Global Renewables Alliance (GRA)

🎯 “Huge opportunity to drive investment,” said GRA CEO Bruce Douglas to Recharge about the upcoming #NDCs and the global #storage and #grids pledge. As countries prepare their updated NDCs, the #COP29 Global Energy Storage and Grids targets are gaining significant support, with multiple countries already endorsing them. Douglas emphasised that this development presents a “huge opportunity to drive investment and accelerate the clean energy transition over the next 12 months.” However, he stressed that while the pledge to scale up global energy storage and grid infrastructure is a crucial step, bold action and investment must follow to make the goals a reality. He also highlighted the importance of ensuring that finance flows to emerging markets and developing economies to fully unlock their renewable energy potential. 💬 “Targets are not turbines,’ or ‘pledges are not pylons,’” underscoring that high-level commitments must translate into on-the-ground action to ensure real progress. Looking ahead, #COP30 in Brazil will provide an opportunity to build on COP29’s momentum and formalise the targets at a global level - “this is really the start of the process.” The clean energy transition relies on continued collaboration, investment, and commitment from all sectors to ensure a clean, secure, and just energy future for all. 🔗 Read the full article here: https://lnkd.in/gnTQXGch 🔗 To learn more about the actions needed to achieve #3xRenewables by 2030, visit: https://lnkd.in/dbvUU6BC #NowDeliverChange #EnergyStorage #GlobalGrids #CleanEnergyTransition #COP29 GRA members Global Wind Energy Council (GWEC) Ben Backwell | Global Solar Council (GSC) Sonia Dunlop | International Hydropower Association (IHA) Eddie Rich | Long Duration Energy Storage Council (LDES Council) Julia Souder | Green Hydrogen Organisation - GH2 Jonas Moberg | International Geothermal Association Marit Brommer

🔺“The global commitment to triple renewable energy urgently needs to be translated into national plans and local projects,” said GRA’s CEO Bruce Douglas to Reuters in an article about the challenges and opportunities of climate finance and #3xRenewables. GRA is calling on countries to set ambitious national targets aligned with the tripling goal, alongside specific renewable targets and an energy plan, in their upcoming #NDCs to generate industry and investor confidence. “Going back to those NDCs, it's about the enabling frameworks. So, if there's a long-term, clear, stable policy framework in place that encourages investment, then we will follow those signals, but currently we're not seeing them in many markets,” adds Douglas. Achieving the tripling goal also depends on the critical development of #grids and energy #storage. GRA supports the #COP29 pledge to: ⚡ Double grid investments and upgrade 25 million km of grid infrastructure by 2030. 🔋 Increase energy storage sixfold to reach 1500GW by 2030. These targets are gaining momentum with backing from nations such as the UK, Uruguay, Belgium, and Sweden. However, as Douglas states, “We know targets are not turbines, but the key is that they raise awareness about the importance of grids and storage,” both of which are essential to prevent energy curtailment and ensure a smooth renewable energy transition. The road to #3xRenewables is clear: ambitious targets, stable policies, enabling frameworks, and coordinated action between governments and non-state actors. Let’s turn targets into turbines, frameworks into projects, and potential into progress. 🔗 Read the full article for more insights: https://lnkd.in/ebCFm-64 With: Vikram Singh RMI and Bertrand Piccard Solar Impulse Foundation #Time4Action #NowDeliverChange GRA members Global Wind Energy Council (GWEC) Ben Backwell | International Hydropower Association (IHA) Eddie Rich | Global Solar Council (GSC) Sonia Dunlop | Long Duration Energy Storage Council (LDES Council) Julia Souder | International Geothermal Association Marit Brommer | Green Hydrogen Organisation - GH2 Jonas Moberg

With the Global Wind Energy Council (GWEC) Asia team getting everything ready for the opening of the APAC Wind Summit in Incheon, South Korea tomorrow - looking forward to seeing you there! Equinor Corio Generation Vestas RWE OW Ocean Winds Ørsted Siemens Energy Mingyang Smart Energy Fugro The World Bank ESMAP - Energy Sector Management Assistance Program Asian Development Bank (ADB) International Renewable Energy Agency (IRENA) Climate Group Asia Clean Energy Coalition (ACEC) Global Renewables Alliance (GRA)

#COP29 has come to a close. Over two weeks, International Renewable Energy Agency (IRENA) forged impactful partnerships, shared critical insights, and championed ambitious actions to keep the 1.5°C target within reach. Read Director General Francesco La Camera’s reflections on the outcomes and explore IRENA’s key engagements below. 👇 https://lnkd.in/gJYJrTFQ COP28 UAE COP29 Azerbaijan Ministry of Energy of Azerbaijan Jennifer Morgan UN Climate Change António Guterres World Trade Organization Global Renewables Alliance (GRA) MoCCaE UAE Ministero degli Affari Esteri e della Cooperazione Internazionale European Commission Nawal Al-Hosany Dr. Amna bint Abdullah Al Dahak Ngozi Okonjo-Iweala

The Global Solar Council (GSC) acknowledges the deal at #COP29 Baku, which keeps the social contract within the Paris Agreement alive - but only just. The “Finance COP” has agreed a new finance target of $300bn from developed to developing countries for climate related projects. However compare that to the $500bn a year that is currently being invested in solar PV alone globally according to International Energy Agency (IEA) estimates - mostly in developed countries - and you realise how much more private finance can do if the economics are right. We in the Global Solar Council will focus on mobilising low cost private finance for solar around the world and using the scarce grants and concessional subsidised finance primarily for smaller-scale renewables in the Least Developed Countries and islands that need it most. Our International Solar Finance Group, launched last week in Baku and led by Jinko Solar Co., Ltd. and LIN SUN will work across Multilateral Development Banks and private investors to bring the cost of capital down for solar projects in developing countries from eg 15% to 5%. The Global Renewables Alliance (GRA) and Ana Rovzar Bruce Douglas are also working to solve the finance barrier for all renewables, all over the world. #3xRenewables Solar has the potential to be transformational for small islands and the most vulnerable countries, allowing households and villages to access clean energy, pull themselves out of poverty and sometimes power their lives for the first time. The Global Solar Council will also work to maximise the #adaptation and resilience benefits of solar PV, storage and distributed renewables. We need a more distributed electricity system with household solar and storage that can go into “off grid mode” during blackouts and natural disasters. The International Solar Alliance, the intergovernmental organisation on solar, will also work to strengthen its Global Solar Facility to empower developing countries to grab the opportunity of the solar revolution that is underway. We just did 2TW of solar PV globally, and can do so much more. #SolarCanDeliver https://lnkd.in/eBspJqeN We will also work with the Greening the Islands Foundation to deliver solar and green energy solutions for the smallest and most vulnerable islands, who were the protagonists, the heros, of this COP. Samoa, Marshall Islands, the Maldives, Dominican Republic - we stand with you to deliver 100% renewable islands and show how it’s done. Gianni Chianetta Francesco Luise Global Solar Council is available for comment and broadcast, in London, Brussels and all over the world through our network. Huge thanks to the incredible Global Solar Council CO29 team of Alyssa Pek Abdallah Alshamali Léo Echard and Rita Ren. We will do a separate reaction on grids and storage.

#COP29: A Landmark Moment for Grid Financing 🌏🌍At COP29, the Green Grids Initiative (GGI) brought together governments, industry, and civil society at the Global Renewables Hub Pavilion to accelerate the development of transmission and distribution infrastructure. Supported by the Global Renewables Alliance (GRA), the discussions underscored the critical role of grids in the clean energy transition. ⚡️⚡️🚦🚦 Learn all about what happened for grids at #COP29 👇👇👇 Climate Compatible Growth #CCG Lucetia Group

📢 Final COP29 agreement - my initial reaction: "Should have been better - could have been much worse..." "This agreement falls far short of the transformative finance and ambition needed to protect developing countries and supercharge the required energy transition. However, the direction of travel remains clear: the transition to #renewables is unstoppable.   There are some glimmers of hope, with the reaffirmation of the COP28 global stock take (but seemingly without any agreed step forward) and commitments to a roadmap for delivering direct financial support and reform. There is a pledge to increase funding to developing countries to USD 300 Billion per year by 2035 and a roadmap to take that up to 1.3 Trillion per year (mainly from private finance). But, let’s be very clear—this agreement is just a foundation, not a solution, with a lot of obstruction encountered on the way - it lacks the ambition and leadership needed from wealthier nations.   A fair, fast, and fully funded transition must now take priority, with direct investments flowing into renewables for EMDEs and a decisive shift away from fossil fuels. This is the only way to share the enormous benefits of a renewable powered future with everyone.   The renewables industry is already delivering globally, proving its scalability and resilience, but progress depends on immediate and bold government action to provide enabling frameworks and implement the $1.3 trillion roadmap without delay.   Another positive sign was the support of multiple countries for the global energy #storage and #grids pledge. Urgent action and #finance are now required to implement these global targets. Thank you to the COP29 Presidency for a warm welcome, a well organised event, pushing the action agenda and raising awareness in the importance of #Flexibility - essential to triple renewables. Special thanks to my friend and relentless supporter of these energy pledges, Orkhan Zeynalov.   As we look ahead to COP30 in Belém, nations must now step up with specific, action-orientated national plans to deliver a clean, secure and just future for all." 👍 Read UN news article here: https://lnkd.in/eNDm_yjE 👍 Read final COP29 agreement documents here: https://lnkd.in/egPVq4Fw 👍 See Global Renewables Alliance (GRA) action agenda here : https://lnkd.in/eCXqZCgs. #Time4Action #3xRenewables #NowDeliverChange Global Wind Energy Council (GWEC) Ben Backwell | Global Solar Council (GSC) Sonia Dunlop | International Hydropower Association (IHA) Eddie Rich | Long Duration Energy Storage Council (LDES Council) Julia Souder | International Geothermal Association Marit Brommer

💢 𝗚𝗥𝗔'𝘀 𝗿𝗲𝗮𝗰𝘁𝗶𝗼𝗻 𝘁𝗼 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗹 𝗖𝗢𝗣𝟮𝟵 𝗮𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁 Bruce Douglas, CEO of GRA, reacts to the final outcome of the COP29 negotiations in Baku: "This agreement falls far short of the transformative finance and ambition needed to protect developing countries and supercharge the required energy transition. However, the direction of travel remains clear: the transition to #renewables is unstoppable.   There are some glimmers of hope, with the reaffirmation of the COP28 global stock take (but seemingly without any agreed step forward) and commitments to a roadmap for delivering direct financial support and reform. There is a pledge to increase funding to developing countries to USD 300 Billion per year by 2035 and a roadmap to take that up to 1.3 Trillion per year (mainly from private finance). But, let’s be very clear—this agreement is just a foundation, not a solution, with a lot of obstruction encountered on the way - it lacks the ambition and leadership needed from wealthier nations.   A fair, fast, and fully funded transition must now take priority, with direct investments flowing into renewables for EMDEs and a decisive shift away from fossil fuels. This is the only way to share the enormous benefits of a renewable powered future with everyone.   The renewables industry is already delivering globally, proving its scalability and resilience, but progress depends on immediate and bold government action to provide enabling frameworks and implement the $1.3 trillion roadmap without delay.   Another positive sign was the support of multiple countries for the global energy #storage and #grids pledge. Urgent action and #finance are now required to implement these global targets. Thank you to the COP29 Presidency and Azerbaijan government for a warm welcome to beautiful Baku, smooth event organisation, pushing the action agenda and raising awareness in the importance of #Flexibility - essential to triple renewables. Special thanks to my friend and relentless supporter of these energy pledges, Orkhan Zeynalov.   As we look ahead to COP30 in Belém, nations must now step up with specific, action-orientated national plans to deliver a clean, secure and just future for all." 👍 Read UN news article here: https://lnkd.in/eNDm_yjE 👍 Read final COP29 agreement documents here: https://lnkd.in/egPVq4Fw 👍 See Global Renewables Alliance (GRA) action agenda here : https://lnkd.in/eCXqZCgs. #Time4Action #3xRenewables #NowDeliverChange Global Wind Energy Council (GWEC) Ben Backwell | Global Solar Council (GSC) Sonia Dunlop | International Hydropower Association (IHA) Eddie Rich | Long Duration Energy Storage Council (LDES Council) Julia Souder | International Geothermal Association Marit Brommer

2️⃣ 𝗱𝗮𝘆𝘀 𝘁𝗼 𝗴𝗼 𝘂𝗻𝘁𝗶𝗹 '𝗧𝗶𝗺𝗲𝟰𝗔𝗰𝘁𝗶𝗼𝗻: 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗦𝗼𝘂𝗿𝗰𝗶𝗻𝗴' 📣 #ConfirmedSpeakers - We are thrilled to introduce the newest speakers for GRA’s flagship event ‘#Time4Action: Corporate Sourcing’, taking place in Incheon, South Korea 🔵 Raquel Echague: Director, Resource-Based Industries Service at Philippine Board of Investments (BOI) 🔵 Shigeo Kato: Co-Representative at Japan Climate Initiative 🔵 Stig Uffe Pedersen: Deputy Director General at Danish Energy Agency The speakers will dive into the challenges and opportunities for corporate renewable electricity procurement in the Asia-Pacific region, sharing insights from their expertise across different sectors. They will also discuss the need for streamlined and equitable permitting to accelerate the clean energy transition in the region. Join us and gain valuable knowledge from industry leaders driving change in corporate renewable energy sourcing. Register now: https://lnkd.in/dYN6iexj 🌏 ‘#Time4Action: Corporate Sourcing’ is co-hosted by GRA and the Global Wind Energy Council (GWEC) in connection to the APAC Wind Energy Summit, in partnership with Asia Clean Energy Coalition (ACEC), Sustainable Energy for All (SEforALL), Corporate Renewable Energy Foundation (CREF), Climate Group, and World Resources Institute. The event is set to create a platform for government representatives, corporate offtakers, and global energy leaders to collectively drive renewable power adoption and accelerate the #3xRenewables pledge in the Asia-Pacific region and worldwide. 🔁 Share this event update with your network!

🤝 𝗘𝗻𝗲𝗿𝗴𝘆 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿, 𝗺𝗲𝗲𝘁 𝘆𝗼𝘂𝗿 𝗺𝗮𝘁𝗰𝗵! Be where the action is, don’t miss out! Join us during the Global Wind Energy Council (GWEC)’s APAC Wind Energy Summit for the ‘#Time4Action: Corporate Sourcing’ B2B matchmaking and networking session. This is your chance to: ✅ Connect with leading corporate energy buyers ✅ Share insights and explore new opportunities ✅ Corporate PPA Journey: From Sourcing to Implementation ✅ Position your business at the forefront of renewable energy sourcing 📅 26th of November 2024, 16:30-18:00 (KST) 📍 Songdo Convensia, Incheon, South Korea 🔗 Registration is open, sign up now: https://lnkd.in/gQcKxCHp Some confirmed high-level buyers include: Samsung Electronics, SAMSUNG SDS, Samsung SDI, SK hynix, Google, Schneider Electric, Apple, BASF, Hyundai Motor Company (현대자동차), Hyundai GLOVIS Europe, LG Electronics, LG Display, LG Energy Solution, LG Uplus, LG Innotek, Hon Hai Technology Group (Foxconn), L’OCCITANE Group, Amazon, Lotte Chilsung. 🌏 GRA’s flagship corporate sourcing event in South Korea, co-organised with Asia Clean Energy Coalition (ACEC), Sustainable Energy for All (SEforALL), Corporate Renewable Energy Foundation (CREF), Climate Group, and World Resources Institute, will reunite key stakeholders of the energy industry from the Asia-Pacific region and beyond. On top of groundbreaking high-level discussions, the forum will host a unique networking session, bringing together #EnergySuppliers and #EnergyBuyers to accelerate cooperation and project development. Clean Energy Buyers Association (CEBA) | EnergyTag | SEMI