Illinois Passes Clean and Reliable Grid Affordability Act
The Illinois General Assembly passed the Clean and Reliable Grid Affordability Act, solidifying the state’s position as a clean energy leader and bringing billions in benefits to businesses and residents through expanded renewable energy and grid modernization initiatives[1].
European Renewable Profitability Faces Pressure from Low Prices
European electricity markets, especially in Spain, are experiencing historic lows in wholesale prices due to solar-hour saturation, with over 775 hours of zero or negative prices in 2025, challenging the profitability of renewable projects and highlighting the urgent need for capacity mechanisms and grid flexibility[2].
Redwood Materials Secures $350 Million for Battery Recycling
Battery recycler Redwood Materials raised $350 million to convert used batteries into renewable energy storage solutions for data centers and other applications, supporting the expansion of energy storage infrastructure[3].
China’s PowerChina Completes First Offshore Wind Project in Vietnam
PowerChina has completed its first offshore wind power project in Vietnam’s Mekong Delta, marking a significant milestone in the country’s green energy transformation and contributing to Vietnam’s net-zero emissions goals[4].
Saudi Arabia Awards 4.5 GW of Solar and Wind Projects
Saudi Arabia has awarded contracts for 4,500 MW of new solar and wind capacity, signaling a major expansion of renewable energy infrastructure in the region[5].
US Sees Surge in Solar and Storage Manufacturing Facilities
In 2025, 65 solar and storage component production facilities have come online or expanded in the US, driven by $4.5 billion in investment, marking a significant step toward reshoring clean energy manufacturing[6].