Jun 30, 2025
U.S. Senate Tax Bill Sparks Blistering Backlash Over Cuts to Clean‑Energy Subsidies
The Senate GOP tax-and-spending bill that rolls back key solar and wind incentives, introduces new taxes on renewables, and imposes restrictions on Chinese equipment has triggered fierce criticism from labor groups, industry leaders, and even Elon Musk, amid fears of skyrocketing electricity costs and stalled green investment.
A Senate bill unveiled June 30 includes sweeping rollbacks to the Inflation Reduction Act’s support for wind and solar—phasing out production and investment tax credits by 2027, imposing an excise tax on projects using Chinese components, and sidelining EV incentives and residential solar credits. The proposal has drawn alarm from labor unions—warning it could wipe out the equivalent of over 1,000 Keystone XL pipeline jobs—plus major corporate players like Tesla’s Elon Musk and the U.S. Chamber of Commerce, who fear higher costs and stifled innovation. While some credits for solar leasing were retained, the legislation still sparked mixed stock market reactions, buoying firms like First Solar and Sunrun but weighing on others like NextEra. With deep divisions emerging within the GOP and across the Senate, the final outcome remains uncertain—but the risk to the clean‑energy transition is clear. Read more.
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Jun 23, 2025
UK’s 10-Year Industrial Plan Doubles Down on Clean Energy Investment
The UK government unveiled a decade-long industrial strategy on June 23 designed to at least double annual investment in clean energy sectors—targeting over £30 billion per year by 2035—as part of a broader push for advanced manufacturing and energy transition.
Jun 17, 2025
India Proposes Virtual Power Purchase Agreements to Boost Renewable Energy Trading
India’s electricity regulator has introduced draft rules to allow Virtual Power Purchase Agreements (VPPAs), enabling large corporate buyers to financially support clean energy projects without physically consuming the electricity.