Owners of the data center calls on our Treasury to keep subsidy rules for renewable energy

-The data center -coalition, which the owners of the data center, including Google, Amazon and Microsoft, call on US Treasury Secretary Scott Bestent, to maintain existing wind and solar subsidies rules and said they enabled the industry to grow quickly and before the competition from China. Why it is important are more difficult rules on how projects can qualify for federal tax credits for clean energy, which can delay the development of new electricity generation in a time of increasing power demand, driven by artificial intelligence and the digital economy. Key Quote “Any regulatory friction that delays the deployment of new generation today has an impact on our ability to comply with Ai-era electricity tomorrow,” the coalition wrote in his letter to Besent. The letter was dated on August 4, but was seen by Reuters on Friday. Context president Donald Trump issued an executive order in July in which Treasury is ordered to sharpen the tax credit rules for clean energy, including redefining what it means for a project to start building. The industry has relied on the existing rules over the past decade, and the advisory firm Clean Energy Associates has predicted this week that the United States could lose about 60 gigawatts of planned solar capacity until 2030 as tighter “beginning of construction” rules. According to the numbers between 2017 and 2023, the US data center industry has contributed $ 3.5 billion to the country’s gross domestic product and, according to the DCC, employed more than 600,000 workers. The next 18 August the Treasury division is expected to issue updated guidelines. This article was generated from an automated news agency feed without edits to text.