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Renewables industry reels as Senate megabill unveils new excise tax (FSLR:NASDAQ)

Young businesswoman charging her electric car at EV charging station

Images By Tang Ming Tung

The renewable energy sector was caught off guard this weekend by a proposed Senate tax targeting wind and solar projects that use components from China, marking a sharp escalation in efforts to dismantle incentives for clean energy.

The measure, part of

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