India reaches 50% non-fossil energy milestone before 2030 clean energy goal
India announced on Monday that it had achieved 50% of its installed capacity using non-fossil sources of energy, five years before its 2030 target set under the Paris Agreement. This is a sign of accelerating momentum for the country's transition to clean energy. India's renewable energy output has risen at the fastest rate since 2022 during the first half 2025. Coal-fired power generation, however, fell by nearly 3%. Over two-thirds (67%) of the power generated last year was still from fossil fuels. India plans to increase coal-fired power by 80 GW to meet the rising demand. Since then, the country has increased its solar and wind energy.
SAEL, an Indian company that invests in clean energy, will invest $954 million dollars to build a solar manufacturing facility
The Indian renewable energy company SAEL Industries Ltd announced on Monday that it will invest 82 billion rupies ($954.04million) in order to build an integrated solar cell-and-module manufacturing facility capable of producing 5 gigawatts (GW) per year. The plant in Greater Noida, one of the biggest investments in solar manufacturing in India to date, will increase SAEL's module production capacity from 8.5 GW to 10.5 GW. Construction is scheduled to start this year. This move is in line with India's efforts to localise the solar manufacturing.
Sources say that India's Assam State has halted its green hydrogen policy, a setback for investors.
Government and industry sources confirmed that Assam, a state in northeast India, has put on hold its green hydrogen policy, shocking investors who were already suffering from a reduction of incentives for clean energy project. The largest state in the northeast has tried to attract large investments to a region which has lagged far behind the rest of the country when it comes to renewable energy adoption. It has offered financial incentives and exemptions for electricity. Four sources familiar with the matter said that energy firms such as NTPC Green and Larsen And Toubro in Singapore…
Sources say that India's Assam State has halted its green hydrogen policy, a setback for investors.
Government and industry sources confirmed that Assam, a state in northeast India, has halted its green hydrogen policy, shocking investors who were already suffering from a reduction of incentives for clean energy project. The largest state in the northeast has tried to attract large investments to a region which has lagged far behind the rest of the country when it comes to renewable energy adoption. It has offered financial incentives and exemptions for electricity. Four sources familiar with the matter said that energy firms such as NTPC Green and Larsen And Toubro in Singapore…
China adopts its first standards for renewable steel, cement, and polysilicon
According to a notice published by the National Development and Reform Commission on Friday, China has set for the first-time renewable energy mandates in the steel, polysilicon, and cement industries as well as some data centres. Beijing's Renewable Portfolio Standards, or RPS (Renewable Portfolio Standards), set targets for the percentage that each province must achieve in terms of its power consumption from renewable sources. David Fishman, principal of the Lantau Group - an energy consultancy - said in an online posting that the RPS previously only affected companies in the power trading industry and electrolytical aluminum industry.
India's Inox Clean Energy files IPO via confidential route
A newspaper advertisement revealed that India's Inox clean energy filed IPO draft documents with the country’s markets regulator on Friday via the confidential route. Mint, citing PTI news agency, reported that the offering could be worth up to 60 billion rupees. Inox Clean Energy, the latest renewable energy producer, is planning to go public. This follows NTPC Green Energy’s $1.2 billion IPO, which took place in September 2024. As more companies seek to increase investments and expand portfolios, Inox Clean Energy has decided to follow suit.
Temasek invests $7.8 billion in Europe last year and sees new opportunities.
Singapore's Temasek state investor sees increasing investment opportunities in Europe, as trade tensions have a positive impact on the economy and make some companies more appealing in terms of valuations. A senior executive said this on Thursday. The global market volatility that followed U.S. president Donald Trump's "Liberation Day", on April 2, was a result of a trade war. Some investors have shifted their focus to European assets. Temasek executives said that they see this macroeconomic climate as an opportunity to consider more companies in Europe. "When you look at Europe there is still a huge gap between the U.S.
Spot prices are lowered by a combination of wind power, nuclear energy and a shaky demand.
The European wholesale electricity prices fell on Thursday due to lower demand and higher wind generation, particularly in Germany. The market was impacted by the bearish factors, which overrode any impact from the tighter solar output. This is due to the rising temperatures expected into the next week that will increase the demand for power. French baseload electricity for Friday fell 7.3% to 51 euros ($59.83 per megawatt-hour) at 0745 GMT. The German equivalent contract dropped 8.4% to 86.8 Euro/MWh. LSEG data shows that the wind power output in Germany will increase from 5.9 GW to 11 GW per day.
Masdar and Iberdrola, both from the UAE, invest in a 1.4 gigawatt UK wind farm
Masdar, Abu Dhabi's renewable energy company owned by the government and Iberdola of Spain will invest together in a 1.4 Gigawatt (GW), wind farm in United Kingdom. This was announced in a Thursday statement from Masdar's parent firm TAQA. According to the statement, it is estimated that the project will cost approximately 5.2 billion euro ($6.10 billion) and that 24 international banks have signed agreements for project financing of around 4.1 billion euro. According to the agreement, Masdar will hold 50% of the assets, East Anglia THREE.
Morocco builds data center powered by renewable energy
Morocco is planning to build a 500-megawatt data center powered by renewable energies to improve the security of data storage. This was announced by its minister for digital transition. Amal El Fallah Seghrouchni, a spokesperson for the Western Sahara Government, said that he was unable to provide any details about cost or timeline. These centres are being built by several countries to store and process sensitive data within their national borders. These centres may be operated or owned by private or state-owned companies, but the data will remain under the jurisdiction of the country that hosts them.
EIA: US power consumption will reach new highs by 2025 and 26.
The U.S. Energy Information Administration stated in its short-term outlook for energy on Tuesday that the U.S. will reach record levels of power consumption in 2025 and in 2026. The EIA predicted that the power demand would rise to 4,189 kilowatt-hours in 2025, and 4,278 kWh by 2026. This is up from 4,097 kWh at a record in 2024. These increases are due to the data centers that focus on artificial intelligence, cryptocurrency and homes and businesses using more electricity for heating and transportation and less fossil fuels. EIA estimates that by 2025, residential customers will consume 1,517 billion kWh of electricity.
Increased usage and lower German wind supply prompts a warning
The European wholesale electricity prices rose on Monday on lower German wind generation forecasts and increased demand for the day ahead. LSEG's research also indicated a lower wind speed in the Benelux area, adding some lignite and nucleus availability under generally neutral conditions. At 0735 GMT, the German baseload electricity for Wednesday was up 4.7% at 94.5 Euros ($111.09 per megawatt-hour (MWH). The French equivalent contract was not traded, but the bid-ask price range for it was 57-60 Euros after the close of 42 euros/MWh.
Trump's executive order aims to end wind and solar subsidies
On Monday, U.S. president Donald Trump directed federal agencies that they should strengthen the provisions of the One Big Beautiful Bill Act which repeal or modify tax credits for solar and wind projects. In an executive directive, Trump stated that renewable energy resources are unreliable and expensive. They also displace more reliable energy sources and depend on supply chains controlled by foreigners. The order instructs the Treasury Department to enforce the phase-out of tax credit for wind and solar project that was rolled back by the budget bill approved by Congress and signed by Trump last weekend.
Britain launches a strategy to expand offshore wind and create jobs
The government announced on Friday that Britain has launched its first onshore wind policy, which aims to increase renewable energy capacity and create jobs in this sector. Britain aims to decarbonise the electricity sector in its country by 2030, as part of its efforts to achieve its climate goals and boost energy security. It also wants to reduce its power costs through a reduction in its dependence on fossil fuels. The government stated that the move could create up to 45,000 jobs. The strategy includes 40 actions that will help to boost onshore projects.
State news agency reports that Saudi Arabia and Indonesia have signed several deals valued at around $27 billion.
Saudi Arabia and Indonesia have signed deals and memorandums worth $27 billion in the private sector, including in clean energy and petrochemicals. This was reported by Saudi state news agency SPA on Wednesday. On Wednesday, Indonesian President Prabowo Subito met with Saudi Crown Prince Mohammed bin Salman. According to the Saudi State News Agency, both sides agreed to strengthen their cooperation on the supply of crude and derivatives in the energy sector, improve the sustainability and efficiency of supply chains, and enhance cooperation in the mineral resources.
Trump's budget bill increases fossil fuels and hits renewable energy
The U.S. Senate approved a budget bill on Tuesday, and now the House of Representatives will debate it for final approval. This would slow down the development of solar and wind power, eliminate climate funding, and increase oil, gas, and coal production. The law drastically reduces the access to 30% tax credits for solar and wind energy projects, which were set to last until 2032 and on which developers relied for future projects. For projects to qualify for the subsidy they must either start service before the end of 2027 (one year earlier than the House Bill proposed) or begin construction one year after the adoption of the House Bill.
Shares in European Renewable Companies Rise After Revised US Senate Bill
Shares in European renewable energy companies rose on Wednesday after the U.S. Senate passed a revised budget bill the previous day which was more positive for wind power compared to an earlier version.U.S. President Donald Trump's "Big Beautiful Bill" makes it harder to develop wind and solar energy projects in the U.S. by effectively phasing out renewable energy tax credits after 2026 if projects have not started construction.In the Senate's final version, projects will be able to use the lucrative credits if they begin construction before 2026.
Shares of European renewable energy companies rise following revised US Senate bill
The shares of European renewable energy companies increased on Wednesday, after the U.S. Senate approved on Tuesday a revised version of its budget bill which was more favorable for wind power than an earlier version. The "Big Beautiful Bill", signed by Donald Trump, makes it more difficult to develop solar and wind energy projects in the U.S. The end date for wind and solar projects that start construction after this is 2027. The revised Senate bill excludes from the deadline all projects that begin construction in the next 12 month.
Senate bill still deals a big blow to renewables despite last-minute amendments
Industry advocates and legislators said that the massive U.S. Senate budget bill passed on Tuesday would make it more difficult to develop solar and wind energy projects despite the removal some controversial provisions. After last-minute talks with Republican senators who wanted better terms for renewable energy, the Senate dropped its proposed excise taxes on solar and wind projects that didn't meet strict criteria. Iowa Senator Joni Ernest, Iowa Senator Chuck Grassley, and Alaska Senator Lisa Murkowski - whose votes were critical to the bill's passing - had proposed an amendment that called for the removal of this tax.
Zelestra, a Spanish renewable energy company, has received an additional $280 million for financing.
Leo Moreno, chief executive of Spain's Zelestra, said that the company has received a loan increase in the amount of 235 million euros ($277 millions) to help develop renewable energy projects across Europe, America and other countries. Zelestra, owned by the Swedish investment firm EQT (formerly known as Solarpack), has expanded beyond solar energy to include wind power and storage assets. The sustainability-linked financing, provided by a pool of 11 banks, dates back to 2023. The loan value has increased by 770 millions euros. This is the second time the loan was raised after a previous one.
