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Energy Industry News Releases

Senate Finally Passes Energy Tax Bill; Suntech Power, First Solar & SunPower to Benefit

(EMAILWIRE.COM, September 25, 2008 ) DALLAS, Texas - announces the publication of ‘Senate Finally Passes Energy Tax Bill; Suntech Power, First Solar & SunPower to Benefit’

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Senate Finally Passes Energy Tax Bill; Suntech Power, First Solar & SunPower to Benefit

"The long awaited energy tax legislation passed the Senate by a 93-2 vote as part of a tax bill worth more than $100 billion. The energy tax measure, pegged at $17 billion, comes after nearly a year of haggling over portions of the bill among some congressional members who insisted all provisions have offsetting equivalent revenue...

" ‘It is the most significant legislation ever introduced in Congress for solar,’ said Rhone Resch, president of the Solar Energy Industries Association (SEIA). ‘It will provide a stable market for businesses to grow over the next 10 years.’...

"After failing eight times, the proposed energy legislation is seen as a boon to the nation’s employment in the coming years. According to a study commissioned by the SEIA, companies such as First Solar Inc. (FSLR), Suntech Power Holdings Co. Ltd. (STP), SunPower Corp. (SPWR) and other benefiting companies would create approximately 441,000 jobs and provide $232 billion in spending into the U.S. economy by 2016…"

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Scott Sanchez, (214)-317-5947


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