North Sea States Aim for World’s Largest Energy Hub with Major Offshore Wind Investment Plan
North Sea countries are planning significant investments in offshore wind to create the world’s largest energy hub, enhancing grid infrastructure and renewable energy capacity.[2] This initiative focuses on expanding offshore wind generation to support regional energy security and export capabilities.[2]
Trump Policies Challenge US Renewables but Demand Growth Favors Solar, Wind, and Storage
The One Big Beautiful Bill Act imposes a July 4, 2026, construction start deadline for wind and solar projects to qualify for Inflation Reduction Act tax credits, alongside strict foreign entity of concern rules.[3] Despite policy headwinds, renewables are poised to meet surging power demand from data centers due to faster deployment times compared to gas or nuclear, with solar and storage expected to dominate new capacity additions.[3][10] States like California are advancing transmission accelerators to unlock queued clean energy projects.[3]
Global Renewables Surge Led by China, with Solar and Wind Growth Projected at 20% in 2026
The IEA forecasts global solar and wind power generation to grow 20% in 2026, driven by demand, energy security, and competitiveness, with China leading solar additions.[6][4] Battery storage deployment is accelerating to support this expansion, particularly in the US where hyperscalers seek 24/7 clean power.[6][10] Renewables are expected to meet over 90% of electricity demand growth, surpassing coal as the top source.[4]
US Developers Shift to Safe-Harbor Renewables and Storage Amid FEOC Rules and ITC Deadlines
New foreign entity of concern rules and the elimination of the 5% safe harbor test are prompting US developers to prioritize mature solar, wind, and storage projects for ITC eligibility by 2027.