US Senate passes proposal which could paralyze wind industry

The provision in the US Senate's proposal for an extensive tax reform, which has incited fear and uncertainty throughout the wind industry, was included in the passed wording of the legislative proposal.

Bob Corker was the only Republican senator who voted against the tax reform, which was barely passed. | Photo: ritzau/AP/J. Scott Applewhite

The wind and solar industries in the US seem to have been flooded with uncertainty.

Saturday night local time, the US Senate passed its proposal for a major US tax reform with 51 votes in favor of the text and 49 against it. The proposal, which includes the provision known as BEAT, has caused huge uncertainty in the industry as it threatens to undermine the foundation for tax-equity investments which form the cornerstone of US projects.

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