China is building a 400 km solar corridor along the Kubuqi Desert that will reach 100 GW by 2030 while helping halt desert expansion. The dual-purpose project already has sections operating and could generate nearly 40 TWh of electricity annually.
The Junma plant, one completed section, features panels arranged in the shape of a galloping horse and holds a Guinness World Record as the world’s largest photovoltaic image.
Once complete it is expected to generate nearly 40 terawatt-hours of electricity per year, an output local media compare to roughly 9 percent of France’s annual electricity consumption in 2025.
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Walmart signed its first nuclear power purchase agreement with Constellation Energy on June 23, securing about 176 MW of zero-emission electricity from the Dresden Clean Energy Center in Illinois via two 15-year contracts that begin in 2029 and 2030. The deal includes 30 MW of new generation capacity and represents the retailer's initial step into nuclear energy procurement for clean power supply.
The European Union has launched a first-of-its-kind tripartite agreement to accelerate storage deployments, with 22 member states pledging capacity over the next two years. The Commission cited 30-35GW while the formal document states 45GW; the pact aims to lower system costs, reduce price volatility and strengthen local manufacturing. The bloc is estimated to need around 200GW by 2030 against 55GW installed at the beginning of this year.
Volkswagen Group is considering up to 100,000 global job cuts, four German plant closures after current programs end, and spinning off its core brand into a standalone entity. The restructuring would rank among the company’s largest ever as it grapples with a 44 percent profit decline and heightened competition.
