Meta Signs 650 MW Solar Deal to Power Data Centers
Meta Platforms has secured two major solar energy agreements with AES Corporation, adding 650 megawatts of clean power for its data centers in Texas and Kansas. This move supports Meta’s goal of reaching 100% renewable energy for all U.S. data centers by 2030 and is part of a broader trend, as the U.S. is expected to add 26 GW of solar capacity in 2025, accelerating grid modernization and green energy adoption.[1]
UN Declares Global Renewable Energy Has Hit a Tipping Point
According to two new United Nations reports, 92.5% of new global electricity capacity in 2023 came from renewables, and wind and solar are now cheaper than all fossil fuels. The reports highlight that the rapid growth in renewables marks a significant global shift, but note that developing countries still face challenges in the energy transition.[5]
Utilities Rush Renewable Projects to Meet New U.S. Tax Credit Deadlines
U.S. utilities are expediting renewable energy projects to qualify for Inflation Reduction Act tax credits after the “One Big, Beautiful Bill Act” set a new one-year safe harbor period. Companies like Xcel Energy and CMS Energy are expected to move projects originally slated for 2030–31 up to 2027–28, impacting both grid infrastructure and clean energy deployment timelines.[2] [6]
UN Secretary General Urges ‘Supercharged Surge’ for Renewables
UN Secretary General Antonio Guterres called for accelerated investment and deployment of renewables, citing new data that shows $2 trillion was invested in clean energy last year, outpacing fossil fuels by $800 billion. Solar and offshore wind are now 41% and 53% cheaper than fossil fuels, respectively, with over 90% of new renewables producing electricity for less than the cheapest new fossil alternatives.[3]
91% of New Renewable Projects Outcompete Fossil Fuels on Price
An estimated 91% of new renewable energy projects worldwide are now cheaper than fossil fuel alternatives, following the addition of 582 GW of renewable capacity in 2024. This price advantage is driving rapid adoption of solar and wind for new power generation globally.[7]