Spain is enhancing its clean energy transition with ambitious solar, wind, and hydrogen targets. The updated National Energy and Climate Plan aims for 81 per cent renewable electricity by 2030 and carbon neutrality by 2050. Cumulative renewable capacity is expected to reach 218.1 GW by 2035, growing at a 9.1 per cent CAGR, according to GlobalData.
Renewable electricity generation is expected to more than double globally by 2030, driven by solar PV growth, according to the International Energy Agency (IEA). Despite supply chain issues and financial pressures, global renewable power capacity could rise by 4,600 GW, equivalent to the total capacity of China, the EU, and Japan combined.
Honeywell has introduced a new technology that converts agricultural and forestry waste into ready-to-use renewable fuels for hard-to-abate sectors, such as the maritime industry.
Lhyfe, a leader in green hydrogen production, has launched its first commercial site in Germany, located in Schwäbisch Gmünd. This facility, Lhyfe's fourth overall and first outside France, occupies one hectare and can produce up to 4 tonnes of renewable hydrogen daily via water electrolysis.
The world is falling behind on its renewable energy and efficiency goals despite record progress last year, confirms a new report released by the International Renewable Energy Agency (Irena). In 2024, global renewable capacity additions reached an unprecedented 582 GW. Yet this is still not enough to stay on track for the COP28 UAE Consensus target of tripling renewables to 11.2 TW by 2030.
Masdar has partnered with Emirates Utilities Development Company (EUDC) and Uzbekistan’s Ministry of Energy to develop a gigascale 24/7 clean energy project. The initiative aims to provide up to 1 GW of baseload power, with state-owned JSC Uzenergosotish as the offtaker.
The MENA region has entered an exponential renewable energy growth phase with installed capacity rising from 14GW in 2020 to 30GW in 2024, then surging in 2025 with nearly 15GW added in one year, says Dii Desert Energy's MENA Energy Outlook 2026 report.
