Global utilities unite to triple renewable energy capacity by 2030

Jakarta – An alliance of global power companies members of the Utilities for Net Zero Alliance (Uneza) announced an ambitious commitment to triple renewable energy capacity by 2030. This target is contained in the Uneza Roadmap to 2030 launched at the 14th Assembly of the International Renewable Energy Agency (Irena) in Abu Dhabi, United Arab Emirates.

“Global power companies are taking bold steps towards the target of tripling renewable energy by 2030,” said Uneza Co-Chair Jasim Husain Thabet, quoted on Tuesday, April 23,

World leaders agreed to the target of tripling renewable energy by 2030 at the COP28 Climate Summit in Dubai, UAE, last year. According to Thabet, this commitment is not only in terms of concrete investment plans but also in efforts to overcome barriers to the energy transition, especially in power grid infrastructure.

Thabet emphasized that developing power grid infrastructure is essential to enable the energy transition and the expansion of renewable energy power generation.

Meanwhile, Irena’s Director General, Francesco La Camera, welcomed Uneza’s commitment and emphasized the critical role of power companies in achieving the energy transition.

“Tripling renewable energy by 2030 requires modernizing a more interconnected and flexible grid infrastructure that supports renewables,” said La Camera.

“The announcement of Uneza’s action plan is a significant step towards achieving that goal and demonstrates the important role that utilities can play in transforming our energy system and realizing net-zero targets.”

According to Irena, it will take investments into the electricity grid of around US$720 billion per year to scale up renewable energy to meet the target.

The Uneza Roadmap to 2030 will catalyse global efforts to achieve clean and sustainable energy. The commitment and concrete actions of Uneza members will play an important role in realizing a greener energy future. (Hartatik)

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