The Trump administration has announced another policy that will likely harm the U.S. renewable energy industry. New guidance from the Treasury Department announced August 15 will make it even harder for wind and solar power projects to take advantage of federal tax credits, which already were under fire from the White House.
Friday’s move is the latest in a series of actions by President Trump to strike down existing rules that support renewable energy, and is another blow to clean energy in the wake of Republican lawmakers’ recent passage of a sweeping new tax law.
Energy industry analysts said the latest action by the Treasury is part of the effort to fulfill pledges the president made to legislators in exchange for their support for the spending and tax law he signed in July. Some lawmakers, including GOP members from states with economic stakes in wind and solar, have pushed…
