The Kyrgyz Ministry of Energy has signed an investment agreement with RECA and Rox Energy Global, two Vietnamese companies, to build and operate a 1.9 GW solar plant in the Kyzyl-Oruk village of the Toru-Aigyr rural district of the Issyk-Kul region of Kyrgyzstan.

Global primary energy demand is set to rise from 308 million barrels of oil equivalent (mboe/d) in 2024 to 378 mboe/d in 2050.

The budget reconciliation bill signed by Trump on July 4 accelerates the four-year phaseout of the 48E investment tax credit and 45Y production tax credit to begin in 2028, from 2032.

The Senate may vote Monday on its own version of a spending package that would phase out key subsidies for wind and solar sooner than expected, and also adds a new tax.

Solar is now so cheap that large markets can emerge in the space of a single year – as evidenced in Pakistan in 2024.

The JV plans to develop the renewable projects (solar, wind, hybrid, floating solar, BESS, pumped-storage hydropower) in phases, with an initial capacity of 500 MW to ramp up to 2 GW, and to eventually scale up to 5 GW.

Renewable hydrogen is also part of a broader plan and series of directives aiming at increasing the share of renewable energies in EU’s energy consumption.

Japan faces substantial challenges in managing its energy trade deficit and high end-user costs while aggressively pursuing decarbonization targets amidst geopolitical tensions. There are significant concerns about Japan's ability to meet its emissions targets, casting doubts on its broader 2050 decarbonization plans.

The Vietnamese Government has approved Vietnam’s revised National Electricity Development Plan for the 2021-2030 period, with a vision to 2050 (PDP8), which now integrates the development of nuclear energy.

By 2050, Vietnam is targeting as much as 230 gigawatts of wind and 296 gigawatts of solar.

The study demonstrated how a phenomenon known as plug flow - in which all particles in a given cross-section have identical velocity and direction of motion - can dramatically boost electricity generation from falling water.

EU countries are expected to add 89 gigawatts of new renewable energy capacity in 2025, including 70GW of solar and 19GW of wind, according to Commission projections shared with Reuters. The projections are based on industry data.

The growth of renewable power generation - including wind, hydro and solar - in the global electricity mix in 2024 beat the previous year's 30% record

China has announced the start of construction on three offshore wind projects totalling 3 GW off the coast of the Guangdong Province, southern China, namely the Fanshi-1, Qingzhou-5 and Qingzhou-7 projects.

Asia more than doubled its installed solar capacity, with 327 GW added in 2024, including 85% (278 GW) in China and 10% (24.5 GW) in India; in addition, over 38 GW of solar capacity was installed in the United States, while Brazil and Germany each added over 15 GW.