– Utilities for Net Zero Alliance (UNEZA) aims to increase renewable energy generation capacity to 749 GW by 2030, a 250% increase over current capacity
– UNEZA, led by TAQA, has members such as National Grid, Enel, EDF, and Edison International, focusing on collaboration to address energy transition challenges
– Investment of $720 billion annually required to support power grids and flexible power generation to limit global warming to 1.5°C, with a focus on modernizing infrastructure and regulatory support
The Utilities for Net Zero Alliance (UNEZA) aims to triple renewable energy capacity by 2030, increasing output to at least 749 GW. Led by TAQA, the group’s members include major utility companies worldwide. The group plans to invest billions in infrastructure and policy support to achieve their goal and address challenges like grid modernization and supply chain issues. The plan was announced at IRENA’s 14th Assembly in Dubai, emphasizing the need for global cooperation among utilities to accelerate the adoption of renewables.
IRENA director general Francesco La Camera highlighted the urgent need for modernizing electric power infrastructure to support renewable energy systems and limit global warming. The alliance’s plan focuses on building resilient supply chains, regulatory support, and investment partnerships to achieve the 2030 goal. H.E. Razan Khalifa Al Mubarak, the UN Climate Change High-Level Champion, emphasized the crucial role of utilities in achieving net-zero targets and urged global utilities to join the initiative.
UNEZA’s membership includes major utility companies like EDF, Enel, and National Grid, working together to drive the transition to renewable energy. The group’s aim to triple renewable energy capacity by 2030 aligns with global climate goals and emphasizes the importance of collaboration among utilities, policymakers, and regulators to build a sustainable energy future.