Senate Energy Bill Proposes Tax Credit Phaseouts for Wind and Solar
A major energy bill introduced in the U.S. Senate proposes phasing out investment tax credits for new wind and solar projects starting in 2025. Projects beginning construction this year will still be eligible for 100% of the available investment credit, which could drive a surge in project starts before incentives decline.[1]
NYSERDA Sets Date for 2026 Voluntary Tier 1 REC Sales, Pricing Announcement Today
The New York State Energy Research and Development Authority (NYSERDA) announced that its 2026 Voluntary Tier 1 Renewable Energy Credit (REC) pre-sale will open on July 30, 2025, with pricing and available REC quantities to be revealed on July 7, 2025. This program allows eligible buyers—including utilities, municipalities, and businesses—to secure forward-priced RECs from New York solar, wind, and hydro projects, supporting compliance and voluntary sustainability goals.[1]
EU Renewable Electricity Share Drops in Early 2025 Despite Solar Gains
Renewable energy’s share of net electricity generation in the EU fell to 42.5% in the first quarter of 2025, down from 46.8% a year ago, as increased solar output was unable to offset significant declines in hydro and wind production. Denmark, Portugal, and Croatia led in renewables share, while several countries saw double-digit percentage point drops due to poor wind and hydro performance.[4]
GE Vernova to Supply Turbines for New 49-MW Wind Project in Spain
GE Vernova’s Wind segment signed an agreement to provide eight 6.1-MW turbines to Forestalia for a 49-MW wind project in Aragón, Spain, supporting the country’s target of 62 GW wind capacity by 2030. The deal builds on a broader framework to accelerate onshore wind development and boost Spain’s goal of generating over 80% of its electricity from renewables by the end of the decade.[7]
UK Solar Taskforce Publishes Roadmap to 50 GW Solar by 2030
The UK Solar Taskforce has released its Solar Roadmap, outlining strategies to scale up the nation’s installed solar capacity from 18 GW to nearly 50 GW by 2030. The plan highlights significant potential for both ground-mounted and rooftop solar, with ambitions to enhance energy security and reduce environmental impact.[3]
Iraq Commissions First Fully Solar-Powered Village
The Rwanga Foundation announced the completion of the Kulak Solar Village, Iraq’s first fully off-grid, solar-powered community, integrating renewable energy with sustainable agriculture and solar-powered irrigation. The village serves as a model for expansion across Kurdistan and central Iraq by 2030, with plans for community training and broader sustainability initiatives.[7]