EREC report Hat-trick 2030

Renewable Energy and the Future of Energy

The development of renewable energy sources is crucial for the future of the global energy market, both in emerging and developed countries, says Enel Green Power CEO Francesco Starace.

‘We are seeing a constant reduction of costs in renewable energy thanks to technology, which is improving the performance of equipment and production costs,’ said Enel Green Power CEO Francesco Starace in an interview with Enel TV at the Accenture EALA leadership Meeting, which took place on 10 April. ‘Wind and solar energy costs are falling at a fast pace, meaning that they are becoming increasingly competitive in many markets.’

‘It is a continuously evolving market that has specific traits’, he explained, adding that ‘there are two areas can: emerging economies, where renewable energy is growing because electricity demand in general is growing, so that they fill the gap between demand and supply; and another area of developed economies like Europe and North America, where renewable energy is growing because companies can use it to replace the thermal power capacity that they have decided not to use anymore. In both cases there