India Adds Record 22 GW of Renewables in First Half of 2025
India installed a record 22 GW of new renewable energy capacity in the first six months of 2025, marking a significant acceleration in its clean energy deployment and reinforcing its commitment to meet ambitious climate goals. This surge is fueled by extensive investments and favorable policy frameworks supporting solar and wind projects nationwide.[1]
Major U.S. Clean Energy Tax Credits Set to Expire Under “One Big Beautiful Bill Act”
President Trump signed the “One Big Beautiful Bill Act,” which will fully sunset the Section 45Y clean electricity production credit and Section 48E investment credit for solar and wind projects not placed in service by the end of 2027, creating uncertainty for new renewable investments. An executive order issued July 7 further directs the Treasury to tighten qualifying criteria for project commencement, raising further concerns for the sector’s near-term growth.[6][7]
U.S. Utility-Scale Solar Growth Continues, but Pipeline Faces Contraction
The U.S. added 8.6 GW of solar modules in Q1 2025, with utility-scale solar accounting for 9.0 GWdc of new projects, though installation rates declined 7% year-over-year amid policy and tariff uncertainties. Major corporations including Meta and Amazon accounted for over half of newly contracted solar capacity, but future growth is threatened by the looming expiration of federal incentives and ongoing trade disputes.[2]
Spain Advances Wind Power With New GE Vernova–Forestalia Project
GE Vernova signed an agreement to supply eight 6.1-MW turbines for Forestalia’s 49-MW wind project in Aragón, Spain, supporting the country’s target of 62 GW of wind by 2030. This project is part of Spain’s broader ambition to generate over 80% of electricity from renewables by decade’s end.[3]
Iraq Commissions First Fully Solar-Powered Village
The Rwanga Foundation inaugurated the Kulak Solar Village, Iraq’s first fully off-grid, solar-powered community, integrating renewable energy with sustainable agriculture and aiming to serve as a model for expansion across the region. The project supports solar-powered irrigation and community training in regenerative agriculture, with plans to replicate the model in Kurdistan and central Iraq by 2030.[3]