Source: WSJ

Date Published: 7.1.2025

Link: The Renewable-Energy Sector’s Relative Winners and Losers in the Megabill – WSJ

Article Summary: The Senate’s version of the megabill signals a major setback for the U.S. renewable energy transition, with the looming end of tax credits for large-scale wind, solar, and electric vehicle projects threatening to slow domestic clean energy development and weaken U.S. competitiveness in the global AI-driven power race. While the bill removes a proposed excise tax, it still accelerates the phaseout of support that has underpinned recent growth in grid-scale renewables and domestic manufacturing. The policy shift raises concerns that developers will once again turn to low-cost imports from China, undermining national security and clean tech investment. Hydrogen projects emerged as a relative winner, receiving extended tax credit eligibility that could support emerging decarbonization pathways. As the U.S. retreats from core climate incentives, the bill undercuts momentum toward net zero goals and tilts the landscape away from equitable, clean infrastructure investment.