Economics
U.S. Tax Breaks That Clean Power Doesn't Seem to Mind Losing
- Solar credit to end next year, wind credit already expired
- ``We will be fine'' without tax credit, SunEdison CEO says
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The most significant U.S. tax credit for solar power will expire at the end of next year, and the biggest one for wind power already has. Renewable-energy developers aren’t losing much sleep over it.
"The fundamentals of the renewable business have never been stronger," Jim Robo, chief executive officer of NextEra Energy Inc., told investors during a conference call Wednesday. Robo said the largest North American wind and solar builder will as much as double its resources for developing clean energy projects over the next few years.