Net zero alliance UNEZA aims for 749 GW of renewables by 2030

The members of the newly-established Utilities for Net Zero Alliance (UNEZA) unveiled a joint action plan pledging to expand the renewable energy capacity within their portfolios to 749 GW by 2030, alongside initiatives aimed at grid infrastructure development.

The strategy entails a 2.5-fold increase to the 2023 volumes and outlines an action plan focused on three major areas -- de-risking supply chains; facilitating policy and regulatory support, and mobilising capital, according to a press statement.

The UNEZA Roadmap to 2030 was unveiled today within the 14th Assembly of the International Renewable Energy Agency (IRENA).

UNEZA, launched at COP28, aims to unite utilities and power companies to lead in the development of grids that are ready for renewable energy, promote clean energy solutions, and advance electrification efforts. It is under the guidance of IRENA and the UN Climate Change High-Level Champions.

The net zero utilities alliance is led by UAE’s Abu Dhabi National Energy Company (TAQA) and unites more than 30 partners. Green Grids Initiative and ACWA Power are the latest additions to the community. DEWA, EDF, EDP, E.ON, Enel, Engie, Etihad Water and Electricity, Iberdrola, Jinko Power, Masdar, National Grid, Octopus Energy, RWE and others are among UNEZA's founders.

Choose your newsletter by Renewables Now. Join for free!