Biden’s Green Energy Subsidies Are Making China Great Again – Using Biden-Harris IRA law to ‘expand their solar dominance’
By Marc Morano
November 5, 2024
12:44 pm
The left-wing site Politico was surprisingly honest with this headline:
Biden is desperately trying to lure solar panel production from China to the United States with lavish subsidies. But the companies that are taking the cash and hanging a shingle are… Chinese:
When Biden and congressional Democrats passed the IRA, they hoped it would unleash a “Made-in-America” clean energy revolution. The law lavishes subsidies on companies to build factories that make solar components, in an effort to revitalize the country’s manufacturing base and wrest control of clean energy supply chains away from China.
Only now, Chinese companies are coming to America.
Trina could net almost $1.8 billion in American tax subsidies over the next seven years if it gets the Texas factory fully running by the beginning of 2025, according to analysts at the consultancy BloombergNEF.
https://www.climatedepot.com/2024/11/05/bidens-green-energy-subsidies-are-making-china-great-again/
