Global energy investment set to rise to $3.3trln in 2025: IEA
In its new World Energy Investment 2025 report, IEA stated that investment in clean technologies – renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification – is on course to hit a record US$2.2 trillion this year.
The report explained that investment in solar, both utility-scale and rooftop, is expected to reach US$450 billion in 2025, making it the single largest item in the global energy investment inventory. Battery storage investments are also climbing rapidly, surging above US$65 billion this year.
Lower oil prices and demand expectations are set to result in the first year-on-year fall in upstream oil investment since 2020, according to the report, with an expected 6 percent drop driven by lower oil prices and demand expectations.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
26 minutes ago
- Zawya
Oman: Pact signed to develop natural hydrogen value chain
MUSCAT - Sohar Port and Freezone has signed a Memorandum of Understanding (MoU) with HYNAT SA, a pioneering Swiss company specialised in the research, exploration, and exploitation of hydrogen, to advance the development of a comprehensive natural hydrogen value chain in the Sultanate of Oman. This partnership marks a significant step toward establishing a robust hydrogen ecosystem in SOHAR, with a focus on natural hydrogen as an emerging low-carbon energy source. The collaboration will focus on the identification and assessment of natural hydrogen production areas, development of logistics corridors, and the creation of dedicated storage and processing infrastructure. It will also encompass demand mapping across industry, mobility, and logistics, while exploring export potential for this low-carbon energy source. The agreement builds on an earlier MoU signed between HYNAT and the Ministry of Energy and Minerals (MEM) in February 2025, which granted HYNAT the rights to conduct feasibility studies. The joint roadmap includes defined operational targets, and a development timeline aligned with Oman's broader clean energy transition strategy. Emile Hoogsteden, CEO of SOHAR Port, commented: 'This agreement reinforces SOHAR Port and Freezone's commitment to advancing Oman's clean energy vision by supporting the exploration and development of natural hydrogen. Through this partnership with HYNAT SA, we are laying the foundation for a future hydrogen economy, positioning SOHAR as a key gateway for low-carbon solutions and sustainable industrial growth. Stéphane Aver, Chairman of HYNAT SA, said: 'The signing of this agreement demonstrates our commitment to further developing natural hydrogen as a renewable and low-carbon resource. Together with SOHAR Port and Freezone, we aim to accelerate the energy transition and unlock a new pillar of economic value and sustainability.' SOHAR Port and Freezone continues to play a leading role in supporting Oman's Vision 2040 by promoting investments in renewable energy, industrial decarbonisation, and sustainable logistics. With HYNAT SA's advanced geological expertise and cutting-edge AI-powered detection technologies, this partnership is set to explore the untapped potential of natural hydrogen as a critical component of the global energy mix. 2025 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
26 minutes ago
- Zawya
Excel London hosts first event in new 25,000sqm state-of-the-art expansion
London venue now the largest fully integrated conference & exhibition centre in Europe Expansion stems from growing demand from UK, Europe & North America and will 'reinforce London as a worldleading event destination' London's Deputy Mayor for Business Howard Dawber shows support for Excel and London's events industry Expansion opening coincides with Excel's 25th anniversary year LONDON: Excel London – part of ADNEC Group, a Modon company – has successfully hosted the inaugural event in its new state-of-the-art expansion – making it the largest fully integrated conference and exhibition centre in Europe. The weekend's season finale of the ABB FIA Formula E World Championship marked the opening of the new 25,000sqm purpose-built space, built by McLaren Construction, expanding the venue's existing world-class facilities by a further 25% – totalling 125,000sqm (1.3m sqft). Developed due to growing demand from the UK, Europe and North America, the expansion forms part of a wider £350 million investment programme from ADNEC Group in London's business tourism economy, and forms part of Excel's mission to become the best event destination in the world. Offering stunning views of London's skyline, the new facilities include an expanded International Convention Centre – allowing Excel and London to compete for a some of the largest congresses in Europe – together with ultra-modern exhibition halls, conference spaces and meeting rooms. Built to leading BREEAM sustainability standards, the expansion includes new public green spaces, an enhanced waterfront for pedestrians and cyclists and, like the entirety of Excel, uses 100% renewable energy. In addition, the construction process saved more than 11,000kg of CO2e by using Cemfree, an ultra-low carbon masonry mortar. Humaid Matar Al Dhaheri, Chairman of Excel London and Managing Director and Group CEO of ADNEC Group, said: 'The expansion of Excel marks a pivotal moment and a strategic investment to drive growth for ADNEC Group, as well as reinforce London as a world-leading event destination. 'This expansion enhances our competitiveness to attract the largest international events, generating significant economic flows for the city, and supporting thousands of businesses and local jobs. The increased space directly translates into higher revenues and profits through improved occupancy rates and the ability to host larger and concurrent events. 'The flexible spaces allow us to accommodate new types of events, increase our annual event count, and attract leading global names in vital sectors such as technology and science. This expansion is the driver of our future growth, enabling us to better serve our clients and strengthen our role as a vital economic engine for London.' Jeremy Rees, CEO of Excel London, added: 'This expansion is a historic moment of pride not just for Excel in its 25th anniversary year, but for the entire city of London. It is not just an increase in space, but an investment in the future and a testament to our commitment to providing a world-class environment for world-class events…fitting therefore that the spectacle of Formula E should be the first.' He added: 'Interest and bookings for our new expansion, and Excel as a whole, are at unprecedented levels, with 10 major international congresses already confirmed for 2026 – a record for a single year – and demonstrating London as a global events destination.' Excel, together with its new entertainment district Immerse LDN, hosts more than 400 events annually, welcoming four million visitors – a quarter of these from overseas – with these figures expected to rise over the coming years. The venue was acquired by ADNEC Group in 2008 and, thanks to their investment and vision, has grown from strength to strength ever since. For more information on Excel London visit
Gulf Business
an hour ago
- Gulf Business
Arada raises $450m in oversubscribed sukuk issuance
Image: Getty Images/ For illustrative purposes The RegS Sukuk, priced with a fixed coupon of 7.150 per cent, drew peak orders exceeding $2bn, excluding joint lead managers. The transaction priced 47.5 to 60 basis points tighter than initial guidance of 7.625 to 7.750 per cent, landing at a spread of 317 bps over US Treasuries. The paper is rated BB- by Fitch and B1 by Moody's and has been listed on both the London Stock Exchange and Nasdaq Dubai. Proceeds from the issuance will partly fund a tender offer of up to $100m for Arada's outstanding 2027 Sukuk, with the remainder earmarked for general corporate purposes. Arada sukuk attracts interest for investors in Europe, Middle East and Asia Prince Khaled bin Alwaleed bin Talal, executive VC of Arada, said the strong investor response was a vote of confidence in the company's performance and future prospects. 'Our latest successful return to the global markets reflects once again the trust being placed by regional and international investors in Arada's track record, robust financial position and growth prospects,' he said. The sukuk attracted broad investor interest across Europe, the Middle East and Asia, with participation from banks, private banks, asset managers, hedge funds and other institutional investors. Joint global coordinators for the transaction were Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq and Standard Chartered. Joint Lead Managers and Bookrunners included Arab Bank, Arqaam Capital, Bank ABC, RAK Bank, Sharjah Islamic Bank and Warba Bank. Arada, which launched operations in 2017, has delivered over 10,000 units to date and sold more than 17,000 homes valued at Dhs29bn. Its project pipeline spans the UAE and Australia, with a total value exceeding Dhs90bn. Read:
