A report by Rystad Energy argues that the planned expansion of the BRICS bloc, through the addition of Saudi Arabia, Iran, United Arab Emirates (UAE), Egypt, Ethiopia and Argentina, will transform it into a global leader in renewable energy. According to Lars Nitter Havro, Senior Analyst, at Rystad Energy “the BRICS+ alliance is fundamentally reshaping the global energy landscape, challenging established paradigms and committing to ambitious sustainability targets. As this emerging superpower’s economies expand and energy demands continue to evolve, ensuring a stable and secure energy supply will become paramount. This provides an opportunity to directly shift towards advanced sustainable energy infrastructure rather than relying on outdated frameworks”.
