US Unveils 45X Tax Credit: Revolutionizing Renewable Energy

21 Dec 2023 CW Team

In a landmark move, the United States government has released comprehensive guidance aimed at propelling the renewable energy sector forward. This significant development involves a substantial 45X tax credit, reshaping the financial landscape for green initiatives.

The guidance outlines a clear path for businesses and investors, navigating the intricate tax credit framework. This initiative is poised to drive unparalleled growth in renewable energy projects, fostering innovation and sustainability. Key aspects of the guidance include eligibility criteria, project timelines, and the calculation methodology for the 45X tax credit.

The government underscores the importance of transitioning to cleaner and more sustainable energy sources, aligning with global efforts to combat climate change. Investors interested in capitalizing on this opportunity should focus on sectors like solar, wind, and other green technologies.

The guidance highlights the government's commitment to creating an environment conducive to clean energy investments, marking a paradigm shift in the nation's energy landscape. Renewable energy, tax incentives, and sustainable development emerge as crucial keywords within this transformative guidance. As the world addresses environmental challenges, the US sets a precedent with this forward-thinking initiative, positioning itself as a leader in the global pursuit of a greener and more sustainable future.

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..