Marketplace: Big boost for wind and solar in budget bill



via Gigi Douban, Marketplace

Some big energy industry news is included in the more than 2,000 page document that is the omnibus spending bill under consideration by Congress. One provision would end a decades old ban on exporting crude oil from the U.S. But the bill also includes a five year extension on solar and wind tax credits, which some forecasters say would be a huge boost to the domestic renewable energy market.

Ethan Zindler, an analyst with Bloomberg New Energy Finance, said right now the U.S. has about 100 gigawatts of wind and solar installed.

“With these changes we anticipate an approximate doubling of wind and solar over the next five years,” he said.

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