Institute for Energy Research: Solar Company Collects Massive Subsidies
August 05, 2023
August 05, 2023
WASHINGTON, Aug. 5 -- The Institute for Energy Research issued the following agency statement on Aug. 4, 2023:
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First Solar, an Arizona-based solar-panel manufacturer, expects to receive as much as $710 million this year--nearly 90 percent of its expected operating profit--from federal subsidies meant to encourage domestic renewable energy production. Those incentives could be worth more than $10 billion for the company over the next decade. The incentives were app . . .
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First Solar, an Arizona-based solar-panel manufacturer, expects to receive as much as $710 million this year--nearly 90 percent of its expected operating profit--from federal subsidies meant to encourage domestic renewable energy production. Those incentives could be worth more than $10 billion for the company over the next decade. The incentives were app . . .