But that finding comes with an important caveat. Persistently low natural gas prices, rising renewable energy costs and higher electricity demand have made existing gas plants economically attractive compared with renewables, Lazard found. Onshore wind projects, for instance, have an LCOE ranging from $37 per megawatt hour to $86 per MWh.

Hopes for legislative help were dashed by the latest version of President Trump's "One Big, Beautiful Bill" now in the U.S. Senate's hands.

Processing wood waste into biomass fuel or bio‑products taps into a dispatchable renewable energy source, one that can complement intermittent wind and solar output.

Senate Republicans’ version of President Trump’s “big, beautiful bill” — similar to the bill the House passed last month — would slash tax incentives for electric vehicles, wind, and solar power. Industry leaders warn that it could be a killer blow to new energy projects and factories in the US.

Renewable energy developer Ace Power’s plan to build a 200 MW solar farm and 200 MW battery energy storage system in Western Australia’s Wheatbelt region is a step closer to realisation after the hybrid project was awarded development approval by the state government.

A Senate tax package softens some blows imposed on renewables by a House version of the bill. But it still terminates many credits for clean power.

Renewable energy is rapidly expanding, driven by technological innovation, policy support, and a push for sustainability. Solar PV and wind, both onshore and offshore, are leading this trend. By 2030,