The world is falling behind on renewable energy and efficiency goals, despite record capacity growth in 2024, according to a new report from the International Renewable Energy Agency (IRENA), the COP30 Brazilian Presidency, and the Global Renewables Alliance (GRA).

Global renewable capacity additions reached 582 GW last year, yet the COP28 UAE Consensus target of tripling renewables to 11.2 TW by 2030 now requires 1,122 GW annually, with 16.6% growth needed each year. Energy efficiency also lags, with global energy intensity improving by just 1% in 2024—far below the 4% annual gains needed to meet UAE Consensus goals.

The report calls for urgent action: integrating renewable targets into national climate plans, doubling collective NDC ambition, and scaling investment in renewables to at least USD 1.4 trillion annually through 2030.

United Nations Secretary-General António Guterres said, “The clean energy revolution is unstoppable. Renewables are deployed faster and cheaper than fossil fuels – driving growth, jobs, and affordable power. But the window to keep the 1.5°C limit within reach is rapidly closing. We must step up, scale up and speed up the just energy transition – for everyone, everywhere.”

IRENA Director-General Francesco La Camera added, “The world has broken renewable capacity records, but records alone will not keep 1.5°C alive. Renewables are not just the most cost-effective climate solution; they are the biggest economic opportunity of our time. This report shows the path: accelerate deployment, modernise grids, scale clean-tech and strengthen supply chains.”

Ben Backwell, Chair of the GRA, said, “The private sector is driving the energy transition, providing three-quarters of global clean energy investment… What we need now are long-term government plans that match national ambitions; we need pipelines that deliver projects.”

The report highlights that G20 nations must lead, contributing over 80% of global renewable capacity by 2030, while advanced economies should ramp up climate finance and investment in grids, storage, and clean-tech supply chains to secure a stable energy transition.

Trinasolar, a global leader in smart PV and energy storage solutions, showcased its latest innovations at Solar & Storage Live KSA 2025, held from 12 to 14 October at the Riyadh Front Exhibition & Conference Center.

The company reaffirmed its long-term commitment to Saudi Arabia’s Vision 2030 through advanced innovation, localisation, and sustainable industrial growth.

At the exhibition, Trinasolar presented a complete portfolio tailored to the Kingdom’s clean-energy ambitions, featuring the Vertex N module (NEG21C.20) with power output up to 740 watts and the Elementa 3 energy storage platform alongside TrinaTracker systems and Trinabot BUILDEX, an AI-driven robotic cleaning solution. Together, these technologies offer an integrated solar and storage solution designed to boost efficiency, reliability, and long-term performance across utility-scale and commercial-industrial projects.

Trinasolar continues to deepen its investment in Saudi Arabia through local manufacturing and technology transfer. The company has achieved the 35% localisation rate required by the Saudi government, with higher rates in select projects, supported by its TrinaTracker factory in Jeddah. Established under a land-lease agreement with MODON in the Third Industrial City, the facility has an annual production capacity of 3GW, enabling faster delivery and stronger local integration.

“Reaching the government’s required localisation rate at our projects is a significant milestone that demonstrates Trinasolar’s deep commitment to Saudi Arabia’s Vision 2030,” said Todd Li, head of Asia Pacific, Middle East & Africa (APMEA) at Trinasolar. “With more than 57 gigawatts of solar and energy storage projects tendered under the National Renewable Energy Programme, the Kingdom is entering a transformative phase, and we are well positioned to contribute to this growth through our full range of advanced technologies and integrated smart-energy solutions that support the Kingdom’s evolving energy needs.”

Key features

Built on Trinasolar’s 210mm n-type i-TOPCon technology, the Vertex N 740W module achieves up to 23.8% efficiency, reduced LCOE, and strong reliability in high-temperature environments. The Elementa 3 platform enhances energy density, safety, and operational performance with high-capacity 587Ah cells and intelligent temperature control for stability even at 55°C. The Trinabot BUILDEX robotic cleaning solution further improves O&M performance and long-term energy yield, helping developers maximise uptime and investment value.

During the exhibition, Trinasolar announced strategic collaborations to strengthen its regional presence. The company welcomed Sky Energy as its new distributor in Saudi Arabia, expanding access to its advanced solar solutions to support the Kingdom’s clean-energy goals. Additionally, Trinabot and MAN signed a cooperation agreement focused on photovoltaic installation robotics, combining expertise to accelerate intelligent installation practices across the Middle East and Africa.

With over 28 years of continuous innovation, more than 200GW of cumulative 210mm module shipments, and 12GWh of global energy storage shipments, Trinasolar remains a trusted partner in advancing the energy transition across the Middle East and Africa, empowering the region to harness solar power for a sustainable future.

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Construction projects are growing in scale and complexity, demanding smarter ways to manage cost, time, and performance. ProjectVIEW ERP by DANAOS Projects brings all these elements together in a single platform, helping contractors maintain control and drive efficiency from planning to execution. Read on:

Driving Saudi Arabia’s construction digital transformation

Saudi Arabia’s Vision 2030 places digital transformation at the core of its economic evolution—demanding not just digitisation, but specialised transformation tailored to each sector’s unique workflows. In construction, mining, and project-based fabrication—industries that form an interconnected value chain—success relies on systems capable of managing complexity, cost, and accountability from bid to execution.

As each sector feeds into the other—mining, fabrication, and construction—data integration across all three domains becomes critical to achieving visibility, control, and efficiency throughout the entire project lifecycle.

ProjectVIEW ERP by DANAOS empowers contractors and enterprises across all project-based industries—construction, mining, and fabrication—to build a better world through data-driven precision and unified control. By integrating time, cost, and performance into one intelligent platform, it unifies fragmented processes into a connected value chain—driving efficiency, accountability, and agility for every project-based industry under Vision 2030.

Why Saudi contractors need a construction-specific ERP solution

Despite their size and sophistication, many contractors in KSA still rely on decoupled, non–industry-specific systems—one for finance, another for scheduling, and countless spreadsheets for cost tracking—creating silos that limit visibility, accuracy, and control.

This fragmentation leads to:

• Cost overruns caused by delayed information flow between site and office.
• Inaccurate budgets due to disconnected BoQ and resource data.
• Limited visibility into project progress and productivity.

A construction-specific ERP like DANAOS ProjectVIEW ERP unifies every process—from design and estimation to procurement, fabrication, and site execution—into a single command centre, delivering one version of the truth across all projects and operations.

Developed internationally, DANAOS ProjectVIEW ERP is an industry-specific solution purpose-built for the realities of construction and fabrication in Saudi Arabia. Tailored for Saudi contractors and manufacturers, it delivers an end-to-end project management and cost control ecosystem that enforces accountability, and measurable performance through real-time cost control and analytics, fully aligned with the Kingdom’s operational standards and Vision 2030 objectives.

ProjectVIEW ERP

Unlike generic ERP systems, ProjectVIEW ERP has been designed by construction experts for the construction-specific and project-based manufacturing industries. Its architecture revolves around three fundamental pillars:
• BoQ ↔ WBS ↔ Cost codes integration for absolute project transparency.
• Procurement and warehouse management with eRFQ portals for suppliers and subcontractors.
• Integrated HR, payroll, and machinery management ensuring real cost allocation per project.

This modular approach transforms ProjectVIEW ERP into the definitive construction ERP software in Saudi Arabia, delivering an all-encompassing project cost control system that operates at an enterprise-wide scale and seamlessly integrates with other ERP systems when required.

Fully Compliant with Saudi regulations

Regulatory compliance is a top priority for every Saudi enterprise. ProjectVIEW ERP is ZATCA-compliant—fully supporting Phase 2 e-invoicing with XML file generation, QR codes, and real-time integration with ZATCA’s Fatoora system. DANAOS Projects ensures its solution adheres to Saudi VAT ERP system rules and provides seamless e-invoicing software workflows.

Real-time project performance

The BoQ–WBS–Cost Code integration is ProjectVIEW’s DNA. This triad delivers real-time construction performance monitoring, linking planning, cost control, and execution into a single data model.
Contractors gain immediate insights into budget-versus-actual performance, resource productivity, and deviation alerts—empowering project managers to take corrective actions before overruns occur while aligning financial outcomes with project costs and payments. 

Seamless integration with multiple systems

ProjectVIEW ERP operates as an centralised ERP ecosystem, natively integrating with Oracle Primavera, Microsoft Project, and BIM systems such as Revit, Navisworks, and Tekla. Through these integrations, ProjectVIEW synchronises schedules, quantities, and costs—delivering a unified digital thread across planning, design, and execution. This ensures total synchronisation between Primavera integration ERP, BIM ERP Saudi Arabia, and construction scheduling integration environments.

Cloud-ready and scalable 

Built and running on a Microsoft Azure Cloud environment—private and dedicated to each client—or deployed directly on the client’s preferred premises, ProjectVIEW ERP is cloud-ready and fully scalable, making it ideal for Saudi Arabia’s giga-projects and multi-tenant environments such as NEOM, The Red Sea, Diriyah Gate, and Qiddiya. Its architecture enables multi-company, multi-project, and multilingual environments, providing centralised control with distributed access across contractors, consultants, suppliers and subcontractors.

ProjectVIEW ERP is hosted on ISO-certified cloud infrastructure, complying with:
• ISO 27001 (Information Security)
• ISO 20000 (IT Service Management)
• ISO 9001 (Quality Management)
• ISO 27018 (Data Protection)
• ISO 14001 (Environmental Management)

ProjectVIEW ERP transforms financial management into a live performance cockpit. Through real-time dashboards, cash-flow projections, and budget vs. actual analytics, financial managers gain a consolidated view across multiple projects. The system integrates directly with accounts payable, receivables, and subcontractor ledgers—delivering true project accounting system KSA functionality. For executives, it offers predictive insights that drive profitability through robust construction finance management software dashboards .

Why leading Saudi contractors choose ProjectVIEW ERP

From large EPC contractors to infrastructure developers and marine construction firms, Saudi Arabia’s leading companies rely on ProjectVIEW ERP to achieve operational excellence. By enforcing a unified project structure (BoQ–WBS–Cost Codes), ensuring ZATCA compliance, and supporting both office-to-site collaboration and mobile access, ProjectVIEW ERP has established itself as the top ERP software Saudi Arabia and the preferred construction management ERP system for visionary contractors driving Vision 2030.

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