Arevon’s $2 Billion Eland Solar-plus-Storage Project Now Fully Operational in California
Arevon announced that its Eland project, one of the largest solar-plus-storage installations in the U.S., has reached full operations. The facility will generate 7% of Los Angeles’s electricity needs, providing reliable, homegrown power to more than 266,000 homes annually and strengthening grid resilience[1].
IRS Tightens Construction Start Rules for Wind and Solar Facilities
The IRS released Notice 2025-42, limiting the use of the 5% Safe Harbor rule for determining construction start to smaller solar projects (≤1.5 MW), effective for facilities not begun before September 2, 2025. Larger wind and solar projects must now rely more on the Physical Work Test, though the four-year safe harbor for project continuity remains in place, with the changes not impacting battery storage or nuclear projects[4].
World Bank and Clean Technology Fund Back Major Power Transmission Upgrade in Türkiye
Türkiye has secured over €625 million in World Bank financing for a large-scale power transmission project that will modernize and expand infrastructure to support more solar and wind generation. This initiative, as part of Türkiye’s Renewable Energy 2035 strategy, targets 120 GW of renewables by 2035 and aims to enhance energy security and meet net-zero emissions goals[5].
DOE Issues Emergency Orders to Keep Aging Power Plants Online Amid Summer Heatwave
Due to extreme temperatures across the eastern U.S., the Department of Energy invoked emergency powers to keep several retiring fossil fuel plants, including Talen Energy’s H.A. Wagner Unit 4 and Constellation Energy’s Eddystone Units, running temporarily for grid reliability. This move highlights ongoing tensions between grid resilience needs and emissions targets during peak demand periods[6].
New York Launches Innovative Energy Storage Incentive Program
New York State has introduced a Bulk Energy Storage RFP with a new Index Storage Credit (ISC) mechanism, which rewards storage projects based on operational availability and market participation. The ISC is expected to provide long-term revenue certainty for storage operators and could serve as a model for similar programs in other states as storage becomes a more critical grid resource[6].
Rapid Global Growth in Wind and Solar Output Continues
Wind and solar power output worldwide is projected to surpass 6,000 TWh by 2026, reflecting extremely rapid expansion in renewable energy generation. This trend underlines renewables’ accelerating role in the global energy mix, driven by falling costs and supportive policies[7].
UN Report: Renewable Energy Now Rivals Fossil Fuels in Installed Capacity
A new United Nations report highlights that renewables now nearly match fossil fuels in global installed power