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Corporate buyers drive US clean energy growth, report finds

Corporate purchasers are increasingly driving renewable energy development in the US, according to a report commissioned by the Clean Energy Buyers Association (CEBA). The study found that without voluntary commitments from companies to buy renewable...

Solar and storage equipment costs to rise from Q4 2025

Solar and energy storage developers will face higher equipment prices from Q4 2025 due to Chinese policy changes and production cuts, according to Wood Mackenzie. This marks an end to the 18-month period of unusually low prices in the market. The...

US DOE cancels 321 energy awards, saving $7.56 billion

The US Department of Energy (DOE) has terminated 321 financial awards linked to 223 projects, generating an estimated $7.56 billion in taxpayer savings. The decision follows a comprehensive review that found these projects did not meet national...

Solar becomes top electricity source in EU in Q2 2025

Solar energy became the leading source of electricity generation in the European Union (EU) during the second quarter of 2025. Renewable sources produced 54% of the EU’s net electricity, up from 52.7% in the same period of 2024, according to EU data...

World Bank approves $500 million to modernize Indonesia’s grid

The World Bank has approved the Indonesia Electricity Network Transformation (I-ENET) Program, a $500 million operation to upgrade electricity distribution in Java, Madura, and Bali. The initiative is designed to improve the integration of renewable...

Russia to launch closed fuel cycle nuclear system by 2030

Russia plans to commission by 2030 the first nuclear power system based on a closed fuel cycle, President Vladimir Putin has announced. The system will allow spent fuel to be reused several times, reducing uranium demand. Putin made the statement at...

Iran and Russia sign MOU for small modular reactors

Iran’s Atomic Energy Organisation (AEOI) and Russia’s Rosatom have signed a memorandum of understanding (MOU) to cooperate on small modular reactors (SMRs) in Iran. The agreement was signed in Moscow by AEOI head Mohammad Eslami and Rosatom Director...

China could cut 1.6 billion tonnes of carbon emissions by 2030

China’s carbon emissions may decline by 1.6 billion tonnes by 2030 if 17.5 trillion yuan ($2.5 trillion) in green investment is mobilised over the next five years, according to a research note by China International Capital Corporation (CICC) cited...

Asia’s coal market split between rising domestic use and shrinking exports

Asia remains the largest producer of thermal coal, with China, India, and Indonesia driving output. Domestic consumption in these countries is set to grow, while the seaborne coal market faces a decline, according to Reuters. Together, China, India...

Southeast Asia can meet rising electricity demand through renewables: IEA

A new International Energy Agency (IEA) report highlights Southeast Asia’s potential to use renewable energy to meet rapidly growing electricity demand. In 2024, regional electricity consumption rose by over 7%, nearly double the global average, and...

ADB approves $52.72 million loan for Cambodia grid expansion project

The Asian Development Bank (ADB) has approved a loan of $52.72 million to support Cambodia’s Grid Expansion Project. The program aims to strengthen the national transmission network, integrate more renewable energy, and meet growing electricity...

Libya launches MEPS and energy labelling programme for household appliances

Libya has introduced its first minimum energy performance standards (MEPS) and labelling programme to improve appliance efficiency and strengthen energy regulations. The initiative is part of the country’s broader energy transition efforts. The...

Netherlands to provide subsidy for offshore wind projects

The Dutch government will allocate about €1 billion ($1.18 billion) in subsidies to support the development of offshore wind farms with a total planned capacity of 2 gigawatts (GW). The decision follows a pause in tenders announced in May, after...

Zimbabwe signs $455 million deal with Jindal Africa to refurbish Hwange power plant

Zimbabwe has signed a 15-year concession agreement with Jindal Africa, a subsidiary of India’s Jindal Steel, to rehabilitate the 920 megawatt (MW) coal-fired Hwange thermal power station. The deal is valued at $455 million. According to the country’s...

IEA sees slower but steady growth in low-emission hydrogen by 2030

Low-emission hydrogen production is expected to expand this decade despite project delays and cancellations, the International Energy Agency (IEA) said in its Global Hydrogen Review 2025. The report noted that global hydrogen demand reached nearly...

Mozambique launches Africa’s biggest hydropower project in 50 years

Mozambique is advancing plans for the $6 billion Mphanda Nkuwa hydroelectric project on the Zambezi River, backed by the World Bank and private partners. The facility is expected to generate 1,500 megawatts when it becomes operational in 2031, making...

Global push for ultra-long electricity cables raises opportunities and challenges

Developers are studying projects to connect distant regions with electricity cables that could exceed 4,000 kilometres, the Financial Times reported. Potential links include Canada to the United Kingdom and Australia to Singapore. The idea is to...

Eco Wave Power launches first onshore wave energy project in US

Eco Wave Power, in collaboration with AltaSea and Shell Marine Renewable Energy, has launched the first onshore wave energy project in the United States at the Port of Los Angeles. The project is currently in the demonstration phase and is intended...

Over 55 governments back framework to expand pumped storage hydropower

A new framework to accelerate pumped storage hydropower has received support from more than 55 governments and international organisations. The move aims to strengthen clean energy systems globally. The Global Alliance for Pumped Storage (GAPS)...

Italy faces delays in meeting 2030 emission targets

Italy may struggle to achieve its carbon reduction goals because of delays in renewable energy deployment and energy storage projects, according to a Reuters report citing a study by Edison and TEHA Group. The country could require up to ten...

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