As Senate Republicans debate President Donald Trump’s tax and spending bill, renewable energy companies are reeling at what looks like a worst-case scenario for the industry. The latest version of the Senate bill includes a new excise tax on wind and solar projects with certain Chinese components,

Senate Republicans stunned the power industry over the weekend with a proposed new tax on wind and solar projects, part of a broader push to unravel incentives for renewable energy. Energy tax credits that were expanded during the Biden administration are wrapped up in a fierce congressional fight over President Trump’s signature tax and spending bill.