Global Renewables Alliance

⭕ NEW:  The first-ever Global Renewables Summit to drive action on global #3xRenewables target has been announced by a powerful cross-sectoral coalition In September, the Global Renewables Alliance (GRA) and Bloomberg Philanthropies, in partnership with the Government of Barbados and Kenya, the European Commission, the COP28 UAE and COP29 Azerbaijan Presidencies, the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), Sustainable Energy for All (SEforALL), and the Center on Global Energy Policy, will host the Global Renewables Summit in New York #GRS24. GRS24 will be the first-ever public-private summit where leaders from industry, government, intergovernmental organisations, NGOs, philanthropy, and COP presidencies convene to discuss the progress, opportunities, and challenges of tripling renewable energy globally by 2030, aiming to accelerate the clean energy transition. Held in New York during the 79th UN General Assembly High-Level Week in September, GRS24 is set to be the firing gun of a race to the top on the global achievement of the #3xRenewables target. “At COP28, a coalition of private sector, civil society, governments, and multilateral organisations collectively secured a global target to triple renewables by 2030. Now, it’s time for action,” said Bruce Douglas, CEO of GRA. “Renewable technologies are mature and competitive, and the industries are ready to deliver, but the right policy frameworks and implementation are now urgently required. We are honoured to co-host this unique public-private summit with some of the leading organisations in the world to ignite a worldwide race to the top, accelerating action on finance, permits, grids, and supply chains to unleash the full potential of renewables.” ▶️ For updates, follow the Global Renewables Alliance Find out more about #GRS24: https://lnkd.in/dg8QJf-R 🌎 The Global Renewable Summit 2024 Organisers Global Renewables Alliance and Bloomberg Philanthropies Partners The Government of Barbados, Kenya, the European Commission, COP28 UAE, COP29 Azerbaijan, the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), Sustainable Energy for All (SEforALL), and the Center on Global Energy Policy, GRA Founding Members Global Wind Energy Council (GWEC), Global Solar Council (GSC), International Hydropower Association (IHA), Long Duration Energy Storage Council (LDES Council), International Geothermal Association and Green Hydrogen Organisation - GH2.

📢 Corio Generation takes action to achieve the global #3xRenewabels target Corio Generation is a specialist offshore wind developer dedicated to harnessing renewable energy. They help countries transform their economies with clean, green, and reliable offshore wind energy. With a project pipeline of around 30 GW, Corio works in established and emerging markets, with next-generation fixed-bottom and floating wind technologies, their projects support local economies while meeting the energy needs of communities and corporate offtakers sustainably, reliably, safely, and responsibly. Corio Generation has now joined GRA’s #Time4Action campaign to accelerate action on the global target to triple renewable energy capacity by 2030. “Decisive action is required to meet the greatest challenge of our times. That's why we are proud to support the Global Renewables Alliance and its Time4Action campaign to triple renewable energy by 2030,” said Jonathan Cole, CEO of Corio Generation and Chair of the Global Wind Energy Council (GWEC). “If we are to remove barriers to clean energy deployment, we need to move swiftly to de-risk project development, streamline permitting, prioritise grid infrastructure investment,foster a sustainable supply chain and mobilise public and private finance.” “By taking swift action on these priority areas now we can keep the energy transition on track and make a real difference to the future of our planet.” Learn more about #3xRenewables and GRA’s #Time4Action campaign: https://lnkd.in/dbvUU6BC 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 | Bruce Douglas

We are proud to be a supporter of #DiiLeadershipSummit24 and for our CEO, Bruce Douglas, to be speaking at this year's Summit! Taking place on 15-16 October at the Palais Liechtenstein, Garden Palace in Vienna, Austria, the Dii Summit will convene a global dialogue among industry leaders and experts from the Arab world and Europe to unveil industry trends and innovations to scale up green electrons and molecules projects. By leading collective efforts and gathering the ‘doers of the projects’ aligned with #SDGs, the Dii summit aims to drive the urgent shift for increased energy security, reduced costs, local value creation and resilient economies. ❓ What: 14th Dii Desert Energy Leadership Summit 📍 Where: Palais Liechtenstein, Garden Palace, Vienna, Austria 📅 When: 15-16 October 2024 To celebrate their first early confirmed speakers - Dii are offering an early-bird 20% discount for all bookings before 18th July - find out more about the summit: https://utm.guru/ug5lp Dii Desert Energy / Desertec3.0 | 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

⚡How can the energy industry achieve climate neutrality as quickly as possible? What challenges do utilities face, and how can they overcome them? 🎥 Watch the video recording of Eurelectric's opening session of #TheSmarterE conference for insights and inspiration from industry leaders! 𝗦𝗽𝗲𝗮𝗸𝗲𝗿𝘀: Markus Elsaesser, CEO, Solar Promotion GmbH Miguel Stilwell d'Andrade, CEO, EDP Marcus Fendt, Managing Director / CSO, The Mobility House Franz-Josef Feilmeier, CEO, FENECON Katharina Luise Eickelberg, Senior Vice President Global Communication & Sustainability, SMA Solar Technology AG Bruce Douglas, CEO, Global Renewables Alliance Zackes Brustik, Moderator

GRA's Vice-Chair Sonia Dunlop joined stakeholders at the United Nations High Level Political Forum on Sustainable Development to accelerate action on the global #3xRenewables target. See more ⤵

📣 EU action needed: It’s time to recognise EV battery manufacturers' PPAs   GRA, alongside corporate renewable energy buyers, producers, and energy transition leaders, is calling for urgent action from the EU. The Draft Delegated Act on the EV battery carbon footprint methodology risks hampering Europe's growing power purchase agreement (PPA) market – a key decarbonisation tool for corporations.   We call the European Commission and Member States to:   ✅ Recognise PPAs in the EV battery carbon footprint methodology. ✅ Continue incentivising EV battery supply chain to decarbonise their electricity supply by combining PPAs and Guarantees of Origin (GOs). ✅ Don’t create parallel carbon accounting methodologies and risk double-counting.   Read the full joint letter and join us in urging the EU to act ⏭️ https://lnkd.in/egR6RWNn RE-Source Platform GRA is the uniting renewable industry voice on the global arena. See more about our work on tripling renewables by 2030: https://lnkd.in/dbvUU6BC 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 | Bruce Douglas #3xRenewables #Time4Action #SupportPPAs #Sustainability #EU #EVBatteries

📢 Copenhagen Infrastructure Partners is taking action to achieve the global #3xRenewabels target CIP is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in #OffshoreWind. Managing eleven funds, CIP has raised over €25 billion for investments in energy and associated infrastructure from more than 150 international institutional investors. All of CIP’s funds seek to invest in renewable energy infrastructure projects which can assist in transitioning the global economy into a net-zero emissions scenario by 2050. Its market-leading portfolio of green energy projects totals around 120 GW, and its aim is set on raising €100 billion by 2030 in green energy investments. Now, CIP has joined GRA’s #Time4Action campaign to accelerate action on the global target to triple renewable energy capacity by 2030. “At COP28 in Dubai last year, world governments agreed on a tripling renewables target. Today, we send a strong message to policymakers: it is crucial to prioritise the global delivery of renewable energy, balancing long-term goals with short-term action. CIP welcomes the policy recommendations of the Global Renewables Alliance. It is time for Action,” said Michael Hannibal, partner at Copenhagen Infrastructure Partners. See GRA’s action agenda on #3xRenewables: https://lnkd.in/dMgHcBxm Learn more about the #Time4Action campaign:  https://lnkd.in/dbvUU6BC 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 | Bruce Douglas

📢 Fortescue accelerates action on the global #3xRenewabels target Fortescue, one of the sector’s leading players, has earned its reputation from success in establishing the building blocks for the global renewable energy value chain, developing breakthrough green technology for trucks, trains, planes, ships, electrolysers, solar, cables, wind, batteries, hydrogen fuel cells, and the digital industry, and having pledged $1.1bn in green energy projects last year. Now, the company has joined GRA’s #Time4Action campaign to drive progress on the global target to triple renewable energy by 2030. “Climate targets set in the next 12 months will be the last which can meaningfully alter the damaging emissions trajectory the world is on. By Baku, we want to see companies bringing updated transition plans that are properly aligned to 1.5 degrees, and we need to see countries significantly enhancing their ambition to meet the temperature goals of the #ParisAgreement,” said Mark Hutchinson, Energy CEO at Fortescue. “It is for that reason that Fortescue is resolutely committed to the Global Renewables Alliance and its goals in the lead up to COP29. We look forward to a year of practical action and to demonstrating how our zero-emissions solutions can promote a secure and prosperous world.” Learn more about #3xRenewables and GRA’s #Time4Action campaign:  https://lnkd.in/dbvUU6BC 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 | Bruce Douglas

📄Have you seen the latest guide on pumped storage hydropower? Today, GRA’s member International Hydropower Association (IHA), released the guide "Enabling new pumped storage hydropower: A guidance note for key decision makers to de-risk investments in pumped storage hydropower investments." With the world transitioning towards a low-carbon future, pumped storage hydropower (#PSH) is emerging as a critical technology for grid stability and renewable energy integration. PSH leads in long-duration energy storage globally, with hundreds of projects supporting energy systems and creating clean energy jobs. It is the most abundant, proven, and efficient form of energy storage and can support the global transition towards a sustainable energy future. “The failure to focus on long duration energy storage is the ignored crisis within the energy crisis. PSH can resolve this challenge on a huge scale and provide grid stability without fossil fuels. Policymakers must act now to meet net zero goals by 2050," said Malcolm Turnbull, president of IHA and former Prime Minister of Australia. Join the webinar on PSH today at 16:00 BST: https://lnkd.in/e_5NWhRd Explore the guidance note for derisking investments in PSH: www.hydropower.org/psh Learn more about #3xRenewables and the #Time4Action campaign: https://lnkd.in/dbvUU6BC GRA members International Hydropower Association (IHA) Eddie Rich | Long Duration Energy Storage Council (LDES Council) Julia Souder | Global Wind Energy Council (GWEC) Ben Backwell | Global Solar Council (GSC) Sonia Dunlop | Green Hydrogen Organisation - GH2 Jonas Moberg | International Geothermal Association Marit Brommer | Bruce Douglas #WithHydropower #PumpedStorage

💧Upcoming webinar to launch the new industry guide on de-risking pumped storage hydropower (PSH) investments By combining renewables with large-scale, long duration energy storage in the form of PSH, we can deliver a clean and just energy transition for all. GRA’s member, International Hydropower Association (IHA), and Bechtel Corporation set up a working group to discuss the key challenges facing the development of PSH projects and to develop a guidance note to enable investments in the sector. ▶ Welcome remarks from Malcolm Turnbull, IHA President and Former Prime Minister of Australia ▶ Chris McMonagle - Global Business Development Manager, Bechtel Corporation ▶ Helen Barbour-Bourne - Hydropower Sub Sector Market Lead and Technical Director – Engineering Geology, GHD ▶ Joaquín Jiménez Labadie - Global Head of Dams & Marine Works, ACCIONA ▶ Roddy Cormack - Senior Associate, Dentons ▶ Michael Morgenroth - Senior Principal, Hydropower & Dams - Canada, Stantec ▶ Olivier Tricca - Power Engineer, European Investment Bank (EIB) ▶ Daire Reilly - Director, Commercial, Brookfield Renewable ▶ Rebecca Ellis - Senior Energy Policy Manager, International Hydropower Association (IHA) Read more about this event: https://lnkd.in/e_5NWhRd Learn more about #3xRenewables and the #Time4Action campaign: https://lnkd.in/dbvUU6BC 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 | Bruce Douglas