Repsol, a Spanish company, has cut its renewable energy target
A report released in conjunction with its 2025 results shows that Repsol, the Spanish energy company, has reduced its 2030 targets for renewable capacity and products low in carbon emissions as it adapts to changing market conditions. The?company? has built a portfolio of hydroelectric, wind and solar projects in Spain and overseas as part of its strategy to transition from an oil and gas company into a multi-energy provider. It has also invested in the production of?green hydrogen and low carbon fuels.
Cubans use solar power to fight blackouts as US tightens its grip on oil
Cubans scramble to install solar panels in their homes, businesses and vehicles as Washington prevents oil from reaching the Caribbean’s largest island. This contributes to electricity generation shortfalls. U.S. sanctions, a deep recession and the economic crisis in Venezuela have made it difficult for the government to buy enough fuel. A recent 'drought' of shipments due to U.S. sanctions has also caused a?drought? in Mexico and Venezuela. Tariff threats have worsened the existing shortages.
Cubans use solar power to fight blackouts as US tightens its grip on oil
Cubans scramble to install solar panels in their homes, businesses and vehicles as Washington prevents oil from reaching the Caribbean’s largest island. This contributes to electricity generation shortfalls. U.S. sanctions, a deep recession and the economic crisis in Venezuela have made it difficult for the government to buy enough fuel. A recent 'drought' of shipments due to U.S. sanctions has also caused a?drought? in Mexico and Venezuela. Tariff threats have worsened the existing shortages.
Premier Energies, India's solar company, is targeting Europe and the US, according to its executives
Two senior executives from India's Premier Energies said that the company plans to concentrate on exports, with buyers diversifying their supply chain away from China. This is a major change for the domestically focused solar equipment supplier. Western companies have been prompted to create new supply chains by tariff?concerns and concerns about over-reliance on a single manufacturing center. This has opened up opportunities for Indian manufacturers. Premier Energies has a fully-booked order book for the next 12-18 months.
Premier Energies, India's solar company, is targeting Europe and the US, according to its executives
Two senior executives from India's Premier Energies said that the company plans to concentrate on exports, with buyers diversifying their supply chain away from China. This is a major change for the domestically focused solar equipment supplier. Western companies have been prompted to create new supply chains by tariff?concerns and concerns about over-reliance on a single manufacturing center. This has opened up opportunities for Indian manufacturers. Premier Energies has a fully-booked order book for the next 12-18 months.
Solar industry shifts away from silver due to rising costs
Solar panel producers are intensifying their efforts to replace the silver in solar panels with copper, after the price of silver has risen?130% during the last year. This is putting pressure on margins, which were already under pressure due to overcapacity. Derek Schnee, Senior Commercial Solar Consultant at JK Renewables said that silver is the biggest contributor to the increase in the cost of manufacturing solar panel. He added that the cost has increased by 7-15% within the past year.
Solar industry shifts away from silver due to rising costs
Solar panel producers are intensifying their efforts to replace the silver in solar panels with copper, after the price of silver has risen?130% during the last year. This is putting pressure on margins, which were already under pressure due to overcapacity. Derek Schnee, Senior Commercial Solar Consultant at JK Renewables said that silver is the biggest contributor to the increase in the cost of manufacturing solar panel. He added that the cost has increased by 7-15% within the past year.
EDF's costs are higher due to oversupply of electricity
EDF, the French nuclear operator, said that it would have to increase its maintenance costs by around 1.5 million euros to 3.75 millions euros per year because it has to reduce power in 'its nuclear reactors' to a'respond to an increased electricity supply and a slow demand. Around 70% of French power comes from nuclear energy, which accounts for about half of the state-owned EDF revenue. However, the recent addition of solar power has changed the way nuclear reactors are operated.
Modi's rooftop Solar push is slowed down by unwilling lenders, states
Vendors and analysts claim that despite the heavy subsidies, I ndian Prime Minister Narendra Modi is not able to achieve his targets due to loan delays and limited state support. These shortfalls are the latest "challenge" to India's efforts at nearly doubling clean energy capacity by 2030 to 500 gigawatts. The government is planning to suspend the clean energy tendering target amid an increasing backlog of projects that have been awarded but not yet built.
Maguire: Maguire, China's renewables boom has boosted it to a rare clean-capacity club.
In 2025, the world's largest polluter will have crossed a crucial energy transition threshold by installing more clean power than fossil fuel production capacity for the first. Global Energy Monitor data shows that China will have 1,494 gigawatts (GW) of clean energy generation capacity operating in 2025. This compares to 1,420 GW?of fossil fuel-fueled capacity. China now draws 51% of its energy from clean sources, surpassing Brazil, France, and Germany, as the major economies that are primarily fueled by clean energy sources.
Maguire: Maguire, China's renewables boom has boosted it to a rare clean-capacity club.
In 2025, the world's largest polluter will have crossed an important energy transition threshold by installing more clean power generation capacity than fossil fuel generation capacity. Global Energy Monitor data shows that China will have 1,494 gigawatts (GW) of clean power generation in operation by 2025. This compares to the?1,420-GW capacity powered by coal, gas, and other fossil fuels. China has now a 51% share of its energy fleet that is derived from clean sources.
Minister: Warming weather helps reduce Ukraine's energy shortage
Denys Shmyhal, Ukraine's Energy Minister, said that the warming weather after the ice-breaking frosts in Ukraine has?significantly?reduced a power shortage caused by Russian attacks on?Ukrainian?power?grids. Shmyhal told the parliament's Energy Committee that the current power shortage totaled 4.3 to 4.5 Gigawatts compared to up to 6 Gigawatts during a colder spell, Interfax Ukraine reported. As of today, February 12, the forecast maximum consumption is 16,4 gigawatts. That is what the economy would like consume.
SOLV Energy's Nasdaq debut earns it a valuation of $6 billion
SOLV Energy shares grew 20% on 'Wednesday in New York, valuing the firm at $5.98 billion. This highlights a'strong rebound in IPO activity in - 2026. The shares opened at $30, which is above the $25 price at which they sold 20.05 million shares to raise $512.5 millions on Tuesday. The U.S. Federal Reserve has cut interest rates to the end of the year 2025. This has helped improve pricing conditions, and more companies have been encouraged to list on the public markets.
SOLV Energy raises $512.5 Million in US IPO
The U.S. IPO of SOLV Energy, a solar and battery storage company, was priced at $25 per share - within the range indicated. San Diego-based company, SOLV, sold 20.5 millions shares at $25 each, as opposed to its advertised range of $22 - $25 per share. SOLV was valued at $5 billion in the IPO. Twelve companies have raised $5 billion through IPOs in 2026. However, a recent sharp drop in U.S. data-services and software stocks has made investors more selective when it comes to new offerings.
China's coal production in 2026 is expected to grow at the slowest pace this decade, despite lower imports
A major coal industry group announced?on? Tuesday that China's coal production is expected to increase by 35 million metric tones to 4.86 billion tons in 2026. This would be the slowest rate this decade, despite?projections? of a second consecutive drop in annual imports as a result of Indonesia, its top supplier, ceasing spot exports. China Coal Transportation and Distribution Association said that production by the world's largest producer…
Maguire: Australia's renewable energy boom will deliver a coveted price for power
Australia's wholesale power prices dropped to their lowest level in four years by 2025. This bucking of rising prices elsewhere, and proving that renewables-intensive power systems can lower power costs for consumers. The increased battery storage capacity, and the solar farms could allow utilities to reduce operating costs. These savings may be passed on to businesses and households as early as this year. According to Ember, an energy think tank…
TotalEnergies will provide solar energy to Google's Texas Data Centres
TotalEnergies, a French oil major, signed two long-term deals on Monday to supply solar energy to Google's Texas data centres. The company is looking to meet the rising demand for electricity driven by artificial intelligence. Two Texas sites owned by the group are expected to start construction in the second quarter. Total will be able to deliver 1 gigawatt - or?28 terawatt hours of renewable energy over 15 years. The company is bucking the trend of oil majors and investing in renewable energy alongside gas fired power?plants.
Tesla executives announce that the company is expanding its solar strategy to include more employees.
According to senior executives, Tesla is currently hiring to help support Elon Musk’s plan to become the largest U.S. manufacturer for solar energy components. The posts indicate that 'the company is implementing Musk's vision to set up 100 gigawatts domestic solar production. Musk announced this goal?last?month. Seth Winger wrote, "This is a bold, ambitious project," in one of many posts made by Tesla executives on LinkedIn. We need ambitious, audacious engineers and scientists who can help us scale up to a massive scale.
Tesla executives are hiring to support Musk’s solar expansion strategy
According to senior executives, Tesla is currently hiring to support Elon Musk’s recent announcement to become the largest U.S. producer of solar energy components. The posts indicate that 'the company is implementing Musk's vision to set up 100 gigawatts domestic solar production. Musk announced this goal?last? month. Seth Winger is Tesla's senior manager of solar product engineering. He wrote this in a LinkedIn post. We need ambitious, audacious engineers and scientists who can help us scale up massively.
Maguire: China tightens its grip on clean tech with growing exports of EVs.
China's position as the world leader in clean technology is best illustrated by its EV exports. These will reach nearly $70 billion dollars in 2025, and span over 150 countries. Electric vehicles are a major part of China's manufacturing industry, and millions of people work in the various supply chains that support?clean cars? and their components. Over half of new cars in China are EVs. But as the domestic market slows, China's EV industry is likely to become more dependent on foreign markets.
Maguire: China tightens its grip on clean tech with EV export growth.
China's position as a global leader in clean technology is best illustrated by its massive EV exports. These will reach nearly $70 billion dollars in 2025, and span well?over 150 different countries and territories. Electric vehicles are a major part of China's manufacturing industry, and millions of people work in the various supply chains that support clean cars. Over half of new cars in China are EVs. But as domestic demand declines, the country's EV industry is likely to be more dependent on foreign markets.
US rooftop solar installers restructure, cut jobs as homeowner subsidies expire
Residential solar companies in the U.S. are preparing to see a sharp drop in their business after the expiration?of a federal tax credit which helped fuel more than a decade's rapid growth. This has led to layoffs, reorganizations and even some company failures. Under President Donald Trump's new tax reform, the 30% federal income tax credits for homeowners who buy rooftop systems will expire at the end 2025. This has led to the most labor intensive segment of the solar sector contracting sharply…
Chinese solar stocks jump on news of Musk's visit, but some firms deny cooperating
Chinese solar shares rose on Wednesday, after local media reported Elon 'Musk sent delegations to visit various companies. This was days after Elon announced plans to build a large-scale?cell capacity for the U.S. The CSI All Share Solar Power Equipment Sub-Industry Index grew 3.61%, while the CSI SH-HK-SZ Solar Power 50 Index grew 3.22%. According to a report published by Sina Finance on Tuesday, citing sources from the Chinese solar industry, a team sent by Musk visited several photovoltaic companies in China.
Chinese solar stocks surge after Tesla visit
Chinese solar shares rose in early trading on Wednesday, after local media reported that Tesla staff had visited various companies in the sector. This was just days after Elon Musk announced plans to build large-scale production of solar cells in the U.S. By lunchtime, the CSI SH-HK-SZ 'Solar Power 50 Index had risen 5.6% and the CSI All Share Solar Power Equipments Sub-Industry Index had risen 6.8%. Tesla staff visited'several photovoltaic firms in China recently, including those that are involved in equipment and silicon wafers.
Turkish Energy Minister: Saudi Arabia will build solar farms worth $2 billion in Turkey
Saudi Arabia is investing $2 billion in Turkey to build solar farms with a total capacity of 2,000 megawatts. The Turkish energy minister announced this on Tuesday. In a recent post on X, Bayraktar said that during the visit of Turkish President Tayyip Erdoan to Riyadh he and his Saudi counterpart Prince Abdulaziz bin Salman had signed a?agreement on renewable energy power plants projects. According to the agreement, Saudi companies will build a solar power station in eastern province Sivas…
SOLV Energy aims for $5 billion valuation at US IPO
SOLV Energy, a solar and battery storage company, said Friday that it aims to achieve a valuation up to $4.99 Billion in its initial public offering in the United States. The San Diego-based company plans to raise up to $512.5 millions by selling 20.5 million shares at a price between $22 and 25 cents each. The IPO market in the United States has recovered after last year's historic U.S. shutdown, which slowed down the Securities and Exchange Commission and stifled the deal flow.
India's BPCL seeks renewable energy investments abroad
Bharat Petrol Corp. (BPCL), a state-run refiner in India, is scouting for global opportunities. These include strategic investments, acquisitions, and?solar wind and hydropower. The refiner will continue to expand refineries and pursue renewable energy, but stresses that conventional fuels are still essential for meeting India's rapidly growing energy demand. You have to keep up with the growth. "It is not green or conventional, you must go together," Subhankar Sen (BPCL director of marketing) told?
Why is Elon Musk interested in putting AI data centers into space?
Musk's plans to launch satellite data centres into orbit could be given a boost by a proposed merger between Elon Musk's SpaceX, and xAI. The news was reported exclusively on Thursday. Musk is battling for supremacy against tech giants such as Alphabet's Google and OpenAI. What are space-based AI data centers? The concept of space-based data centres is still in its early stages. They would likely rely upon hundreds of satellites powered by solar energy…
The Islamic Development Bank and the Niger State of Nigeria will collaborate on a $163 million solar energy project.
Officials said that the Niger State Government of Nigeria will collaborate with 'the Islamic Development Bank' to develop a $163million solar electrification project to increase power supply, support agriculture and industry. The project involves the construction of a solar power plant of 100 megawatts in the?north central Nigeria, on approximately 200 hectares. This will provide electricity to several communities throughout the state. Governor?Umaru…