South America’s Renewable Energy Transition Set to Deliver Economic and Social Gains
A new IRENA report released at COP30 highlights that South America’s power sector could generate up to 98.5% of its electricity from renewables by 2050, but achieving this requires annual investments of $500 billion and significant grid modernization. The transition is expected to create over 12 million energy sector jobs and increase GDP growth by an additional 1.1% annually, while boosting energy security and reducing fossil fuel dependence.[1]
Apple Expands Renewable Energy Commitments in Australia to Match Customer Usage by 2030
Apple announced new solar projects in Australia, including an 80MW facility in Victoria, as part of its goal to match all energy customers use to power Apple products with clean electricity by 2030. The company’s growing portfolio will contribute over 1 million megawatt-hours of renewable power annually to Australia’s grid, supporting the nation’s clean energy transition.[2]
Solar and Wind Surpass Coal in Global Electricity Mix for First Half of 2025
Global electricity data for the first half of 2025 shows that solar and wind generation outpaced demand growth and, for the first time, renewables overtook coal’s share in the worldwide power mix. This marks a significant milestone in the shift toward cleaner energy sources.[3]
Latin America Achieves 70% Renewable Share in Electricity, Faces Integration Challenges Ahead of COP30
Latin America has increased renewables to 70% of its electricity production by 2025, reducing the sector’s carbon footprint by 40% over the past decade, but faces ongoing challenges in regional grid integration and electrification of transport and industry. The upcoming COP30 summit is poised to emphasize the need for infrastructure investment, expanded storage, and regional coordination to sustain progress.[4]
Midwest U.S. to Add 4 GW Battery Storage, Powering Millions and Driving $7 Billion in Investment
The Midwest is set to develop 4 gigawatts of battery storage, enough to power more than 3.4 million homes, with the initiative expected to generate over $7 billion in energy infrastructure investment. This expansion will enhance grid reliability and support further integration of renewable energy in the region.[6]
EU and Ecuador Begin Talks on Sustainable Investment Facilitation Agreement
The European Union and Ecuador have launched negotiations for a Sustainable Investment Facilitation Agreement, aiming to promote environmentally responsible investment and support Ecuador’s clean energy transition. The agreement is expected to streamline green investments and strengthen regulatory cooperation.[7]