Senate Strikes Deal on Coronavirus Stimulus Package That Excludes Help for Renewables

By [email protected] The U.S. Senate reached an agreement on a $2 trillion coronavirus stimulus bill early Wednesday morning, but the package does not include the tax credit extensions and direct pay provisions sought by the wind and solar industries to help them weather the supply-chain and economic disruptions caused by the global pandemic.

Clean-energy industry groups confirmed Wednesday that the stimulus bill, the largest of its kind in U.S. history, lacks extensions of the federal wind Production Tax Credit (PTC) and solar Investment Tax Credit (ITC), which would have prevented them from losing access to full credits and threatening their financial viability.

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