Energy News Digest – July 11, 2025
Major U.S. Clean Energy Tax Credit Changes Signed Into Law President Trump signed the “One, Big, Beautiful Bill Act” on July 4, 2025, enacting substantial changes to federal renewable energy tax credits. The residential solar tax credit (ITC) will end after 2025, with no phase-out period; homeowners must have systems installed and commissioned by December […]
Energy News Digest – July 10, 2025
Solar Becomes EU’s Largest Power Source for First Time in June 2025 For the first time ever, **solar energy was the largest single source of electricity in the EU in June 2025**, accounting for a record 22.1% share of the power mix. This milestone comes as wind and hydro output declined year-on-year, underscoring the shifting […]
Energy News Digest – July 9, 2025
US Energy Firms Accelerate Spending on Power Plants for Data Centers US energy companies are investing record sums in new power plant infrastructure to meet surging electricity demand from data centers, driven by the rapid expansion of artificial intelligence and cloud computing. This trend is reshaping grid planning and prompting utilities to prioritize reliable, large-scale […]
Energy News Digest – July 8, 2025
Tech Giants Drive Data Center Decarbonization with Dedicated Renewable Projects Major cloud providers are rapidly investing in dedicated renewable energy sources, with Meta launching Missouri’s first utility-scale solar farms (430 MW) exclusively for its data centers and Google partnering with Intersect Power to co-locate new solar, wind, and battery capacity at future campuses. Data center […]
Energy News Digest – July 7, 2025
Senate Energy Bill Proposes Tax Credit Phaseouts for Wind and Solar A major energy bill introduced in the U.S. Senate proposes phasing out investment tax credits for new wind and solar projects starting in 2025. Projects beginning construction this year will still be eligible for 100% of the available investment credit, which could drive a […]
Energy News Digest – July 6, 2025
EU Releases New Guidance to Accelerate Renewables and Grid Modernization The European Commission has issued new guidance to member states aimed at accelerating the deployment of innovative renewable energy technologies, such as ocean energy and floating offshore wind, and expediting the rollout of grid and storage infrastructure. The recommendations support the implementation of the revised […]
Energy News Digest – July 5, 2025
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 […]
Energy News Digest – July 4, 2025
US Senate Energy Bill Proposes Phaseouts for Wind and Solar Tax Credits A new Senate energy bill proposes a schedule for reducing tax credits for wind and solar projects, with projects starting in 2025 still qualifying for 100% of the Investment (48E) and Production (45Y) tax credits. This move signals a shift in federal policy […]
Energy News Digest – July 3, 2025
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 […]
Energy News Digest – July 2, 2025
Senate Passes Budget Megabill Curtailing Clean Energy Tax Credits, Drops Wind and Solar Excise Tax The U.S. Senate passed an amended Republican budget megabill that significantly reduces the scope of clean energy tax credits but ultimately removed a controversial excise tax on wind and solar projects. The new bill sets a phaseout deadline for wind […]