Ground-breaking for the world’s largest renewable energy project integrating solar power and battery storage was carried out on Thursday in Abu Dhabi. The project is capable of delivering 1 gigawatt (GW) of baseload renewable energy around the clock.
The Middle East is on track to attracting more than $100 billion annually in strategic capital expenditure by 2026, spread across oil and gas, renewable energy, healthcare, digital infrastructure and manufacturing, said a report. The Middle East’s oil and gas sector remains a market anchor.
Global renewable energy jobs rose just 2.3% to 16.6 million in 2024 despite record installations, according to IRENA and ILO, which cite geopolitical and geoeconomic tensions and growing automation as key factors limiting workforce growth.
