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Solar becomes EU’s top power source in June 2025

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Solar power generated a record 22.1 per cent of the European Union’s electricity in June 2025, marking the first time it became the region’s largest single energy source. According to Ember, solar produced 45.4 TWh of electricity, surpassing nuclear (21.8 per cent) and wind (15.8 per cent). The shift was driven by a combination of expanded solar installations and favorable weather conditions. At least 13 EU countries set new solar generation records in June. Wind…

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Sumitomo to invest £7.5bn in UK clean energy and infrastructure by 2035

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Japan’s Sumitomo Corporation has committed to investing £7.5 billion ($10 billion) in the United Kingdom by 2035. The investment will focus on infrastructure, offshore wind, and hydrogen projects. The agreement was formalised through a memorandum of understanding (MoU) signed with the UK Department for Business and Trade. It includes both future investments and capital already deployed in ongoing ventures. Sumitomo has an established presence in the UK’s energy landscape. The company is involved in offshore…

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US faces 100-fold rise in blackout risk by 2030: DOE report

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A new report from the US Department of Energy (DOE) warns that blackouts could rise 100 times by 2030 if the country continues to retire firm power capacity without timely replacement. The report highlights the urgent need to add dependable generation as the US grid faces surging electricity demand. The Report on Evaluating US Grid Reliability and Security fulfills Section 3(b) of President Trump’s Executive Order focused on strengthening grid security. It presents a methodology…

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EU targets 90% emissions cut by 2040, launches Hydrogen Mechanism for clean industry

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The European Commission (EC) has proposed an amendment to the EU Climate Law, targeting a 90% reduction in net greenhouse gas emissions by 2040, compared to 1990 levels. The amendment builds on the legally binding commitment to climate neutrality by 2050, which came into effect in July 2021. The proposal is grounded in the Commission Political Guidelines for 2024–2029 and is part of a broader push to align industrial competitiveness, energy security, and decarbonisation. According…

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US Senate passes bill to cut clean energy tax credits by 2026

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In a tight 51–50 vote, the US Senate has passed the One Big Beautiful Bill, with Vice President JD Vance casting the tie-breaking vote. The bill brings major shifts to the country’s renewable energy policy. The most significant change is an accelerated phase-out of tax credits for wind and solar projects. To qualify for production and investment tax credits, construction must begin before June 2026. Projects must be operational by the end of 2027. Tax…

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Ofgem approves £24bn plan to upgrade UK energy networks

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Ofgem has cleared £24bn ($32bn) for upgrades to strengthen UK energy security and expand clean power. The investment is part of a broader £80bn plan to modernise the electricity grid and cut reliance on imported gas. £15bn will go to gas network safety. £8.9bn is for high-voltage electricity upgrades, with £1.3bn kept in reserve. Projects include 4400km of overhead line upgrades and 3500km of new circuits. Offshore investment will double compared to the last decade….

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Philippines issues draft policy for first nuclear power plant

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The Philippines Department of Energy (DOE) has released its first policy framework to guide the commercial development and operation of nuclear power plants. According to Malaya Business Insight, the policy allows for small modular reactors (SMRs), micro-modular reactors (MMRs), and floating nuclear plants, reflecting global trends in scalable and low-carbon technologies. The framework sets a target of integrating a 1,200 MW nuclear plant into the Philippine energy mix by 2032. The DOE will oversee implementation,…

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South Korea to dismantle Kori-1, its first nuclear decommissioning

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South Korea will begin decommissioning its first nuclear power plant, Kori-1, marking a major step in its energy policy shift. The plant, commissioned in 1978, will be dismantled over 12 years at an estimated cost of Won 1.1 trillion ($810 million). The Nuclear Safety and Security Commission has approved Korea Hydro and Nuclear Power’s (KHNP) plan, which met all technical and regulatory requirements. The project will involve handling around 170,000 tonnes of nuclear waste under…

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World Bank grants $146 mn to rebuild Syria’s electricity network

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The World Bank has approved a $146 million grant through the International Development Association (IDA) to restore Syria’s damaged power infrastructure. The Syria Electricity Emergency Project (SEEP) aims to repair high-voltage lines and substations, with a focus on war-affected regions and key 400kV interconnections with Jordan and Türkiye. Most parts of Syria currently receive just two to four hours of power daily, affecting water, healthcare, and food services. The Public Establishment for Transmission and Distribution…

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World Bank and IAEA partner to support nuclear energy in developing countries

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The World Bank Group has signed an agreement with the International Atomic Energy Agency (IAEA) to promote the safe and responsible use of nuclear energy in developing countries. The move marks the World Bank’s first direct engagement with nuclear power in decades. The memorandum of understanding focuses on three key areas: First, the IAEA will help the World Bank expand its knowledge of nuclear safety, new technologies, waste management, and reactor lifecycles. Second, it will…