Nigeria has commercially launched a $300 million Distributed Renewable Energy (DRE) Fund to finance mini-grids, solar home systems, energy storage and other decentralised power projects for communities and businesses with unreliable or limited access to the national grid.
ACWA has signed a memorandum of cooperation with Mongolia’s Sun Steppe Power to explore a 4.5GW renewable energy project in Mongolia, supported by a 500MWh battery storage system, to facilitate cross-border electricity exports to China and other mutually agreed markets.
AESG, a leading global engineering, consultancy and advisory firm, has announced the acquisition of Australia's leading specialist renewable energy consultancy The Energy Project (TEP). The Emirati company has also appointed industry veteran Andrew Mather as the country managing director.
Saudi Arabia has signed three memoranda of understanding (MoUs) with Kuwait, Qatar and Egypt to strengthen regional cooperation across electricity, renewable energy, oil, gas and petrochemicals.
Saudi Energy Minister Prince Abdulaziz bin Salman opened the 25th WPC Energy Congress in Riyadh, stressing the importance of global energy security and resilience. He highlighted Saudi Arabia’s investments in infrastructure, supply chains, renewable energy and lower-emission technologies to strengthen energy reliability.
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.
