Global investments in the energy transition reached a new record of $2.4 trillion in 2024, up 20% from the average annual levels of 2022/23. About one-third was directed towards renewable energy technologies, pushing the key sector's investment to $807 billion, said a report.
Terra-Gen, one of the largest independent, integrated renewable energy producers in the US, jointly owned by Masdar and Igneo Infrastructure Partners, announced the commissioning of the Monte Cristo I Windpower Project.
The Utilities for Net Zero Alliance (UNEZA) announced at COP30 the expansion of its annual investment target for renewable energy transmission and storage systems from $117 billion to $148 billion. The coalition of 73 members now foresees a project pipeline worth $1 trillion by 2030.
RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer and a subsidiary of IHC, has signed an agreement with Abu Dhabi-based Masdar to design tailored capital efficient reinsurance solutions for renewable energy infrastructure.
Germany stepped up the construction of solar panels and wind turbines last year, with installed renewable energy capacity rising by 11 per cent to around 210 gigawatts, the country’s energy regulator said. The Federal Network Agency said the pace of expansion was close to that of previous years, after capacity grew by about 12 percent in both 2023 and 2024.
Acwa Power has signed a reservation agreement with the Philippines’ BCDA to develop large-scale renewable energy in New Clark City. The collaboration targets a major solar project with potential battery storage integration within the smart, green New Clark City Special Economic Zone north of Manila.
Abu Dhabi renewable energy group Masdar, said along with consortium partners - Al Khadra Partners, Korea Midland Power Company (Komipo) and OQ Alternative Energy - it has achieved the financial close for Ibri III, the first utility-scale solar and battery storage project in Oman.
Saudi Arabia and Morocco have signed an executive programme for cooperation on renewable energy, including enabling national companies to implement such projects in both countries.
The UAE is strengthening its global leadership in sustainable energy through strategic investments accelerating the clean energy transition, with installed renewable energy capacity now exceeding 7.7GW, said Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure.
Masdar, a clean energy leader, announced that its renewable energy portfolio capacity has reached 65 gigawatts (GW), up from 51GW in 2025, marking two decades since the UAE made the strategic decision to invest early in clean energy.
