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News & Analysis

  • New Horizons for the Solar Photovoltaic (PV) Power Market of Romania

    New Horizons for Solar Power Market Romania small

    /18th May 2020, RENEWABLE MARKET WATCHTM/ Romania had the cumulative installed capacity of 1,390 MW (1.39 GW) as of 1st January 2020, according to the recently published report Romania Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030. The photovoltaic development in Romania was started with small scale photovoltaic installations below 30 KW in 2006. In opposite to the rapid expansion of wind market in Romania, the photovoltaic power capacity remained relatively unchanged by the end of 2011. After that Romania was emerging market for photovoltaic energy investments amongst SEE countries by the end of 2014. The maturing photovoltaic markets in Germany, Spain, France, Czech Republic, Greece, Italy and Bulgaria allowed investors to look for new opportunities among South East European (SEE) nations and Romania was one of the best alternatives. Furthermore, Romania was one of the major destinations for the Chinese solar power plant investors in Central and Eastern Europe between 2012 and 2015. By the end of 2011, the country had approximately 3 MW installed capacity, by the end 2012 this capacity increased fourteen fold to approximately 42 MW, and with a more than thirty-fold explosive growth cumulative installed capacity reached 1,293 MW (1.29 GW) by the end of 2014. However, solar photovoltaic market growth in Romania between 2015 and 2019 was moderate with only 97 MW newly installed capacity in this period.

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  • Podvelezje Wind Farm Construction with 48 MW Capacity Started in Bosnia and Herzegovina

    Podvelezje Wind Farm Bosnia and Herzegovina small

    /17th May 2020, EPBiH, RENEWABLE MARKET WATCHTM/ In the Podveležje region of Bosnia and Herzegovina, works have begun in the beginning of this week on the construction of 15 wind turbines with the accompanying foundations of the "Podveležje 1" wind farm with 48MW power capacity, which officially opened the construction site, reported the Renewable Market Watch™. After the mobilization and establishment of container accommodation for the stay of the contractor's staff, drilling the ground for the placement of explosives, work began on the excavation of pits for the foundations of future wind turbines. The terrain for the future two foundations was blown up, and the works will continue with the planned dynamics in the coming weeks. In order to ensure safety during blasting, all legal measures have been taken beforehand. The contractor for the construction of the Wind Farm is the consortium between Croatian branch of Siemens Gamesa Renewable Energy Ltd. and Wind Power A/S from Denmark. On the construction of foundations and execution of blasting works, engaged as domestic companies HP Investing doo Mostar and Blasting doo Sarajevo. The wind farm "Podveležje" is financed by credit funds the German Development Bank - KfW and its own funds Elektroprivreda BiH.

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  • New Report is Published about the Europe Solar Power Market 2020 - 2030 with Trends, Investments, Analysis, COVID-19 Impact, Projections

    Europe Solar Photovoltaic Power Market Outlook 2020 2030 small

    /15th May 2020, RENEWABLE MARKET WATCHTM/ Solar energy is the fastest-growing and lowest cost source in the world. In Europe, solar capacity increased by 36 per cent to 8.5GW in 2018. However, 2019 was a huge success for the European solar PV market with a 104 per cent increase of newly installed solar PV capacity (16.7GW) compared to 2018 (8.5GW), according to the Europe Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030. Cumulative installed solar capacity in Europe reached 131.9GW by the end of 2019, which is 14 per cent increase compared to 115.2GW at the end of 2018. By the end of 2020 several member states in the European Union have to speed up to meet their 2020 renewable energy targets. Furthermore, Renewable Market Watch™ expects countries such as Spain, France, and Italy shall take their place at the GW-scale annual installation level. Most of the countries in Europe agree with the new 32% EU 2030 renewables target. The ‘Clean Energy for all Europeans’ package gives the solar sector a solid policy framework that paves the way for much more versatile, low-cost solar investments in Europe. The European Green Deal is the new roadmap for making the EU's economy sustainable. This will happen by turning climate and environmental challenges into opportunities across all policy areas and making the transition just and inclusive for all.

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  • COVID-19 Impact on the Global Renewable Energy Market Report 2020 - 2025 - Scenarios, Trends, Forecasts

    COVID 19 Impact Global Renewable Energy Market 2020 2025 small

    /21st April 2020, MARTIN LEE WILSON, RENEWABLE MARKET WATCHTM/ This is the very first objective and in-depth report, which analyzes COVID-19 (Coronavirus) impact on the global renewable energy market by 2025 with scenarios, trends and forecasts. Through extensive research and discussions with experts in the industry, the Renewable Market Watch™ has identified a series of the established and new emergency market situations that will impact renewable energy equipment supply chain, procurement, investment volume and renewable power capacity additions by 2025 worldwide. Renewable Market Watch™ has advanced proprietary own developed software and analytical tools, which are based on artificial intelligence (AI) and neural networks for prediction and risk analysis with focus to renewable energy and power market modelling. We have used these tools to create a new advanced econometric model of the global energy market by taking into consideration of the recent power, oil and gas price dynamics. Renewable power projects are particularly vulnerable, because China as one of the most affected companies is a significant producer of solar photovoltaic modules and wind turbines. Do you want to know how the global renewable energy market shall be affected by the COVID-19 (Coronavirus)?

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