EIA: Solar could account for 50% of the new US electricity generated this year
The Energy Information Administration reported on Wednesday that developers are on course to add 33 gigawatts (GW) of solar power this year in the U.S., which is about half the new electricity generation capacity planned for 2025. The EIA said that if the plans were realized, the additions of large-scale solar energy in the U.S. could reach a new record. It based its analyses on a survey conducted with developers.
Maguire: US gas-heavy pipeline to fuel tensions with LNG exporters
U.S. energy firms are building the largest gas-fired generation capacity in the world, cementing the position of the United States as the world's biggest natural gas consumer and the gas-fired producer. The growing dependence on natural gas in the domestic power sector will also exacerbate tensions between the rapidly expanding LNG export sector and the domestic power industry…
Maguire: US gas-heavy pipeline to fuel tensions with LNG exporters
U.S. energy firms are building the largest gas-fired generation capacity in the world, cementing the position of the United States as the world's biggest natural gas consumer and the gas-fired producer. The growing dependence on natural gas in the domestic power sector will also exacerbate tensions between the rapidly expanding LNG export sector and the domestic power industry…
The major South Korean petrochemical companies and their production
The South Korean government announced on Wednesday a plan for 10 petrochemical firms to restructure operations. This included a large reduction in their naphtha cracking capacity. According to the Korea Chemical Industry Association, South Korea is home to some of the world's largest petrochemical companies. South Korean producers suffered losses because of oversupply in China…
China urges solar industry to reduce overcapacity
The Chinese industry ministry announced on Tuesday that it had held its second meeting in two months with representatives of the solar industry. It urged the industry to tighten regulations, reduce overcapacity, and reduce the extreme competition between firms. The ministry issued a press release in which it told the representatives to "jointly encourage the sustainable and healthy development of the industry".
Solar and wind farms will be scrutinized more closely by USDA, but some projects may still continue
According to a release, the U.S. Department of Agriculture announced on Tuesday that it would increase scrutiny of certain solar and wind energy projects. However, they did not end all support from their agency for clean energy projects in U.S. farmland. The announcement came a day following an announcement by Agriculture Secretary Brooke Rollins on X about her agency's decision to stop funding wind and solar projects on productive farmland.
China urges solar industry to reduce overcapacity
The Chinese industry ministry announced on Tuesday that it had held its second meeting in two months with representatives of the solar industry. It urged the industry to tighten regulations, reduce overcapacity, and reduce the extreme competition between firms. The ministry issued a statement in which it told the representatives at the meeting to "jointly encourage the sustainable and healthy development of the industry".
USDA Ends Programs for Solar, Wind Projects on Farms
In a Monday post on X, Agriculture Secretary Brooke Rollins announced that the U.S. Department of Agriculture would no longer be supporting solar and wind energy projects on productive farmland. This is just the latest of a series actions taken by President Donald Trump's administration to stall the development of solar and wind energy. Trump claims that…
Trump's tax rules benefit clean energy investors
The shares of U.S. companies that produce solar energy rose Monday, after the Trump Administration released new rules on clean energy subsidies. These were less strict than many investors had expected. The Treasury Department narrowed its definition of what constitutes a solar or a wind project as being under construction. This is a requirement for qualifying for federal tax credits that are worth 30% of the project's costs.
Data center owners ask US Treasury to maintain renewable energy subsidy regulations
The Data Center Coalition, which includes Google, Amazon, and Microsoft as data center owners, has called on U.S. Treasury Sec. Scott Bessent, to maintain existing rules regarding wind and solar energy subsides, stating that they have allowed the industry to grow rapidly and remain ahead of China's competition. A tighter set of rules for qualifying projects…
T1, Corning and Corning to produce solar panels in the USA
T1 Energy, a U.S.-based solar company, and Corning, a specialty glass manufacturer, have announced a deal to create a domestic supply chain for solar panels, including polysilicon and wafers. This deal will allow T1 to meet the growing demand in the United States for panels made with American components. Solar companies are restricted from claiming clean…
China's fossil fuelled power rose to an 11-month peak in July
China's fossil fuelled power generation, mainly coal, increased in July to its highest level since August 20,24, according to official data released on Friday. The record-breaking heat also pushed the power demand up to new records across a large part of China. According to the National Bureau of Statistics, fossil-fuelled electricity generation, also known as thermal power in China…
Trump Administration unveils tougher rules on solar and wind subsidies
Trump's administration will likely take another step to curb the growth of renewable energies in the United States as early as Monday by making it more difficult for companies to claim federal subsidies for wind and sun energy. The Treasury Department will meet a deadline of 45 days, set in July by U.S. president Donald Trump, to revise the rules that govern who is eligible for tax credits on clean energy…
The major South Korean petrochemical companies and their production
Kim Jung-kwan, the Minister of Industry in South Korea, said that a plan will be announced this month for restructuring its ailing petrochemical industry. According to the Korea Chemical Industry Association, South Korea is home to some of the world's largest petrochemical companies. South Korean producers suffered losses because of oversupply in China, which is the largest petrochemicals market, as well as a sluggish consumer demand.
Maguire: US clean energy capacity grows slower, but wider by 2025
This year, the pace of adding new solar, wind, and battery capacity in the U.S. has slowed down nationally and in some key states, which is hurting sentiment for clean energy. Climate trackers should take heart in the fact that growth has continued outside of Texas and California. According to data collected by the energy data platform Cleanview by mid-2025…
Raychaudhuri: China's price wars are a steep battle.
Price wars have led to a collapse in profitability and an acceleration of deflation on the Chinese domestic market due to overcapacity. In response, the government launched a program called "anti-involution", which aims to counter deflationary pricing wars. This battle could last a long time. It has already seen some success, but it is still a long-term fight.
German solar industry warns of ending subsidies after Minister proposes reductions
The German solar industry warned against the proposed end of subsidies for rooftop photovoltaics systems. They argued that withdrawing support from small installations could jeopardize the country's climate targets. Feed-in subsidies have been in place for 25 years to help expand the solar energy sector. They guarantee a price for producers of renewable energy who sell their power on the grid.
Sources say that the World Bank's IFC approved Oman Polysilicon Project loan despite US objections
Two sources familiar with board voting said that the World Bank's International Finance Corporation approved on Friday a loan and an investment of up to $250,000,000 in a polysilicon production project in Oman, for solar applications. This was despite the objections from the IFC executive director in the United States. Sources said that three other IFC executive directors…
Trump Administration will terminate $7 billion solar energy program
In a Thursday post on X, Administrator Lee Zeldin announced that the U.S. Environmental Protection Agency would end a $7 Billion grant program from Biden's era which aimed to increase solar energy in low-income areas. Zeldin said that the One Big Beautiful Bill Act, signed by U.S. president Donald Trump in December last year, eliminated funding for the program. It was widely expected that the "Solar for All' program would be cancelled.
Cox, a Spanish company, prepares a multi-billion dollar investment plan focusing on Mexico
Nacho Moreno, CEO of Spanish energy company Cox, said that the new strategic plan will be focused on Mexico where Cox plans to invest more than $10 billion by 2030 in renewable energy and water. Moreno stated that this figure includes Cox's acquisition of Iberdrola assets in the country for $4.2 billion, a deal which was "transformative" and allowed Cox already to reach the targets set by the company for 2028.
