Cookie Control

This site uses cookies to store information on your computer.

Some cookies on this site are essential, and the site won't work as expected without them. These cookies are set when you submit a form, login or interact with the site by doing something that goes beyond clicking on simple links.

We also use some non-essential cookies to anonymously track visitors or enhance your experience of the site. If you're not happy with this, we won't set these cookies but some nice features of the site may be unavailable.

By using our site you accept the terms of our Privacy Policy.

(One cookie will be set to store your preference)
(Ticking this sets a cookie to hide this popup if you then hit close. This will not store any personal information)

"Trump Administration Agrees To Help Wind Farms With Subsidy Tweak"

"The Trump administration on Thursday agreed to change rules governing key renewable energy tax credits, a win for wind farm owners seeking more time to claim the subsidies because new projects have been stalled by the global coronavirus pandemic.

In a letter to Senator Charles Grassley, Frederick Vaughn, principal deputy assistant secretary in the Treasury Department’s Office of Legislative Affairs, said the department “plans to modify the relevant rules in the near future” for the renewable energy tax credits.

He was not specific about what those changes would be.

Vaughn was responding to a letter sent by Grassley and five other senators to Treasury Secretary Steven Mnuchin last month in which they asked for a rule change that would allow a one-year extension to claim the credits for projects that started construction in 2016 or 2017."

Nichola Groom reports for Reuters May 7, 2020.

Source: Reuters, 05/11/2020