According to a report from the energy think tank Ember, renewable energy and nuclear energy jointly overtook coal as the world’s leading source of electricity in H1 2025.
The power market analytics firm Aurora Energy has published a report stating that 18 GW of renewable energy plants and battery energy storage systems (BESS) will be commissioned in Mexico by 2030, with costs falling and electricity demand rising.
To compete moving forward, suppliers must pay as much attention to the export tariffs as the retail cost of energy so as to appeal to a more energy-savvy customer.
By Scott Barber, Head of I&C, POWWR
The share of renewable energy is electricity production in Oman rose to 11.5 per cent in May, as part of the national strategy to increase renewable energy’s contribution to power generation to 30 per cent by 2030 and 60 per cent by 2040.
The New York Power Authority (NYPA) has published its Updated Strategic Plan, detailing its plans to improve the reliability and resilience of New York’s grid.
The International Renewable Energy Agency (IRENA) has released a report entitled Renewable Power Generation Costs in 2024 that states that renewables have maintained their price advantage over fossil fuels, with 91 per cent of new clean energy projects now being cheaper than fossil fuel alternatives.
Xcel Energy has announced plans to build 5.5 GW in Texas and New Mexico, consisting of 521 MW of extensions on existing facilities and the addition of 17 new power projects of a combined capacity of 5168 MW.
Eskom has announced plans to shift heavily towards renewable energy sources from its current predominantly coal-fired generation fleet, targeting 32 GW of renewable energy capacity by 2040, compared to the current level of less than 1 GW.
India has made a significant leap in its transition to clean energy, achieving 50 per cent non-fossil fuel-based power generation capacity, five years ahead of its 2030 target.
According to data from GlobalData, Türkiye’s renewable power generation capacity will reach 38.2 GW by 2035, representing an annual growth rate of 17.1 per cent from 2024 to 2035.