Tag: IRENA

In Tangail, Bangladesh, entrepreneurship is not something most women would endeavour. Many prefer to leave homes for the capital to work as garment factory workers. Twenty-nine-year-old Jorna Begum however, made a different choice, although it was a choice she did not foresee either. Having to take care of her family and spend a lot of her time on daily chores, she found herself with increasingly less time to keep her small grocery shop open for long hours. The shop has been running for four years in front of the house…

Read More

To accelerate renewable project financing across Central America and the Caribbean, the International Renewable Energy Agency (IRENA) is inviting renewable energy project developers from both the public and private sectors in the region to submit their project proposals. Selected projects may be considered for funding through IRENA’s Climate Investment Platform (CIP) and Energy Transition Accelerator Financing (ETAF) platform. This initiative aims to support the ongoing efforts of Central American and Caribbean countries to decarbonise their economies and scale up the use of renewable energy, while ensuring a just energy transition.…

Read More

The Renewable Energy Statistics 2026 released by the International Renewable Energy Agency (IRENA) today shows that renewable electricity generation grew by 9.8% in 2024 — significantly higher than the growth rate recorded in 2023. Non-renewables continued to fall behind with an increase of 1.4% over the same period. Overall, renewables accounted for 31.7% of the electricity generation globally in 2024, totaling 9 836 terawatt hours (TWh). Drawing on IRENA’s roadmap, the incoming COP31 Presidency of Türkiye has announced a global electrification target of 35% of final energy demand by 2035…

Read More

Renewable power costs remain low, making renewables the cheapest source of new electricity in most markets and further strengthening their cost advantage over fossil fuels. Renewable Power Generation Costs in 2025, released by the International Renewable Energy Agency (IRENA) today, estimates that more than 90% of the utility-scale renewable capacity added in 2025 was cheaper than the lowest-cost new fossil alternative. The cost advantage of renewables over fossil fuels continued to widen. In 2025, Solar PV remained at its 2024 level of USD 44 per megawatt hour (MWh), while wind…

Read More

At a time when energy security and affordability have risen to the top of the development agenda, 655 million people globally still lack access to electricity, and two billion use polluting fuels and technologies for cooking putting their health and well-being at risk. Sub-Saharan Africa bears a disproportionate share of these gaps, with over 560 million living without electricity and 970 million lacking access to clean cooking. The latest edition of Tracking SDG 7: The Energy Progress Report, featuring new 2023 and 2024 data, shows while most regions are nearing…

Read More