European Renewables Giant Says US Subsidies Spur Wind Investment
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European Renewables Giant Says US Subsidies Spur Wind Investment
Portuguese utility EDP-Energies de Portugal SA, one of Europe’s largest renewable energy companies, is planning to build more wind turbines in the United State because of the tax credits from the Inflation Reduction Act. Chief Executive Officer Miguel Stilwell de Andrade, on March 2, said, “The Inflation Reduction Act is so powerful and promotes investment,” and that “Europe needs to do things that are similar to this, but Europe seems to be more interested in tariffs and taxings things.”
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