UN Report: Renewables Now Nearly Match Fossil Fuels in Global Installed Capacity
A new United Nations special report reveals that renewable energy power capacity now nearly matches that of fossil fuels worldwide, driven by significant investments since the Paris Agreement. The report highlights that almost all new power capacity added in 2024 came from renewables, which now generate nearly a third of global electricity and employ almost 35 million people globally, underscoring the robust economic momentum of clean energy sectors.[3]
Texas Surpasses California in Installed Solar Capacity Amid Regulatory Shifts
Texas has overtaken California as the state with the largest installed solar capacity in the U.S., with energy storage deployment gaining pace to support booming demand from data centers, manufacturing, and population growth. The end of the 89th Texas legislative session and the passage of the One Big Beautiful Bill Act have brought greater clarity to renewable project permitting and grid reliability rules, while new federal tax equity policies are reshaping market dynamics for developers and investors.[4]
Australia to Expand Renewable Energy Underwriting Scheme
The Australian government has announced plans to “substantially increase” its renewable energy underwriting scheme in response to concerns about the country meeting clean energy targets. This move aims to accelerate investment in grid-scale renewables and bolster infrastructure resilience against climate-related risks.[7]
Strategic Status Awarded to European Battery Storage System Under Net-Zero Industry Act
The Exeron (X-BESS) battery energy storage system, manufactured by Bulgaria-based International Power Supply, has been officially designated as a strategic project under the EU’s Net-Zero Industry Act Regulation. This designation is intended to boost European battery manufacturing capacity and accelerate the deployment of grid-scale storage technologies to support the continent’s energy transition.[1]
Major Green Hydrogen Projects Advance in California
The Avina project in Vernon is set to become one of the largest hydrogen production and dispensing facilities in the U.S. when it opens this fall, while the Los Angeles Department of Water and Power is converting its largest gas-fired power plant to operate with a blend of natural gas and hydrogen. These initiatives are part of a broader strategy to use green hydrogen for long-duration energy storage and decarbonization of hard-to-electrify sectors.[5]
Air Liquide Approves 200-MW Green Hydrogen Electrolyser in Rotterdam
French industrial group Air Liquide has taken a final investment decision to build a 200-MW electrolyser at the Port of Rotterdam, with TotalEnergies as a major offtaker. The project, aligned with EU decarbonization goals, will significantly expand green hydrogen production capacity for industrial and transportation uses in Europe.[1]
IEA: Renewables Set to Surpass Coal Globally by Early 2026
According to the International Energy Agency, renewable electricity is on track to surpass coal globally by early next year, as wind and solar continue to outcompet