Solar, Wind Firms See Existential Threat in Senate Tax Bill (1)

As Senate Republicans debate President Donald Trump’s tax and spending bill, renewable energy companies are reeling at what looks like a worst-case scenario for the industry.

The latest version of the Senate bill includes a new excise tax on wind and solar projects with certain Chinese components, a late addition that stunned renewable advocates. Given China’s dominance of the solar supply chain, developers would struggle to find ample equipment, including wafers, from other countries.

A wind turbine at CS Wind in Pueblo, Colorado, in 2023.

Photographer: Daniel Brenner/Bloomberg

The bill would also roll back clean energy tax credits sooner than the House version of the package. It would require wind and solar projects to be ...