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  - WN.COM - Americas - Hier 18:05

Renewable energy stocks fall as Trump bill taxes Chinese components

Renewable energy shares fell on Monday as US President Donald Trump’s new bill cuts incentives and adds taxes for companies. In the bill, the US government will add a tax on solar and wind projects that use Chinese materials. Furthermore, the investment and electricity production credits these companies would get will also be phased out faster than what was stipulated in the previous version of the bill. This legislative development has introduced a fresh layer of uncertainty for an industry that has seen considerable growth in recent years. NextEra Energy, the largest renewable energy developer in the US, saw its shares fall by nearly 5%....

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