U.S. Wind and Solar Power Purchase Agreement Prices Surge After Loss of Tax Credits
The average cost of U.S. wind and solar PPAs has risen 4% since the July passage of the One Big Beautiful Bill Act, which eliminated most major clean energy tax credits, with some offers increasing by nearly $20/MWh for projects starting construction this year[1]. Nearly a third of developers now plan to suspend or cancel projects, and PPA buyers are rushing to lock in supply before incentives disappear[1].
Global Renewable Growth Exceeds Targets, But Governments Lag in Raising Official Ambition
Record solar and wind deployment in 2025 will meet 90% of global electricity demand growth, but most countries have not updated their national targets since pledging to triple renewables at COP28, and current policies would only double capacity by 2030[3]. The clean energy boom is largely market-driven and not matched by increased government ambition, which risks missing climate goals[3].
World Bank and Clean Technology Fund Approve Major Power Transmission Expansion for Türkiye
The World Bank approved a €625 million loan to support Türkiye’s modernization and expansion of its power transmission system, enabling integration of large-scale wind and solar and supporting the country’s target of 120 GW renewable capacity by 2035[4]. The project is aligned with Türkiye’s net-zero goal for 2053 and aims to unlock private investment while strengthening grid resilience[4].
Renewables Hit 25% of U.S. Power Mix Amid Rising Antitrust Scrutiny
In 2025, renewables are projected to provide 25% of U.S. electricity—slightly ahead of the EU—with global renewables on track to meet 50% of demand by 2030[5]. With the sector’s growth, antitrust and merger control issues are multiplying, as deal values and new capital flows attract heightened regulatory attention[5].
U.S. Clean Energy Sector Faces Political and Regulatory Risks After OBBBA Passage
The One Big Beautiful Bill Act, signed in July, repealed most major clean energy tax credits, creating new political risks for developers and pausing or withdrawing approval fo