U.S. Must Do More to Prevent Loss of Clean Energy Manufacturing Jobs
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Winning the Race illustrates this risk by analyzing the recipients of the Recovery Act’s Advanced Energy Manufacturing Tax Credit (also known as 48C credits), which President Obama recently proposed expanding funding for by $5 billion due to the program’s success. The report found that, of the 90 companies that received 48C credits for wind and solar manufacturing projects in the United States, 23 also have been investing in similar production in countries such as China, India, Mexico and Malaysia. The 23 companies, which include both U.S.-based and foreign firms, received a total of $458 million in 48C credits for their U.S. projects.
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