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Solar’s Global Surge Meets U.S. Setback as Nevada Mega-Project Is Scrapped

Market momentum points to massive clean-power additions through 2030 despite infrastructure and policy headwinds.

Overview

  • An IEA projection cited this week estimates 4.6 terawatts of new clean power will be added worldwide by 2030, reflecting accelerating deployment.
  • As of 2024, solar supplied roughly 7% of global electricity, and in 2025 it accounted for about 83% of new capacity additions, according to industry reporting.
  • Wind and solar together recently generated more electricity than coal for the first time on record, based on the latest comparative data reported by analysts.
  • The U.S. Department of the Interior canceled the proposed 6.2‑GW Esmeralda 7 solar‑plus‑storage project in Nevada, with CounterPunch reporting the move followed a post by President Donald Trump.
  • Costs for utility‑scale solar have fallen about 90% over 15 years as China expands manufacturing and builds multi‑gigawatt projects, while rooftop solar spreads in emerging markets such as Pakistan.