File - Wind turbines operate in Livermore, Calif., on Wednesday, Aug. 10, 2022. Across Europe companies are weighing up the U.S. Inflation Reduction Act's $375 billion in benefits for renewable industries against the European Union's fragmented response. (AP Photo/Godofredo A. Vásquez, File)
April 17, 2023
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April 17, 2023 3 a.m.
US tax breaks lure European clean tech companies as EU lags
That's because a new U.S. clean energy law offers generous tax credits — up to 40% of costs — in what is a "massive, massive incentive" for producing in America, CEO Tom Einar Jensen said.