Chinese clean energy companies risk losing tax benefits under the Inflation Reduction Act if the One Big Beautiful Bill becomes law, following its narrow passage in the U.S. House of Representatives.
The One Big Beautiful Bill Act, a budget reconciliation package supporting President Donald Trump’s policy agenda, passed the House of Representatives by one vote early Thursday. The legislation includes provisions that would exclude Chinese clean energy firms from tax incentives established under the Inflation Reduction Act (IRA).
The IRA, signed into law by President Joe Biden in 2022 and sometimes called the “Green New Deal,” offers tax credits to clean energy producers and manufacturers, especially those involved in electric vehicle batteries, battery storage, solar, and wind energy.
China dominates global solar manufacturing, with eight of the top ten solar companies worldwide headquartered there, according to researchers at Photovoltaic Brand Lab. Since the IRA’s enactment, Chinese companies have invested heavily in solar projects across the U.S., totaling over a billion dollars in states including Florida, Ohio, Texas, Alabama, New Mexico, and Arizona.
Despite these investments, it remains uncertain how the new bill will affect these Chinese solar ventures, as none have publicly commented on the development.
The Solar Energy Industries Association (SEIA), which includes Chinese solar firms among its members, criticized the bill’s passage. SEIA president Abigail Ross Hopper described the proposed changes as “unworkable” for solar deployment and warned of rising electricity costs and increased risk of blackouts without continued solar growth, a sector where China plays a dominant role.
However, U.S. residential electricity prices have risen from 12.65 cents per kilowatt hour in 2015 to 16.48 cents in 2024, despite record levels of solar installation, according to the Energy Information Administration.
The bill now heads to the Senate, where China solar importers are urging lawmakers to reconsider and amend the proposed restrictions.
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A Florida judge has ruled that a mother’s lawsuit can proceed against AI startup Character.ai, following the suicide of her 14-year-old son who allegedly became addicted to the company’s chatbot app.
Music agent Dave Shapiro, co-founder of Sound Talent Group, is among six people presumed dead after a private jet crashed in a San Diego neighborhood early Thursday morning.
Billy Joel has canceled all upcoming concerts in North America and the United Kingdom following a diagnosis of Normal Pressure Hydrocephalus, a brain condition affecting his hearing, vision, and balance.
Chinese clean energy companies risk losing tax benefits under the Inflation Reduction Act if the One Big Beautiful Bill becomes law, following its narrow passage in the U.S. House of Representatives.
The U.S. Mint will end production of the penny by early next year, citing high manufacturing costs and a directive from President Donald Trump.
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Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
In a region long defined by conflict and complex history, AnewZ set out to hear the voices that matter most- those of the people.
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A delegation led by Yalchin Rafiyev, Deputy Minister of Foreign Affairs of the Republic of Azerbaijan and Chief Negotiator of COP29, participated in Climate Week in Panama, held from May 19–21, 2025, in Panama City.
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A Florida judge has ruled that a mother’s lawsuit can proceed against AI startup Character.ai, following the suicide of her 14-year-old son who allegedly became addicted to the company’s chatbot app.
Music agent Dave Shapiro, co-founder of Sound Talent Group, is among six people presumed dead after a private jet crashed in a San Diego neighborhood early Thursday morning.
Billy Joel has canceled all upcoming concerts in North America and the United Kingdom following a diagnosis of Normal Pressure Hydrocephalus, a brain condition affecting his hearing, vision, and balance.
Chinese clean energy companies risk losing tax benefits under the Inflation Reduction Act if the One Big Beautiful Bill becomes law, following its narrow passage in the U.S. House of Representatives.
The U.S. Mint will end production of the penny by early next year, citing high manufacturing costs and a directive from President Donald Trump.
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