The latest OPEX report by the Energy Industries Council (EIC) highlights the significant surge in renewable energy capacity in the Middle East, driven by projects like the Rashid bin Mohamed Al-Makhtoum Solar Park (Phase 5) and the UAE Wind Programme. Solar power capacity tripled from 3.4 GW in 2020 to 9.3 GW by 2023, with onshore wind also expanding from 0.9 GW to 1.97 GW. This growth is supported by initiatives like Saudi Arabia’s National Transformation Plan and Oman’s Wind 2025. Masdar is actively contributing to the region's energy transition, with projects like the Masdar City Green Hydrogen Demonstration Project and plans for decarbonized maritime fuels. The Middle East is increasingly focusing on carbon capture and hydrogen plants, with multiple projects in the pipeline. While the oil and gas sectors remain dominant, the region is decommissioning aging power plants and refineries to shift towards renewable energy and carbon reduction technologies. This dual approach highlights the Middle East's commitment to balancing traditional energy sources with innovative solutions, positioning itself as a key player in global renewable capacity.