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“Trump Administration Agrees To Help Wind Farms With Subsidy Tweak”

“The Trump administration on Thursday agreed to change rules governing key renewable energy tax credits, a win for wind farm owners seeking more time to claim the subsidies because new projects have been stalled by the global coronavirus pandemic.

In a letter to Senator Charles Grassley, Frederick Vaughn, principal deputy assistant secretary in the Treasury Department’s Office of Legislative Affairs, said the department “plans to modify the relevant rules in the near future” for the renewable energy tax credits.

He was not specific about what those changes would be.

Vaughn was responding to a letter sent by Grassley and five other senators to Treasury Secretary Steven Mnuchin last month in which they asked for a rule change that would allow a one-year extension to claim the credits for projects that started construction in 2016 or 2017.”

Nichola Groom reports for Reuters May 7, 2020.