About the lead authors
Anish De
Global Head of Energy, Natural Resources & Chemicals
KPMG International
Anish is an acclaimed energy sector expert and advisor with more than 25 years of experience in energy reform, capital markets, and policy and regulation. Anish’s work focuses on the energy transition, climate change, and renewables, particularly as they relate to sector reform and restructuring, designing policy and regulatory frameworks, and smart grid and digital solutions.
In his role as Global Head of Energy, Natural Resources and Chemicals, he is responsible for KPMG sector strategy, growth and market-leading solutions on energy and decarbonization on a global scale. He collaborates closely with organizations, multilateral development banks, and international energy agencies on energy and climate priorities.
His recently published work on behalf of KPMG focuses on the energy industry’s role in the fight against climate change and the need for growth and innovation that is sustainable. He is a member of the KPMG Global Climate Change & Decarbonization Center.
Mike Hayes Climate Change and Decarbonization Leader, Global Head of Renewable Energy, KPMG International
Mike has been involved in the KPMG climate change and decarbonization work for over two decades. In his role as partner and Global Head of Renewable Energy, he oversees KPMG firms’ business on renewables strategy, renewables M&A and corporate PPAs. In his role as the global head of climate change and decarbonization, Mike is a trusted advisor for corporate clients on setting and achieving ambitious net-zero goals and helping clients address climate challenges, risks and opportunities. He is also actively involved in the climate finance agenda.
Mike is passionate about taking action to solve the climate crisis, particularly by accelerating the pace of innovation, scaling renewable energy deployment, and attracting increased capital to projects in developing markets.
His recently published work on behalf of KPMG focuses on sourcing renewable energy through PPAs to speed companies’ decarbonization plans and the importance of prioritizing a just and equitable energy transition.
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Franceli Jodas
Global Leader, Power & Utilities KPMG International
Franceli Jodas is a seasoned energy professional who is passionate about energy transition.
As the Global Head of Power and Utilities, she is responsible for coordinating the P&U Communities toward understanding the global challenges and trends, promoting the exchange of best practices among countries and developing global solutions according to market demand.
At KPMG in Brazil, she works directly on projects focused on the Power and Utilities Industry, such as corporate governance implementation, major project advisory for wind agents, strategy innovation, and development of solutions focused on improving performance. She is also responsible for the institutional relationship with energy-sector regulators and associations.
Being one of the leaders of the KPMG Inclusion and Diversity Committee in Brazil, Franceli is recognized as an important market voice in the debate on I&D.
Simon Virley CB FEI
Vice Chair and UK Head of Energy, KPMG in the UK
Simon Virley CB FEI is Vice Chair and Head of Energy and Natural Resources for the KPMG UK firm. He has been advising on energy and climate issues for over 30 years.
He led the work on scaling renewables in the UK as Director General for Energy in the UK Government between 2008-15, which has resulted in the share of electricity coming from renewables in the GB market rising from 5 percent in 2007 to over 40 percent today. Since joining KPMG, he has advised leading renewable and energy companies on the Energy Transition. The Queen awarded him a CB in 2014 for his work on energy and climate change issues. He is a Fellow of the Energy Institute (FEI) and on the Markets Advisory Council of the Electricity System Operator (ESO).
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Introduction
Achieving the ambition of the Paris Agreement depends on dramatically and rapidly scaling the deployment of renewable energy. In a report about credible pathways to achieving this goal released in 2023, the International Energy Agency (IEA) concluded that renewable energy capacity additions must triple from 2022 levels by 2030.1 In short, that means installing over 1,200 gigawatts annually by the end of the decade. To put that number in context, consider that the total electricity generation capacity in the United States (US) from all fuel types at the end of 2022 was 1,200 gigawatts. 2 The focus on enhancing renewable capacity is pivotal, not only for meeting climate targets but also for complementing the existing energy mix, where traditional energy sources continue to play a significant role in ensuring stability and reliability in energy supply.
1 International Energy Agency (IEA), “Credible pathways to 1.5 C: Four pillars for action in the 2020s,” 2023
2 US Energy Information Administration (EIA), “Electricity explained: Electricity generation, capacity, and sales in the United States,” 2023
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