, the renewable energy sector knows its tax credits to build clean energy projects will sunset more quickly, but maybe not as onerously as the draconian provisions in the House version of the “One Big, Beautiful Bill.”
What remains uncertain are both the details and whether any “poison pills” of the House version could still find their way into the final legislation that could dramatically limit supply chain materials or prevent small developers from participating in tax credits.
All of this is happening when the U.S. needs more power from any means necessary to satiate “unprecedented” rising electricity demand for the first time in decades, driven largely by the data center construction boom to power AI and more, said Exelon CEO Calvin Butler. Butler chairs the Edison Electric Institute representing investor-owned electric utilities…
