Production from renewable sources increased by 21 percent in 2023 compared with the previous year. The share of electricity generated from fossil fuels fell, and the Netherlands exported more electricity to neighbouring countries than ever before.
The Nicosia Solar Energy Storage Hybrid Power Plant combines photovoltaic generation with advanced battery storage, solving two critical challenges in renewable energy: intermittency and grid synchronization.
The report, Rise of renewables in the Gulf Region, unveiled today at the World Future Energy Summit, shows that variable renewable capacity in MENA is set to grow around tenfold by 2040 — and continue rising through 2060 — even as the region remains a major oil and gas producer.