Data Center Ownes Us Us Treasury to Keep Renewable Energy Subsidy Rules

The data center coalition, which represents data center owners including Google, Amazon and Microsoft, Called on Us Treasury Secretary Scretary Screte Screte Bessent to Uphold Xisting Rules for Wind and Solar EnereGy Subsidies, Saying they have enabled the industry to grow Quickly and Stay ahead of competition from China.

TOUGHER Rules on How Projects Can Qualify for Federal Clean Energy Tax Credits Could Slow Development of New Electricity Generation at a Time of Surgaing Power Demand Drive Driven by Artificial Intelligence and The Digital economy.

“Any regulatory friction that Slows down deployment of new generation today directly impacts our ability to meet ai-ke electricity demands Tomorrow,” The Coalition of Its Letter to Bessient. The letter is dated August 4 but was seen by reates on Friday.

Us President Donald Trump Issued an Executive Order in July Directing Treasury to Tighten Clean Energy Tax Credit Rules, Including Redefining What it means for a project to have a project to have

The industry has relied on the existing rules for the last decade, and Advisory Firm Clean Energy Associates Projected This Week That That The United States Cold Lose About 60 Gigawats of Planned Solar Capacity Capacity Capacity Capacity Thunder 2030 if stricter “beginning of construction” rules are implemented.

Between 2017 and 2023, The US Data Center Industry Contributed $ 3.5 Trillion to the Nation’s Gross Gross Domestic Product and Directly Employed Over 600,000 Workers, According to the DCC.

The treasury department is expected to issue updated guidelines as soon as August 18.