US President Donald Trump has signed an executive order for the elimination of subsidies for unreliable green energy sources like wind and solar. The move is in furtherance of the One Big Beautiful Bill Act. The inked order directs the Secretary of the Treasury to terminate the clean electricity production and investment tax credits for wind and solar facilities.
It also instructs for the implementation of the enhanced Foreign Entity of Concern restrictions, as identified in the One Big Beautiful Bill Act. Further, the order directs the Secretary of the Interior to revise regulations and policies to eliminate preferential treatment for wind and solar facilities compared to reliable, dispatchable energy sources.
Earlier in July 2025, the US Senate passed the One Big Beautiful Bill, bringing changes to the country’s renewable energy framework. The bill was passed with a 51-50 vote, with Vice President JD Vance casting the tie-breaking vote. The bill introduces an accelerated phase-out of tax credits for wind and solar energy projects.
