The Trump Administration has announced plans to change the rules surrounding key renewable energy tax credits, such as the Production Tax Credit, reports Reuters.
The future changes weren’t specified, but it is sign of hope for wind and solar developers concerned about missing cut-offs due to project delays caused by COVID-19.
“The COVID-19 crisis has disrupted supply chains, construction operations, and permitting timelines, delaying projects otherwise on track to be in operation by the end of 2020,” said Senator Charles Grassley, along with five other senators in a letter sent to the Treasury Secretary in April.
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