Clean Energy Faces Hard Market Truths

Clean energy factories bring jobs and billions to red states as tax credits face cuts

American clean energy factories have created over 120,000 jobs and $33 billion in annual economic activity, but upcoming federal policy decisions could stall that growth.Julian Spector reports for Canary Media.In short:A new report from the American Clean Power Association (ACP) finds that 200 clean energy factories across 38 states generate $33 billion in annual economic activity and support 122,000 jobs.Over 70% of these facilities are in stat…

Clean Energy Faces Hard Market Truths

As soon as the November 2024 election results were in, proponents of the energy transition started warning the end of their industries was nigh. They weren’t wrong. Trump has wasted no time clipping the wings of wind, solar, EVs, and related industries that have enjoyed years of generous financial support—from taxpayers’ money. This is now over, and these industries will need to learn to survive on their own. Republican legislators are busy draf…

The last week left contrasting signs in the energy markets, with significant movements in both fossil and renewable fuels. Behind these variations are combined market factors, political decisions and new risk conditions that deserve a more detailed review.Brent's price fell below $65 per barrel and WTI stabilized about $61, accumulating a loss of more than 13% so far this year.This happens at the very beginning of the summer in the United States…

Clean energy faces hard market truths

The Trump administration is rolling back federal subsidies for wind, solar, and EVs. Over $145 billion in green energy projects and $73 billion in manufacturing investments since 2022 were heavily driven by federal aid Despite claims of booming growth, wind and solar face serious structural issues, raising doubts about their viability in a true free-market environment. As soon as the November 2024 election results were in, proponents of the ener…

POLITICO Pro: House Republicans strike bigger blow against Democrats’ clean energy tax credits

Among the changes secured by hardliners, the bill would weaken the clean electricity investment and production tax credits in a way that clean energy developers say could make them largely unusable.

SolarBank Stays Strong as Trump's Clean Energy Rollbacks Loom

Disseminated on behalf of SolarBank Corporation The U.S. House of Representatives proposes rollbacks to key clean energy programs, which raises questions across the sector. Among the targeted provisions are the residential solar tax credit and funding elements of the Inflation Reduction Act (IRA)—a landmark climate package that helped spark record investment in clean energy over the past two years. The proposal suggests ending the 30% federal re…