In a recent interview, Marco Arcelli, the CEO of ACWA Power, emphasized the significant strides made in the affordability and speed of renewable energy development in the Global South. Arcelli highlighted that the cost of renewable energy has declined dramatically in recent years, making it a more accessible and viable option for developing countries looking to diversify their energy mix and reduce their reliance on fossil fuels. He also pointed out that the speed at which renewable energy projects are being constructed has increased considerably, enabling countries to meet their growing energy needs more efficiently and sustainably. This positive trend is expected to continue in the years to come, with renewable energy playing an increasingly important role in powering the economic growth and development of the Global South.
Renewables Gaining Momentum in the Global South
