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.
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.
Ethiopia’s growing power generation capacity and abundant renewable resources offer opportunities for economic growth and regional electricity trade, but the International Energy Agency (IEA) says improving supply reliability, expanding energy access and attracting investment remain critical priorities.
Kowatek Solar says Ghana’s $10.8 billion renewable energy plan for 2026–2030 signals rising clean-energy investment in West Africa. The strategy targets 852MWp of solar, 709MWp of wind and more than 353,000 jobs, alongside expanded rural electrification and clean cooking.
Türkiye will unveil a revised National Energy Plan on November 5, with stronger renewable energy targets through 2040, as installed wind and solar capacity surpasses 44 GW and officials highlight rising grid investment needs to support expansion.
Larsen & Toubro (L&T), an Indian engineering and construction conglomerate, showcased its latest advancements in renewable energy, power transmission and digital grid solutions to industry professionals from more than 60 countries at the Water, Energy, Technology and Environment Exhibition (Wetex) 2026 expo held in Dubai.
The European Union (EU) has attracted over €1.2 trillion ($1.3 trillion) in sustainable investment since 2021, with more than €320 billion invested in 2025 alone, as the bloc’s green finance framework supports clean energy, decarbonisation and energy security.
