Anja van Niersen

Grid limitations are holding back a renewables breakthrough, shows our latest #GSR2024 report. 🏅 Renewables had a record-breaking year in 2023, accounting for 30% of global electricity, with solar and wind energy making up 13%. BUT there’s still a long way to go. 💰 Global grid investment reached USD 310 billion in 2023—a 5% rise—but remains only half of the annual amount needed. 🤷‍♂️ By the end of 2022, 1.5 TW of renewable power projects (at advanced stages of development or under review) were delayed due to grid connection issues. 👉 The bottom line is - while expanding renewable energy generation is crucial, alone, it is not enough to transition to a fully renewable energy system. To enable the energy transition – we need to pay more attention to the systems and infrastructure needed for renewables uptake ✅ This means including transmission and distribution infrastructure, storage, flexibility solutions, and all end-use sectors in energy planning. Read the Renewables in Energy Systems and Infrastructure module of the 2024 Renewables Global Status report here: https://lnkd.in/eb8CSP_N #RenewablesNow #ChooseRenewables #REbootTheWorld

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Statkraft Secures #PPA to Supply Finland's Wihuri Group with #RenewableEnergy. Norway’s Statkraft A/S on Wednesday announced that it has signed a ten-year power purchase agreement (#PPA) to supply renewable energy to Finnish diversified conglomerate Wihuri Group. Over those ten years, the Norwegian state-owned power company will supply a total of 438 GWh of #cleanelectricity for Wihuri’s operations. Guarantees of origin will certify that the contracted power comes from renewable sources. The delivery is structured as a long-term baseload PPA, which provides Wihuri with both predictability and price stability, Statkraft said. The company is due to begin the supply in January #2027. #RenewableEnergy #Energy #GreenEnergy #Finland #Norway #Europe #CleanEnergy https://lnkd.in/gtqwfZp3

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“Gas has a clear role to play in supporting the #power sector’s #decarbonisation efforts by balancing the #renewable intermittency, curtailment and redispatch when the #grid is overloaded, and providing grid resilience.” GE Vernova’s Executive Director of the #EnergyTransition Craig Jones, and CEO at GE Energy Financial Services Nomi Ahmad, have weighed in on the importance of clear policies to ensure clarity on gas #technology so it is compatible with the energy transition. To #decarbonise #Europe’s #energy systems, clarity and a strong political framework is needed to incentivise investment needed to to support #GreenEnergy projects that include technologies crucial for the transition like #CCUS. #GEVernova is committed to support countries reach global #NetZero targets, by leading the way in deploying #technology, #innovation, and investment that will reduce emissions. Read more on our recommendations to enable a successful energy transition. 👉 https://lnkd.in/eaKZQdcS #FutureOfEnergy #Decarbonization #Electrification

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