According to IRENA’s latest Global Renewables Outlook 2020, around 65% of total final energy use will be satisfied by renewables in 2050, which will also account for approximately 86% of electricity generation. This includes  60% of electricity to be supplied by solar photovoltaics and wind.

IRENA’s work on Power Sector Transformation is targeted at assistsing Member Countries in identifying solutions to accelerate the transformation of the power system to one dominated by renewable energy, while at the same time electrifying end-use sectors to achieve deep decarbonisation. The keyword for this work is flexibility – in the form of more flexible operations, more flexible generation, stronger grids, more energy storage, demand response, hydrogen from renewable power, heat pumps and faster uptake of electromobility. This works includes knowledge products that provide advice on how best to leverage flexibility across the energy sector. They aim to further accelerate the deployment of renewable energy in the power sector, applying this knowledge alongside Member Countries at the national and regional levels. Also, it supports REmap in performing power system flexibility assessments for specific projects and works with the innovation workstreams on modelling innovative solutions for power sector transformation.