Data center owners urge US Treasury to keep renewable energy subsidy rules

-Google, Amazon and Microsoft, including data center owners, the data center coalition, US Treasury Secretary Scott Bessent called for wind and solar energy subsidies to maintain the existing rules and the industry to remain in front of the competition from China, he said.

More challenging rules on how projects can be entitled to federal clean energy tax loans can slow down the development of new electricity production at a time when they increase the demand demand for power directed by artificial intelligence and digital economy.

“Today, any regulatory friction that slows down the new generation today, directly affects our ability to meet the electricity demands of the AI period.” The letter was seen by Reuters on August 4, but on Friday.

In July, President Donald Trump issued an executive order that directs the Treasury to tighten the rules of clean energy tax loans, including redefining what it means to start construction.

The industry was based on the existing rules for the last decade, and Clean Energy Associatiates, a consulting firm, foresee that the US could lose the planned solar capacity by about 60 Gigawatt until 2030.

According to DCC, between 2017 and 2023, the US Data Center industry contributed to $ 3.5 trillion for the country’s gross domestic product and directly employed more than 600,000 workers.

The Treasury department is expected to publish updated instructions on 18 August.

This article was created from an automatic news agency feeding without changing the text.