The World Bank’s Board of Directors has approved a $265 million loan to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a major clean energy initiative aimed at strengthening the country’s electricity grid and expanding renewable energy integration.
The European Investment Bank approved €17.4 billion ($20 billion) in financing, including €3.7 billion for clean energy projects, to boost Europe's energy security while supporting renewable energy, power grids and sustainable development across Europe and neighbouring countries.
Abu Dhabi Future Energy Company – Masdar, a global clean energy leader, on Monday announced financial close for the world's first gigascale 24/7 renewable energy project, marking a defining milestone in the commercialisation of the next generation of clean energy infrastructure.
The 2026 Energy Progress Report shows global clean energy gains remain insufficient for SDG 7 targets by 2030. Despite renewable growth, major access gaps persist, especially in Sub-Saharan Africa, requiring faster investment and stronger action.
SmartWatt Consulting and Integrated Energy Services, an Abu Dhabi-headquartered energy technology company, has partnered with India's BSES Rajdhani Power to develop AI-enabled demand-side flexibility solutions for capital Delhi's electricity network under the Muruna Initiative.
Acwa Power Philippines, a subsidiary of Acwa, has signed a Joint Development Agreement (JDA) with Emerging Power (EPI), the clean energy arm of Nickel Asia Corporation (NAC), to jointly pursue up to 5,000 MW of renewable energy and gas-fired generation capacity across the Philippines.
The clean energy production capacity of Dubai Electricity and Water Authority (DEWA) now accounts for more than 21.5% of its total energy production capacity, said Saeed Mohammed Al Tayer, MD and CEO of DEWA.
A global report warns the world is off track for universal energy access by 2030, with 655 million lacking electricity and two billion using polluting cooking fuels. Sub-Saharan Africa is most affected.
Global solar power reached record levels in 2025, meeting 75 per cent of new electricity demand and driving the first-ever decline in fossil fuel-based power generation. Led by China and India, solar capacity additions surged 33 per cent, accelerating the global clean energy transition.
Dubai Electricity and Water Authority said it has set up a new wholly-owned independent subsidiary - Dewa International - for developing conventional and clean energy projects worldwide and exporting the emirate's successful energy and water infrastructure model to global markets.
