Trump Tax Bill Set to Dampen Solar Power Buildout, Hammer Wind

The current version of President Donald Trump’s centerpiece tax and spending bill would winnow the amount of renewable energy capacity the US adds over the next decade, according to a report released Wednesday by BloombergNEF.

Wind, solar and storage capacity overall would drop by 10% by 2035 relative to a baseline scenario, the research firm finds. The bill would also result in 3.8 million more tons of carbon emissions from the country’s power sector by 2050.

The impact on wind power would be most severe, with new capacity shrinking by 35% and no offshore wind additions after 2028. Solar and energy storage capacity stand to fare ...