Energy Markets
US releases interim tax credit rules to limit China's clean energy influence
The U.S. Treasury Department on Thursday released interim rules to enforce provisions in President Donald Trump's tax law which restrict companies from claiming federal clean energy subsidies if they are too reliant on Chinese made?equipment. Since the passage of Trump’s One Big Beautiful Bill Act in July last year, solar and wind developers, as well as factory owners, have been anxiously waiting for this?guidance. It applies to lucrative tax incentives for clean energy manufacturing, and electricity generation. The law has accelerated expiration dates for many clean energy tax credits from the Biden era and introduced complex requirements to reduce U.S....