Updated – August 16, 2025 12:27 pm IST The Data Center Coalition, representing tech giants like Google, Amazon, and Microsoft, has urged U.S. Treasury Secretary Scott Bessent to uphold current wind and solar energy subsidy regulations. The coalition argues that these rules have fostered rapid industry growth and competitiveness against China. Tighter guidelines on clean energy tax credits could hinder new electricity generation, crucial amidst rising power demand driven by AI and digital economy growth.
Key highlights:
• Data Center Coalition advocates for existing wind and solar subsidy rules
• Stricter clean energy tax credit regulations may impede electricity generation
• U.S. could lose 60 gigawatts of solar capacity by 2030 with new rules
• Data center industry contributed $3.5 trillion to U.S. GDP from 2017-2023
The outcome of Treasury’s decision could impact the global tech industry and digital transformation efforts in India.
Source: Technology News Today, Latest Tech News | The Hindu