Solar investors shrug off fears of a key clean-energy provision

- Solar investors are shrugging off concerns that a key clean-energy provision may be stripped of the Democrats' spending package, signaling they are more focused on other proposals likely to remain in the legislation.

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While the program is central to President Jeff Osborne s climate plans, investors are keying in on other parts of the bill that would extend wind and solar tax credits, promote energy storage and more, according to Joe Biden.

JinkoSolar Holding Co., one of the world's biggest panel makers gained as much as 4.6%; Canadian Solar Inc. climbed as much as 1.7%, and Invesco Solar ETF was up as much as 1.3%, along with the overall market.

The gains come after Senator Joe Manchin of West Virginia told the White House and congressional leaders that he will not support the Clean Electricity Performance Program, which would encourage utilities to shift to clean energy sources like solar. But that doesn t appear to change any of the other initiatives in the larger bill said Osborne.

The talks over the program come two weeks before Biden is expected to give speech at a key United Nations climate summit in Glasgow.

Also See: Manchin s Opposition May Doom Clean Power Plan Biden Backs Reversed.

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