Enel's Starace takes over as Eurelectric president

European electricity industry body Eurelectric has elected Francesco Starace, chief executive of Italy’s Enel and a strong advocate of renewables, as the new president of the association for the next two years.

“The energy sector is going through a radical transformation driven by disruptive technological innovations and the fight against climate change,” said Starace, who replaces EDP’s chief executive Antonio Mexia, who headed the association since 2015.

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“Electricity plays a key role in tackling the challenges of this energy transition by fostering the full integration of renewables, progressive electrification of the economy, and the deployment of digital technologies.

“My main objective as president of Eurelectric will be to work together with all the key actors of the industry in order to achieve these goals, thereby ensuring the competitiveness and sustainability of the power sector,” Starace added.

Starace stressed that Eurelectric will work closely with EU policymakers to ensure that the future policy framework spurs decarbonisation, electrification and innovation in order to achieve a successful energy transition.

He emphasised these goals are key for the future of the European electricity sector, which is expected to invest €1.8 trillion ($2trn) between 2010 and 2050 in the modernisation of the European power system in order to meet Europe’s decarbonisation commitments.

The Eurelectric board has also elected Alistair Phillips-Davies, chief executive of UK utility SSE, and Magnus Hall, chief executive of Sweden's Vattenfall, as vice presidents of the association who will share the responsibilities of the role.

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