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U.S. renewable energy industry relieved as Republicans keep tax credits

The U.S. renewable energy industry expressed relief after a compromise Republican tax bill preserved key tax credits that had been at risk of being removed, but it raised concerns about a provision that may threaten investment in the sector.The final tax bill retains the production and investment tax credits for wind and solar energy that have spurred investment in the fast-growth industries. It also eliminates the alternative minimum tax, which would have reduced the value of those credits.

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Reuters
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