DESRI Begins Construction on 205-MW Solar and Storage Project in Arizona
D. E. Shaw Renewable Investments (DESRI) has commenced construction on the Catclaw Solar and Storage project, a 205-megawatt facility in Buckeye, Arizona. The site will include a 1,000 MWh energy storage system and is expected to supply enough electricity to power about 40,000 homes annually when it begins operations in 2026, supporting Arizona’s growing demand for reliable, clean energy[1].
Sunnova Files for Bankruptcy Amid Residential Solar Industry Challenges
Sunnova Energy, a major residential solar panel installer, has filed for Chapter 11 bankruptcy protection following mounting debt and declining demand. The company will sell certain assets to Atlas SP Partners and Lennar Homes, continue operations during the sale process, and has announced layoffs affecting 55% of its workforce, highlighting the pressure facing the residential solar sector due to higher interest rates and policy changes in key markets[1].
U.S. Solar and Energy Storage Set for Record Growth in 2025
The U.S. power grid is projected to add 63 GW of new utility-scale capacity in 2025, led by nearly 49 GW of solar power and significant growth in energy storage. Texas, the MISO region, and PJM Interconnection are leading in planned solar projects, driven by lower panel prices, government incentives, and increasing demand for clean electricity from businesses and households[6].
Lazard Report: Utility-Scale Solar and Wind Remain Most Cost-Effective New Energy Sources
Lazard’s 2025 Levelized Cost of Energy+ report confirms that utility-scale solar and onshore wind continue to be the most cost-effective options for new-build electricity generation despite ongoing macroeconomic challenges and industry headwinds. This further strengthens the economic case for large-scale renewable projects as the backbone of the energy transition[3].
EU Launches Affordable Energy Action Plan to Cut Costs and Boost Clean Energy
During the 2025 European Sustainable Energy Week, the European Commission unveiled its Affordable Energy Action Plan, aiming to save €45 billion in energy costs this year while accelerating the continent’s shift to renewables and improving energy security. The initiative builds on previous efforts, including increased renewable targets for 2030 and diversified energy supply agreements since 2022[2].
Senate Advances Proposals to Scale Back Clean Energy Tax Credits
The U.S. Senate is considering proposals to reduce certain clean energy tax credits established under the Inflation Reduction Act, a move that could impact future investments in renewable energy and energy storage projects. The changes, if enacted, would adjust the financial incentives driving much of the recent growth in clean energy deployment