Global electricity demand to rise in 2026 as renewables lead, says IEA
Global electricity demand is set to rise more than 3% per year through 2026, driven by growth in Asia and greater use across industry, data centers, and transport, with renewables, gas, and nuclear meeting most of the increase, says the International Energy Agency (IEA).
Federal budget bill to cut residential solar in half through 2030, said Wood Mackenzie
The One Big Beautiful Bill Act policy changes could cut installations by up to 46%, but long-term market has “massive potential.”
Following backlash, New York Power Authority updates its renewables plan
The plan doubles the total renewable energy capacity from NYPA’s inaugural plan following pushback that said 3.3 GW was not enough.
Revised solar stock investment risks
The Invesco Solar ETF (TAN) underperformed the S&P 500 and Dow Jones Industrial Average (DJIA) in April 2025. Jesse Pichel of Roth Capital Partners attributes this to concern over proposals included in the U.S. administration’s budget reconciliation bill that could be detrimental to the solar industry.
Tesla taps LG Energy for $4.3 billion energy storage deal
Tesla has selected LG Energy Solution (LGES) to supply lithium iron phosphate (LFP) batteries for its US energy storage products in a deal reportedly worth $4.3 billion, according to South Korean media.
Non-stop solar innovation despite module oversupply
It’s no secret that prices throughout the solar supply chain have been at rock bottom over the past 18 months. Alex Barrows and Molly Morgan of CRU Group explore how the market reached the imbalance that caused PV prices to crash, what this has meant for innovation, and how it might affect future technology transitions.
Tesla Energy has quietly become the company’s most profitable division
After years of negative margins, Tesla’s energy division is now a key driver of profitability. So far in 2025, the division has contributed 23% of Tesla’s total profit while accounting for just 13% of revenue, boosting the company’s overall profitability by nearly 2 percentage points.
In case you missed it: Six big solar stories in the news this week
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Colorado governor moves to get solar, wind projects in service ‘as quickly as possible’
With a time-limited window for clean energy to save money from federal tax credits, Colorado Gov. Jared Polis directed state agencies to eliminate administrative barriers and bottlenecks for clean energy projects.
Oregon takes aim at utility pushback against independent solar projects
The law aims to make utilities operate in line with the public interest by implementing incentives and penalties related to community solar, microgrids, and other types of clean energy generation.
