Wind power and CECEP Solar Energy face a "darkest moment"! Senate tax bill seeks to end "solar" subsidies early.

The Republican members of the US Senate announced a heavy tax bill, planning to end tax incentives for wind energy and CECEP Solar Energy industries belonging to Clean Energy Fuels Corp. earlier than other types of energy sources. At the same time, only moderate adjustments will be made to most other incentives and government subsidy measures, leaving hopes of relief for various parties affected by the major budget cuts passed by the House of Representatives dashed. It is understood that the Senate version of the bill plans to terminate incentives for wind energy and CECEP Solar Energy by 2028, while tax breaks for other energy sources will be gradually phased out by 2036. The Senate bill will also completely eliminate tax credits for companies leasing rooftop CECEP Solar Energy systems in the US as well as homeowners who directly purchase CECEP Solar Energy systems, analysts say this move will severely impact the struggling CECEP Solar Energy industry and the entire Clean Energy Fuels Corp. industry. Following the release of the text of this Senate Republican bill, the CECEP Solar Energy sector became the worst-performing group in pre-market trading of US stocks, with some companies even likely to declare bankruptcy within the year, potentially setting a record for the highest number of bankruptcies announced in a year among US stock sectors. Share prices of companies like Sunrun Inc (RUN.US) dropped by over 28% in pre-market trading, SolarEdge Technologies Inc. (SEDG.US) fell by over 22%, and Enphase Energy Inc (ENPH.US) saw a drop of up to 17% in pre-market trading. "It looks like the Senate Finance Committee has only raised this bill from a purely negative D to a solid D+ for the entire Clean Energy Fuels Corp. industry in the US," said Ethan Zindler, a senior analyst from BloombergNEF and former US Treasury official, in an interview. "And this may also contain a bit of grade inflation." Ethan Zindler means: The new text from Senate Republicans does indeed slightly "improve" over previous versions (House versions or early drafts) - such as removing the requirement that projects must start within 60 days to qualify for the credit - but overall, it still takes an unfriendly stance towards wind power, CECEP Solar Energy, and other Clean Energy Fuels Corp. sectors, only moving from "bad" to "slightly bad." In the grading system used in English and American schools, A-F represents grades from good to bad, with D being close to failing; a D+ is just slightly better. While the new version of the bill no longer requires projects to start within 60 days to qualify for the credit, it still plans to completely end incentives for wind energy and CECEP Solar Energy by 2028. According to the legislative summary, tax breaks for other sources of electricity such as nuclear, hydro, and geothermal will be retained and allowed to be gradually phased out until 2036. This legislation is part of a landmark economic plan of US President Donald Trump, who plans to cut back on exemptions in the "Inflation Reduction Act." The popular $7,500 electric vehicle purchase credit will be completely eliminated 180 days after the law takes effect, while the House version of the bill will reserve it for most electric vehicle models until the end of the year. Despite lobbying efforts by many companies including Plug Power Inc., the American Petroleum Institute, and the Fuel Cell and Hydrogen Energy Association, the Senate version still plans to eliminate incentives for the production of clean hydrogen gas up to $3 per kilogram. The Senate bill also plans to completely terminate tax credits enjoyed by companies like Sunrun that lease rooftop CECEP Solar Energy systems and homeowners who purchase CECEP Solar Energy systems directly. Analysts say that the cancellation of these credits will severely impact the struggling US CECEP Solar Energy industry, as the recent uncertainty surrounding Clean Energy Fuels Corp. tax credits has already led to significant market volatility, with expectations of continued volatility in the Clean Energy Fuels Corp. market, recent extreme examples of negative impacts include the bankruptcy of the large residential CECEP Solar Energy loan provider Solar Mosaic Inc. The Senate bill preserves tax credits for nuclear power, which combines clean and efficient attributes, and is a major energy project long supported by the Trump administration. The House version had previously required projects to start by the end of 2028 to qualify for the credit, a deadline analysts believe would be impossible in the Senate version. The US government's attitude towards nuclear reactors has undergone a comprehensive transformation, especially since Trump returned to the White House and promoted a revival of US nuclear power, while continuing to suppress wind power, CECEP Solar Energy, electric vehicles, and other wide-ranging Clean Energy Fuels Corp. fields, refusing to continue providing any federal subsidies. On May 23, President Trump signed four executive orders to promote reform in the US nuclear industry, including expanding the scale of US nuclear power, the nuclear industry chain, and shortening the approval process for nuclear projects; this move may herald a revival of US nuclear power. The positive impact brought about by Trump's signing of multiple "nuclear revival orders" has also led to the substantial rise in the prices of OKLO in the US stock market, as well as for stocks related to global nuclear energy and nuclear power. Unlike the House version, the Senate legislation temporarily does not limit the ability of project sponsors to sell tax credits to third parties, which may make the credits more susceptible to market manipulation. The Senate bill has sparked extreme dissatisfaction among environmental and Clean Energy Fuels Corp. organizations, with the American Clean Power Association stating that the bill "will raise electricity bills for American households and threaten hundreds of thousands of jobs nationwide." "If there is no reasonable timetable for companies to adapt to increased taxes, high-paying jobs, technological innovation, and AI data centers will be forced to relocate overseas," said the Association's CEO Jason Grumet in a statement. However, the Senate version of the bill may still undergo significant adjustments due to Democratic views; Senate Republicans plan to pass the bill by July 4th and quickly send it back to the House for final approval.