US Senate passes bill to cut clean energy tax credits by 2026
In a tight 51–50 vote, the US Senate has passed the One Big Beautiful Bill, with Vice President JD Vance casting the tie-breaking vote. The bill brings major shifts to the country’s renewable energy policy. The most significant change is an accelerated phase-out of tax credits for wind and solar projects. To qualify for production and investment tax credits, construction must begin before June 2026. Projects must be operational by the end of 2027. Tax…