Vestas hails US clean energy subsidies as breakthrough

A new subsidies package for renewable energy about to be passed by the US is “extraordinarily important” and should help improve the outlook for the under-pressure wind industry, according to the chief executive of one of the world’s largest turbine manufacturers.Henrik Andersen, chief executive of Danish wind turbine manufacturer Vestas, said that concern over whether the US could end its production tax credits (PTC) had led to “stop and go” conditions for the renewable industry in the past year, but a new climate bill should halt those worries.“It’s extraordinarily important,” he told the Financial Times. “I think that will give some clarity and will accelerate renewables in the US for the next decade. It’s important for offshore wind, onshore, solar [and] power-to-x hydrogen.”The US Senate passed Joe Biden’s flagship economic package, which includes…

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