Marketplace: Big boost for wind and solar in budget bill



via Gigi Douban, Marketplace

Some big energy industry news is included in the more than 2,000 page document that is the omnibus spending bill under consideration by Congress. One provision would end a decades old ban on exporting crude oil from the U.S. But the bill also includes a five year extension on solar and wind tax credits, which some forecasters say would be a huge boost to the domestic renewable energy market.

Ethan Zindler, an analyst with Bloomberg New Energy Finance, said right now the U.S. has about 100 gigawatts of wind and solar installed.

“With these changes we anticipate an approximate doubling of wind and solar over the next five years,” he said.

To read more, visit

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us