Solar, wind, and renewable energy news covering clean energy technology, green energy projects, sustainability efforts, and the transition to renewable power.
Tesla filed plans with Texas regulators for a proposed $10.1 billion solar cell manufacturing plant in Fort Bend County, Texas, called Project Crystal Sun. The project could create about 9,700 full-time jobs and 1,147 temporary construction jobs, with completion targeted by 2028. Tesla is evaluating multiple U.S. states and warned Texas it would miss investment if rejected.
Vestas Wind Systems shares surged 18.5% on Wednesday after the Danish turbine maker posted strong second-quarter earnings and raised its full-year margin guidance. Revenue rose 26% to 4.72 billion euros, with adjusted margin improving to 9.4%. The company also announced a 400-million-euro share buyback.
A report released Wednesday found that India's smaller steel companies could cut electricity bills by up to 34% and sharply reduce carbon emissions by switching to renewable energy. The report, produced by a consortium including WWF-India and the Confederation of Indian Industry, highlights that electricity accounts for up to 40% of operating costs for many small producers.
Vestas Wind Systems reported Q2 GAAP EPS of €1.11, beating by €0.97, and revenue of €4.72B, up 25.9% year-over-year, beating by €150M. The company also updated its FY2026 outlook.
Major Chinese polysilicon producers are drawing a line under below-cost sales, potentially marking a turning point in the solar industry after more than two years of price warfare. Industry losses have topped US$1.9 billion, prompting producers to establish a cost floor to stabilize prices.
Arauco, Copec, and Abastible launched SynFuels Biobío, a pilot project in Chile's Biobío region to produce low-carbon synthetic fuels from green hydrogen and biogenic CO2 captured from pulp mills. The initiative aims to prove e-fuels viability using existing infrastructure.
UAE's Global South Utilities opened a 50MW solar plant in Sakai, Central African Republic, expected to power over 300,000 homes. The facility, with 80,000 panels and battery storage, boosts the country's generation capacity by 60% and cuts CO2 emissions by 50,000 tonnes annually.
NLC India Renewables received a Letter of Award from SECI for a 200-MW wind power project in Koppal, Karnataka. The electricity generated will be supplied to SECI, strengthening NIRL's renewable portfolio.
A 600-hectare wind farm broke ground in Ca Mau province, Vietnam, with a $96 million investment. The project includes a transmission line and substation, expected to generate 144 million kWh annually and start operations by Q4 2028.
This commentary argues that the Trump administration's halt on offshore wind development has devastated the U.S. industry and its workers, leaving trained employees without jobs and supply chains adrift. It contends that the political decision has broken promises of economic development, particularly in coastal communities, and highlights the human cost of the policy shift.