President Trump Signs “One Big Beautiful Bill Act,” Phasing Out Key Renewable Energy Tax Credits
President Trump signed the “One Big Beautiful Bill Act” into law, introducing significant changes to renewable energy tax incentives by phasing out the Code Section 45Y clean electricity production credit and the Code Section 48E clean electricity investment credit for solar and wind projects that do not begin construction by July 4, 2026. The law creates urgency for developers to start projects soon, as projects started after this date will not qualify for the credits, with battery storage and certain other technologies still eligible under different timelines.[3][5]
Germany’s Renewable Share Dips, but Solar Expansion Accelerates in First Half of 2025
Renewables supplied about 54% of Germany’s electricity in the first half of 2025, a drop from 57% the previous year, mainly due to weak wind conditions and reduced hydropower output. Solar PV production, however, climbed 23% year-on-year, driven by ongoing expansion, yet this growth could not fully offset declines in wind and hydro generation.[7]
Global Renewable Capacity Sets Record Pace, but Still Short of 2030 Tripling Target
In 2024, a record 582 GW of renewable power capacity was added globally—a 15.1% annual growth rate and the largest increase since 2000—bringing the world closer to tripling installed renewable capacity by 2030. However, this growth rate remains below what is needed to meet the 11 TW global target, with Asia leading new installations and Europe and North America also seeing significant expansions.[2]
Irish Wind Generation Breaks June Record; India’s Renewables Surpass 50% of Power Mix
Ireland set a new national record for wind energy generation in June, underscoring the country’s strong wind resource and investment in renewables. Meanwhile, India reached a major milestone with non-fossil sources now providing half of its electricity needs, reflecting rapid growth in solar and wind capacity.[1]
LS Power Rebrands ENGIE Services U.S. to Opterra Energy Services, Expanding Distributed Energy Offerings
LS Power completed its acquisition of ENGIE Services U.S. and rebranded the company as Opterra Energy Services, expanding its distributed energy services portfolio. Opterra will continue to deliver energy management, procurement, and sustainability solutions, signaling increased competition and opportunity in supporting corporate and municipal decarbonization.[8]