Germany shifts from electricity exporter to importer in 2024
In 2024, Germany shifted from a net electricity exporter to importer, driven by rising demand, fossil fuel reductions, and nuclear phase-out, highlighting energy transition challenges....
Tag : energy transition
Azerbaijan to hold first COP29 energy forum for Central Asia
IRENA and Azerbaijan will host the first Central Asia Energy Transition Investment Forum in Baku in November, focusing on attracting investments for renewable energy projects....
UAE’s Masdar invests £11B in UK offshore wind farm
UAE's Masdar finalizes £11 billion investment in UK's offshore wind farm, bolstering global green energy initiatives....
World Bank targets $10 billion climate aid for MENA by 2025
The World Bank has announced an ambitious plan to escalate climate financing in the Middle East and North Africa (MENA) region, aiming to allocate $10...
UAE and Morocco forge new path with innovative partnership declaration
In a landmark move, UAE President Sheikh Mohamed bin Zayed Al Nahyan and Moroccan King Mohammed VI have fortified their countries’ ties with a groundbreaking...
Masdar and Iberdrola partner to invest in German offshore wind farm
Masdar and Iberdrola have entered into a strategic agreement to co-invest in Baltic Eagle, a 476-megawatt (MW) offshore wind farm situated in the German Baltic...
Global clean energy investment set to reach $1.7 trillion, overtaking oil production
Global investment in clean energy is projected to reach an impressive $1.7 trillion in 2023, marking a significant milestone as solar energy surpasses oil production...
European Investment Bank supports circular economy with €3.4 billion lending
Global investment in clean energy is projected to reach an impressive $1.7 trillion in 2023, marking a significant milestone as solar energy surpasses oil production...