GE Vernova to Supply Wind Turbines for 49-MW Spanish Project
GE Vernova’s Wind segment signed an agreement to provide Forestalia with eight 6.1-MW wind turbines for a 49-MW onshore wind project in Aragón, Spain. This project supports Spain’s goal to install 62 GW of wind capacity by 2030 and generate over 80% of its electricity from renewables by decade’s end[1].
Iraq Launches First Fully Solar-Powered Village
The Kulak Solar Village in Iraq became the country’s first fully off-grid solar-powered community, integrating renewable energy with sustainable agriculture. The initiative aims to expand across Kurdistan and central Iraq by 2030 as part of the Rwanga Foundation’s Green Kurdistan campaign[1].
Global Renewable Energy Investment Hits Record High Amidst Challenges
The International Energy Agency (IEA) reported record-high global investments in clean energy, with solar power attracting around $450 billion in 2025. However, policy uncertainties, especially in the U.S., and insufficient grid infrastructure investments (~$400 billion/year) pose risks to renewable deployment and energy reliability[2].
World Business Council for Sustainable Development Highlights Need for Long Duration Energy Storage
At London Climate Action Week, WBCSD emphasized that accelerating renewables alone is insufficient without scaling Long Duration Energy Storage (LDES). LDES technologies enable continuous access and flexibility for renewable energy, crucial for grid resilience and achieving cost-effective net zero emissions by 2030[4].
U.S. Senate Plans to Remove Tax on Solar and Wind Projects in Budget Bill
A Senate amendment is set to remove a controversial excise tax on solar and wind projects, allowing them to qualify for tax credits if construction begins within one year of the bill’s enactment. However, projects must still be placed in service by the end of 2027, addressing concerns from clean energy developers about tax credit phase-outs[5].
European Commission Issues New Guidance to Accelerate Renewables and Grid Infrastructure
The EU Commission released guidance to help member states accelerate the deployment of innovative renewable technologies like ocean energy, floating offshore wind, and agrisolar, alongside grid and storage infrastructure upgrades. This initiative supports the implementation of revised renewable energy directives and aims to lower electricity costs and bills across Europe[8].