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Clean energy stocks jump after tax on solar and wind projects is removed from Trump's big bill
CNBCยท2025-07-01 17:28

Group 1 - Clean energy stocks experienced a rise after the removal of a tax on solar and wind projects from the Senate version of the One Big Beautiful Bill Act [1][2] - NextEra Energy, the largest renewables developer in the U.S., saw its shares increase by nearly 3%, while AES, a leading renewable provider, rose almost 2% [1] - The American Clean Power Association and Solar Energy Industries Association confirmed that the tax, which could have added up to $7 billion to the solar and wind industry's tax burden, was removed from the legislation [3] Group 2 - The clean energy industry expressed surprise and outrage over the initial inclusion of a tax on wind and solar projects, which targeted components from foreign entities of concern, primarily referring to China [2] - The megabill will now proceed to the House of Representatives for further consideration of the Senate's changes [1]