Global renewable capacity hit 5.15 terawatts in 2025, driven by a record 693 gigawatts of new additions. However, a new report warns that annual growth must nearly double to 1,200 gigawatts to achieve the 2030 target of 11.2 terawatts, according to a new report released during Climate Week NYC.
Latin America has significant untapped geothermal potential, with resources estimated at up to 70 gigawatts (GW), yet less than 6 per cent has been developed, according to discussions hosted by the International Renewable Energy Agency (Irena), the Global Geothermal Alliance (GGA), and the Government of El Salvador.
The rapid growth of solar PV is set to generate more than 25 million tonnes of end-of-life panels globally by 2050, highlighting the need for stronger recycling and circular economy practices, according to the International Renewable Energy Agency (Irena).
The International Renewable Energy Agency (Irena) has signed an agreement with Etihad Credit Insurance (ECI) to facilitate access to financing for renewable energy projects worldwide. Under this, ECI is bringing a suite of innovative credit insurance and risk mitigation solutions for ETAF.
