Trump’s Tax Package Curbs Renewable Energy Just as AI’s Power Needs Soar
The bill unplugs more than 300 gigawatts of wind and solar projects that would have been built through 2035, according to one analysis.
Transmission lines near an Amazon Web Services data center in Dublin, Ohio. Power demand from artificial intelligence is forecast to almost double in the next decade.
Photographer: Brian Kaiser/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities markets powering the global economy. Today, Americas Power and Natural Disasters Team Leader Brian Eckhouse looks at how the new US tax plan crimps renewables development.
As Donald Trump’s $3.4 trillion fiscal package moved through Congress, there was some relief in the renewables industry that a proposed excise tax on wind and solar projects had been expunged.