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.

Read more ...

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.

Read more ...

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.

Read more ...

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)?

Read more ...

Skills Improvement is Necessary for the Renewable Energy Sector of CIS States

Ukraine Solar 64 MW small

/11th March 2020, RENEWABLE MARKET WATCHTM/ The adoption of renewable power plants (especially solar and wind) in the Commonwealth of Independent States (CIS) will lead to significant reduction in the region’s carbon footprint while saving natural gas for future or other use. In the majority of the CIS states energy conservation is considered one of the main ways to ensure energy security. After the disintegration of the USSR the newly independent states found themselves facing severe challenges that had suddenly emerged in the energy sector and these challenges were related to providing a sustainable power supply. One of these challenges is the lack of skills for renewable energy industry in the CIS states.The interest of policy makers in anticipating future skill needs has grown in all countries. A better informed look into the future is viewed as an imperative of successful policies for more dynamic renewable energy markets and prosperous economies based on clean energy targets. Renewable Market Watch™ published the report Commonwealth of Independent States (CIS) Wind Power Market Outlook 2019÷2028. One of the main targets of this regional analysis is to identify impediments to the improvements that can be made in skills capacity development in CIS region. Furthermore, in this report an attempt is made to find ways to enhance the situation in general in order to mitigate risks related to the security of energy supplies in the CIS region.

Read more ...

Here's how Europe plans to be the first climate-neutral continent

Flag of Europe small

/7th February 2020, Sean Fleming, World Economic Forum/ By 2050, Europe wants to become the world’s first climate-neutral continent – that’s the key message in a series of goals and initiatives announced by the European Commission known as the European Green Deal. It aims to “transform the European Union into a fair and prosperous society, with a modern, resource-efficient and competitive economy,” the Commission says. Among its timeline of objectives, the Commission has called for a 50% increase to the EU 2030 climate target, which currently calls for a 40% cut in greenhouse gas emissions and an increase in the use of renewable energy. In 2019 Europe saw a fall of almost one-fifth in the generation of coal-fired electricity – described by the climate change think tank Sandbag as the Great Coal Collapse of 2019. Addressing climate change is not just an environmental priority. As outlined in the World Economic Forum’s Global Risks Report, economic and social stability are at significant risk of disruption from climate-related problems.

Read more ...

Photovoltaics 2020 Event in Greece on 20 February

Turkey Solar 1 Small

/3rd January 2020, RENEWABLE MARKET WATCHTM/ On Thursday 20 February 2020, HELAPCO (The Hellenic Association of Photovoltaic Companies) will organize the leading business and strategic event for the Greek solar energy market: Photovoltaic 2020. Once again, a diverse group of local and international developers, investors and other stakeholders will be gathering to explore the opportunities in the growing Greek solar photovoltaic (PV) market together. With its high quality, it provides an exceptional value for developers, investors, equipment manufacturers and stakeholders. The timing is now perfect for renewables industry market entrants who wish to play a role in this rapidly transforming market. The levelized cost of new solar PV energy in Greece is lower than the levelized cost of new lignite and gas‐fired power plants. This was unimaginable a few years ago. Greece has also a self‐consumption scheme (net‐‐metering) in place for residential and commercial solar photovoltaic power systems (up to 1 MWp). A new supppport scheme for renewable energygy, consistent with the Guidelines on State aid for environmental protection and energy 2014‐2020 (and based on competitive tenders and feed‐in‐premiums) was introduced in 2016. Prime Minister Kyriakos Mitsotakis’ pledge to phase out the country’s lignite-fired power fleet by 2028 has come as an energy policy earthquake and constituted ‘a decision of historic importance’. The Greek Energy Ministry announced that renewable energy should provide 35% of Greece’s final energy consumption in 2030, up from a 20% target next year. That ambition would require renewables to generate more than 65% of Greece’s electricity in 2030.

Read more ...

Kazakhstan Doubled its Renewable Energy Capacity in 2019 and has Ambitious Plans for 2020

Solar and Wind small

/17th December 2019, RENEWABLE MARKET WATCHTM/ The Republic of Kazakhstan lies in the centre of the Eurasian continent equally distant from the Atlantic and the Pacific Oceans. With its territory of 2,724,900 km² it is the ninth largest country in the world. In the west and the north, it shares borders with the Russian Federation, in the east with China, and in the south with the countries of Central Asia – Uzbekistan, Kyrgyzstan and Turkmenistan. The overall length of the national border is 12,200 km, with 600 km of them passing through the Caspian Sea. Kazakhstan has population of 18.55 million as of 1 June 2019. There are nearly 160 deposits of oil and gas in Kazakhstan, including Tengiz - one of the world’s biggest oil and gas deposits (20 trillion barrels of oil and 700 million tons of gas condensate). Kazakhstan has 160 million tons of coal reserves in 155 deposits. The country's iron ore resources (containing 50-60% of pure iron) are some of the best in the world. In the last twenty years Kazakhstan made considerable progress in implementing complex political, economic and social reforms to establish a politically stable market economy. Kazakhstan had undergone reforms in the areas of currency convertibility, inflation targeting, foreign investment policy, privatization of state enterprises, economic decentralization, de-monopolization and reallocation of resources.

Read more ...

Europe Corporate Renewable PPA Future Market Development, Trends and Opportunities

Europe Corporate PPA 2019 2028 small

/19th November 2019, RENEWABLE MARKET WATCHTM/ Worldwide, renewable energy generators are entering into power purchase agreements (PPAs) with corporations, due to the falling price of renewable power. Furthermore, electricity markets are changing and around the world electricity regulation is also changing to meet the requirements of the accelerating energy transition. Many government policies and regulations are moving in the direction of carbon emissions reduction, more liberalization, smart grids combined with greater flexibility and easier market access for end-users. The result is a combination of a stronger policy focus on environmental goals and reduced government control and supervision of national electricity markets. These trends have the potential to give consumers a greater role in electricity markets than ever before. Many government commitments in Europe to manage with climate change can be met with implementation of clean energy transition programs and with the support of corporate renewable PPA structures, reveals the recently published study ’Europe Corporate Renewable PPA Market Report 2019 ÷ 2028’. This study considers the whole array of options available to corporates looking to source renewable electricity in Europe. Despite less developed corporate renewable PPAs market in Europe compared to the USA, the Renewable Market Watch™ predicts an increased support and acceptance of the corporate renewable PPA model in European countries in the next decade..

Read more ...

Serbia Plans to Implement Auctions for Development of Renewable Energy Projects

Uzbekistan Solar Market small

/12th November 2019, RENEWABLE MARKET WATCHTM/ The first wind and solar auctions are expected in Serbia in 2020. The projects that have already been started under a feed-in tariff mechanism will be completed under the existing regulations. According to the proposed amendments, incentive measures for privileged power producers would be given in the form of a premium, calculated as the difference between the price, with which the renewable energy producer has won the auction, and the market price of electricity. Furthermore, net metering for renewable energy is currently under consideration by Ministry of Mining and Energy of Serbia. The country aims to cover 27% of its electricity demand with renewables by 2020, up from a target of 21.2% previously. Government plans assumed Serbia to add 1,092MW of installed renewable energy capacity by 2020, however at the end of 2018 if we exclude hydropower (most of which is large scale) the total cumulative installed renewable capacity in Serbia is only 399MW, according to calculations of the research deparment of Renewable Market Watch™. The biggest renerwable energy progress in the country between 2015 and 2018 was due to the wind energy projects.

Read more ...

Live Chat