(Reuters) -The U.S. Treasury Department on Friday unveiled stricter rules for how solar and wind projects can qualify for federal tax subsidies that President Donald Trump’s new tax and spending law is phasing out over the next two years.

The revisions change longstanding definitions for what it means for a project to be considered under construction by requiring developers of big solar arrays and wind farms to complete physical work rather than simply show that they have invested capital.

The changes are in response to an executive order Trump issued last month directing the Treasury Department to restrict tax credit eligibility unless a substantial portion of a facility is built. Since taking office in January, Trump has repeatedly sought to stall development of wind and solar energy,

See Full Page