Arizona Governor Issues Executive Order to Accelerate Solar Development
Arizona Governor Katie Hobbs signed an executive order in September 2025 establishing the state’s commitment to renewable energy growth despite federal policy headwinds, forming a task force to streamline permitting and facilitate large-scale solar expansion to meet surging electricity demand.[3] This move is positioned as a proactive state-level response to recent federal rollbacks impacting renewables.[3]
California Approves West-Wide Regional Electricity Market and Tax Relief for Solar
California lawmakers passed a bill to create a regional electricity market allowing the state to sell renewable energy to other Western states, aimed at bolstering grid flexibility and renewables integration.[3] Another bill, awaiting the governor’s signature, would retroactively remove state taxes on Inflation Reduction Act (IRA) solar project benefits, enhancing economic incentives for solar deployment.[3]
U.S. Faces 18% Decline in Solar Growth Amid Federal Policy Shifts
The SEIA’s latest “U.S. Solar Market Insight” report warns that new anti-solar federal policies could result in a loss of 44 GW of new solar projects by 2030, an 18% reduction from previous forecasts.[3] Near-term growth is supported by projects underway and a rush to meet tax credit deadlines, but the long-term outlook is less certain.[3]
Renewable Energy Buyers Turn to REC Market as Subsidies End
The rollback of major federal subsidies, including the One Big Beautiful Bill (OB3), is expected to increase renewable project costs by up to 30% and trigger a 30% drop in future capacity, putting $350 billion of investment at risk.[1] As Power Purchase Agreement (PPA) prices rise and deals decline, buyers are increasingly relying on the unbundled Renewable Energy Certificate (REC) market for more predictable, flexible access to clean energy.[1]
Soluna Secures $100 Million Credit Facility to Expand Green Data Center Infrastructure
Soluna announced a scalable credit facility of up to $100 million from Generate Capital, with an initial $12.6 million draw to fund refinancing and construction of data center projects that support renewable-powered Bitcoin hosting and green computing in Texas.[2] This financing i