U.S. Senate Energy Bill Proposes Phaseout of Wind and Solar Tax Credits
A newly proposed Senate energy bill would phase out federal tax credits for wind and solar projects, with projects starting in 2025 still qualifying for 100% of the Investment Tax Credit (48E). This shift signals a major regulatory change for renewable developers and could affect project planning and financing strategies in the near future.[1]
NYSERDA Details 2026 Voluntary Tier 1 REC Pre-Sale for Renewable Energy
The New York State Energy Research and Development Authority (NYSERDA) announced the timeline and requirements for the 2026 voluntary Tier 1 Renewable Energy Certificate (REC) pre-sale, with sales opening July 30 and closing August 13, 2025. Eligible buyers—including commercial, industrial, and municipal entities—can secure forward-priced RECs from New York-based solar, wind, and hydro projects, supporting sustainability commitments and procurement planning.[1]
U.S. Solar and Energy Storage Set for Record Growth in 2025
The U.S. power grid is projected to add 63 GW of new utility-scale generating capacity in 2025, with nearly 49 GW coming from solar and significant contributions from energy storage. Texas leads in new solar capacity, and strong growth is attributed to falling panel prices, tax incentives, and increased demand for clean electricity from businesses and households.[2]
Long-Duration Energy Storage (LDES) Emphasized as Key to Renewable Integration
Industry leaders at London Climate Action Week highlighted the critical need for scaling long-duration energy storage (LDES) to manage the intermittency of renewable energy and achieve a resilient, low-carbon grid. New guidance urges investment in LDES technologies, which are essential to tripling global renewables by 2030 and reducing electricity costs through improved flexibility and curtailment reduction.[4]
GE Vernova to Power New 49-MW Onshore Wind Project in Spain
GE Vernova has signed an agreement to supply eight 6.1-MW wind turbines for a 49-MW project in Aragón, Spain, as part of Spain’s larger goal to reach 62 GW of wind capacity by 2030 and achieve over 80% renewable electricity generation by decade’s end. The project forms part of Forestalia’s extensive renewable portfolio and Spain’s ongoing transition away from fossil fuels.[5]
Iraq Launches First Fully Solar-Powered Village
The Rwanga Foundation announced the completion of the Kulak Solar Village, Iraq’s first off-grid solar-powered community, integrating renewable energy with sustainable agriculture and solar-powered irrigation. The model, which includes community training programs, is set to expand across Kurdistan and central Iraq by 2030 to promote regional sustainability.[5]
World Energy Access Progresses but Universal Goal Still Elusive
The 2025 Energy Progress Report finds that