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Solar developer announces job cuts after sped-up ITC phaseout
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Solar developer announces job cuts after sped-up ITC phaseout
Renewable-energy development company formed from a unit of the former Borrego Solar outlines a strong financial foundation but also job curtailments needed to preserve financial strength.New Leaf Energy has laid off about a fifth of its workforce – 41 out of 217 employees – in explicit response to a recent Congressional budgetary decision to accelerate the phaseout of a federal investment tax credit (ITC) for solar and wind energy. Previously av…
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