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Green energy companies see secure future in Obama's plan

Plan to force utilities to use renewable sources to produce electricity offers a degree of stability over next 15 years

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Renewable energy sources like wind and solar depend heavily on government support such as procurement mandates and tax subsidies.

New York

SOLAR and wind energy in the US is likely to have a secure future thanks to President Barack Obama's plan to cut carbon emissions by forcing utilities to use renewable sources to produce electricity, the industry said on Monday.

With its 2030 deadline, Mr Obama's Clean

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