Bloomberg Law
July 28, 2022, 5:26 PM

Manchin-Schumer Climate Deal Would Boost US Cleantech Makers (2)

Brian Eckhouse
Brian Eckhouse
Bloomberg News

The landmark US Senate climate deal announced late Wednesday would boost cleantech manufacturing, a sector that’s struggled to compete with China.

If ultimately approved by Congress, the deal would introduce a tax credit over several years for solar-panel making, batteries, wind-power components and other domestically made goods. Companies poised to benefit include First Solar Inc., the biggest US panel maker, as well as TPI Composites Inc., a maker of wind-turbine blades.

Read: Landmark US climate deal spurs record gains for renewable stocks

“We are heavily reliant upon imported solar products and the supply chain that China’s taken control ...