IRENA Partners With ENGIE for Terrawatt Initiative

by Woodson Powell

The International Renewable Energy Agency (IRENA) has partnered with French multinational electric utility company ENGIE (formally known as GDF Suez) to increase solar power production. In December of 2015, ENGIE CEO Gérard Mestrallet announced the Terrawatt Initiative which calls for one terawatt of additional solar photovoltaic capacity to be installed by 2030, and includes an additional $1 trillion of investment for solar power infrastructures []. Since then, IRENA Director-General Adnan Amin has met with Deputy CEO and COO of ENGIE and first Chairman of the private sector Terrawatt Initiative, Isabelle Kocher, to assist in ENGIE’s efforts. Possible areas of future cooperation include reducing the cost of technology for solar generation assets, supporting industrial capacities via implementation of appropriate regulatory frameworks and risk mitigation instruments, and developing a systemic approach for the integration of renewables, paving the way for later solar energy storage and technology solutions that meet each country’s specific needs []. Continue reading