IRENA’s International Off-grid Renewable Energy Conference (IOREC) held virtually for the first time, gathers global stakeholders to mobilise investments.
Organised by the International Renewable Energy Agency (IRENA), the fifth edition of the International Off-grid Renewable Energy Conference (IOREC) will take place virtually next week from 7th to 9th December 2021.
Earlier this month, durign the COP26, UAE and IRENA launched a 1 billion Global US Dollar platform – Energy Transition Accelerator Financing (ETAF) – aiming to accelerate renewable energy and to finance 1.5 GW of new renewable energy power in developing countries by 2030.
IOREC conference will shed light on the urgency to accelerate electrification efforts underscoring the specific opportunity off-grid renewable energy solutions offer in achieving universal access to energy, the 2030 agenda for Sustainable Development and climate goals during this critical decade of action.
While the number of people without access to electricity declined from 1.2 billion in 2010 to 759 million in 2019, under current plans and policies 660 million people will still live without access to energy in 2030. According to IRENA’s World Energy Transitions Outlook report, off-grid renewables still represent only one percent of the overall finance for projects to expand energy access, despite growth in annual financing commitments from US$6 million in 2008 to around US$460 million in 2019.
Policies for and investments in off-grid renewable energy are seen as central to a just and inclusive energy transition that supports the achievement of both socioeconomic and global climate ambitions.
“Off-grid renewables are a fundamental component of the energy transition and a pillar of sustainable development. Global efforts to tackle the effects of the COVID-19 pandemic have served as an unsettling example of the consequences of an energy system defined by inequities and centralised models of generation. The next period of global development will be based on an energy system that is fundamentally different. Off-grid renewable technologies are at the leading edge of this shift.
There is undoubtedly strong momentum for the transition but to move fast enough we need collective and coordinated actions by public and private sectors to mobilise investments and scale up the deployment. IOREC will take place against this backdrop.”Francesco La Camera, Director-General of IRENA
Since its first edition in Accra, Ghana, 2012, IOREC has become a global platform for knowledge sharing on enabling policies, tailored financing, innovation in business models and technology, as well as on the socio-economic benefits of off-grid renewables.
The biannual conference will promote the deployment of off-grid systems at a global level, highlighting their role in improving and providing essential services in education and the agri-food & water sector. Additionally, as a follow-up to the first International Conference on Renewable Energy Solutions for Healthcare Facilities held in 2018 and in the context of the ongoing global pandemic, the upcoming edition will host a session on the crucial role of off-grid renewables in the provision of healthcare.
To encourage collaborative action, a virtual networking will be organised in parallel by IOREC’s industry partner, the Alliance for Rural Electrification (ARE). The virtual networking will provide participants with an opportunity to connect and set up meetings with potential business partners, public and private investors, and policymakers attending the event.
Registrations can be done here.