Global energy demand increased by 2% last year with all energy sources, including fossil fuels, experiencing consumption upticks despite significant growth in wind and solar capacity.

President Trump directed the Treasury Department to take a strict approach to limit which projects are eligible for wind and solar tax credits, part of his rollback of the Inflation Reduction Act.

Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.

Instead, it imposes a new tax on wind and solar projects completed after Dec. 31, 2027 if they cannot prove they have not used any Chinese components, while offering a new tax break for coal ...

Managing solar and wind farms isn’t like keeping an engine running – it’s like keeping thousands of engines, sensors, blades and circuits working in perfect harmony.

Key tax incentives for US wind and solar projects would face a more aggressive phase-out in the Senate’s latest version of President Donald Trump’s spending package.

The sprawling Republican budget bill approved by the Senate Tuesday removes a proposed tax on solar and wind energy projects but quickly phases out tax credits for wind, solar and other renewable ...

As wind, solar, and hydrogen technologies develop further, the economics could tip more favorably towards renewables. Still, the present finding – that an overwhelmingly renewable grid is viable in ...

An updated draft of the Senate’s megabill text slashes tax incentives for wind and solar energy — and adds a new tax on future wind and solar projects. The initial draft released by Senate ...

WASHINGTON (Reuters) -The latest version of the Senate's massive budget bill that the Senate is racing through for a vote as soon as Saturday deals a fatal blow to the use of tax credits in place ...

Senate GOP removes tax on solar and wind energy but dismantles climate law passed by Democrats By MATTHEW DALY The Associated Press,Updated July 1, 2025, 5:19 p.m.

In an executive order, Trump said the renewable energy resources were unreliable, expensive, displaced more dependable energy sources, were dependent on foreign-controlled supply chains and were ...