White House backs plan for renewable energy industry tax partnerships

FILE PHOTO: Power-generating Siemens 2.37 megawatt wind turbines are seen at the Ocotillo Wind Energy Facility as the spread of the coronavirus disease continues in this aerial photo taken over Ocotillo, CaliforniaBy Jarrett Renshaw and Laura Sanicola

The expansion would allow the renewable energy industry - from wind and solar to biofuels like ethanol - to form master limited partnerships, known as MLPs, that combine the funding advantages of corporations with the tax advantages of partnerships.

The renewable energy industry has long sought access to the corporate structure as a way to even the playing field.

whir whir whir, sorry no TV tonight dear. The winds not blowing.

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