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Renewable cos may slide on fears US to cut tax credits for
Shares in renewable energy companies with assets in the US could see further declines tomorrow on ongoing fears that the US energy bill might be passed this week without including tax incentives for generators and promoters of renewable energy, market sources said. ...Yesterday, website renewableenergyaccess.com reported that the Democrat house leaders in the US are preparing to cede to demands from Republicans and remove all tax breaks for renewable energy companies from the bill in order to push it through parliament before the Thanksgiving break on November 16.
November 13, 2007
by Jonathank Gleave
in Forbes
Shares in renewable energy companies with assets in the US could see further declines tomorrow on ongoing fears that the US energy bill might be passed this week without including tax incentives for generators and promoters of renewable energy, market sources said.
At today's close, EDP Energias de Portugal lost 0.21 eur or 4.28 pct to 4.70, while Iberdrola SA (other-otc: IBDRF.PK - news - people ) was off 0.17 eur at 11.55 and Gamesa Corporacion Tecnologica SA dropped 1.58 eur or 4.56 pct to 33.10.
Yesterday, website renewableenergyaccess.com reported that the Democrat house leaders in the US are preparing to cede... [continue via Web link]
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