News & Analysis

Kazakhstan New Auction System for Renewable Energy (Solar, Wind, Biomass, Hydro, Geothermal)

Valuation of renewable energy projects small

/24th August 2017, RENEWABLE MARKET WATCHTMKazakhstan will switch to the mechanism of auctions to develop renewable sources of energy from the beginning of 2018. At the end of 2016, total number of 44 countries of the world is successfully applying an auctions system instead of fixed feed-in tariff support systems. Some of the largest global energy companies will be involved in the development of renewable energy power plants in Kazakhstan. Among them are Aqua Power, Eni-Agip, General Electric, Shell, SANY Group, Hydro China and many others. Kazakhstan plans generating 50 percent of its electricity from renewable and alternative energy sources according to President Nazarbayev’s ambitious 2050 strategy. This strategy is a part of the country’s comprehensive initiative to transfer itself from one of the world’s major hydrocarbon energy producers to a model green economy.

Read more ...

Russia Creates State-backed Wind Energy Investment Fund with €1.4 Billion Target Amount

kazakhstan wind turbines small

/17th July 2017, RENEWABLE MARKET WATCHTM, RAWI, RIA/ Russian Association of the Wind Power Industry (RAWI) and Russian Investment Agency “Invest in Russia” (RIA) signed an agreement on the creation of the “Wind Energy Fund” with a target amount of funds of 100 billion RUB (€ 1.4 billion). The main goal is to invest in the creation of wind power. The term of the fund is set at 15 years with the possibility of prolongation, the investment period is not more than 7 years, the target rate of return on projects is at the level of 15%. The main feature of creating an investment fund is the use of the mechanism of state guarantees of return of funds. According to Russia Wind Power Market Outlook 2016 - 2025 the country has abundant oil, gas and coal productive capacity backed up by enormous reserves, but it also has the potential to be a giant in the area of renewable energy.

Read more ...

Kazakhstan Renewable Power Market and World Expo 2017 - Future Energy

Expo 2017 small

/30th June 2017, RENEWABLE MARKET WATCHTM/ Specialized Expo 2017 was officially opened on 10 June in Astana, the capital of the Republic of Kazakhstan. The Expo, which is taking place on a site covering 25 hectares, will be open to the public until 10 September 2017. Kazakhstan was elected by BIE Member States as the host of Expo 2017 during the General Assembly of 22 November 2012, and Expo 2017 Astana was formally recognized by the General Assembly on 11 June 2014. Expo 2017 is being organized under the theme Future Energy. This, along with the three subthemes – Reducing CO2 Emissions, Living Energy Efficiency, and Energy for All – allow the Expo to present the state of energy today and to showcase sustainable solutions and innovative technologies. Expo 2017 organizers expect over 5 million visits during the 93 days that it is open.

Read more ...

A Paradigm Shift for Low and Medium Voltage Grids Regarding Variable Renewable Energy Generation

Turkey Solar 1 Small

/31st May 2017, IEA/ The greater uptake of distributed VRE shifts the historic balance of supply and demand in the electricity network, and calls for a revision of the institutional arrangements guiding low- and medium-voltage grids. The rise of distributed generation assets – dominated by the rapid uptake of solar PV – translates into growing complexity of power flows within the distribution grid. This provokes the need for innovative approaches to the planning and operation of low- and medium-voltage grids, with technical, economic and institutional implications. On the technical side, more dynamic and bi-directional flows of electricity (from lower to higher voltage levels and vice versa) require reinforced monitoring and control capabilities as well as upgrades to infrastructure. Moreover, planning standards need upgrading to manage the uptake of large shares of distributed resources. In this context, next-generation VRE technology – such as advanced inverters – can offer technical capabilities to support and sustain safe and reliable operations in local power grids, while also reducing energy losses in the overall power system.

Read more ...

Global Trends in Renewable Energy Investment in 2017

Wind turbines by serdarguler2 small

/18th April 2017, FS UNEP, BNEF) According to recent report of FS UNEP and BNEF In 2016, the advance of renewable energy slowed in one respect, and speeded up in another. Investment in renewables excluding large hydro fell by 23% to $241.6 billion, but the amount of new capacity installed increased from 127.5GW in 2015 to a record 138.5GW in 2016. Together, the new renewable sources of wind, solar, biomass and waste, geothermal, small hydro and marine accounted for 55.3% of all the gigawatts of new power generation added worldwide last year. More solar gigawatts were added (75GW) than of any other technology for the first time. A major reason why installations increased even though dollars invested fell was a sharp reduction in capital costs for solar photovoltaics, onshore and offshore wind. On a less positive note, there were clear signs as 2016 went on of slowing activity in two key markets, China and Japan.

Read more ...

Moree Solar Farm 70 MWp Inaugurated in Australia

VC in CEE and SEE small

/13th March 2017, RENEWABLE MARKET WATCHTM, Ingeteam) One of the largest PV plants in Australia has been now inaugurated, namely the Moree Solar Farm, with a rated power of 56 MWac (70 MWp). This project has been the first utility-scale solar plant in the country to be equipped with a system that allows the PV panels to follow the path of the sun, from east to west. Moree Solar Farm uses a single-axis horizontal tracker that maximises the power output, making it possible to supply approximately 145 GWh of energy annually to around 24,000 Australian households. The plant’s output is connected to Essential Energy’s distribution network, allowing the solar farm to supply electricity into the grid and trade in the National Market. Although the power plant has been up and running for nearly one year, it had not celebrated its opening ceremony until now. The inauguration took place on Friday, 3rd March 2017 and brought together the main representatives of the companies and institutions involved in the project. Ben Franklin, Parliamentary Secretary for Renewable Energy, and Amy Kean, Renewable Energy Advocate, attended as the main representatives of New South Wales’ government.

Read more ...

Important Fields for Next Generation Solar and Wind Power

Asia Solar Market small

/10th January 2017, IEA/ Wind and solar photovoltaics (PV) are currently the fastest-growing sources of electricity globally reveals IEA in their report Next Generation Wind and Solar Power - From cost to value. A “next-generation” phase of deployment is emerging, in which wind and solar PV are technologically mature and economically affordable. The success of variable renewable energy (VRE) is driving change in power systems around the globe. Electricity generation from both technologies is constrained by the varying availability of wind and sunshine, which causes fluctuations in the electricity output of VRE sources over time. As a result, changes to the way electricity generation and consumption are balanced may be required. The degree to which this poses a challenge depends on the interplay of several factors that vary by country.

Read more ...

Season's Greetings for 2017 from Renewable Market Watch

Seasons Greeting 2017 Renewable Market Watch small

/23rd December 2016, RENEWABLE MARKET WATCHTM/ The global renewable energy market experienced significant developments during 2016. Renewables are expected to cover more than 60% of the increase in world electricity generation over the medium term, rapidly closing the gap with coal. Generation from renewables is expected to exceed 7,600 TWh by 2021 -- equivalent to the total electricity generation of the United States and the European Union put together today. The team of Renewable Market Watch made great efforts to give you access to exclusive information you will not be able to find elsewhere. We promise to continue in 2017 and the next years to serve you as the best source of information regarding news, analyses, reports and other industry insights about emerging renewable energy markets. To see our greeting card just press ...

Read more ...

Europe Net Metering and Self-Consumption Solar PV Market Outlook 2016 - 2025

Europe Net Metering small

/30rd November 2016, RENEWABLE MARKET WATCHTM/ Distributed  solar  power,  which  has  been the  backbone  for  the  bulk  of  the  solar PV sector’s  growth  in  Europe,  is  moving towards self‑consumption and net metering according to recently published report Europe Net Metering and Self-Consumption Solar PV Market Outlook 2016 - 2025. In February 2015, the European Commission published its new Energy Union strategy depicting a vision in which “citizens take ownership of the energy transition, benefit from new technologies to reduce their bills, participate actively in the market”. Besides a greater consumers’ involvement, the energy transition will require much more renewables. This paradigm shift has already started: In 2014 and for the first time, renewables produced more power than nuclear in Europe. And this trend will continue: according to the European Commission’s forecasts, renewables will cover around 45% of our electricity demand by 2030 and their share is expected to grow to 60% ÷ 97% by 2050. This represents a major opportunity to establish a clean, secure and resilient energy system on which European economy can grow.

Read more ...

Drones (UAVs) to Take Off in Energy Efficiency Audits of Buildings and Houses

Drones in Energy Audits small

/28th October 2016, RENEWABLE MARKET WATCHTM/  The building sector accounts for more than 41% of primary energy consumption in the US in 2015, contributing an increasing portion of the country’s carbon dioxide emissions reveals Renewable Market Watch™ in its report Drones in Building and Construction Inspection Global Market Outlook 2016÷2025. If energy efficiency rules and eco-design product standards were harmonised across the globe, the savings in energy and greenhouse gas emissions would be enormous, a new study has found. Up to 7,600 TWh of electricity would be saved by 2030 – a 13% reduction on the business as usual scenario. Global energy efficiency and eco-design measures could save the equivalent to almost double the annual electricity consumption of the United States making an estimated €280 - €410 billion in savings on energy spending, the study carried out for the European Commission says. At the same time, 4,450 Mt of carbon emissions would be avoided – equal to an estimated 7% of emissions in 2030. This would be the equivalent to the emissions of 1,170 coal-fired power stations, or more than the entire carbon emissions of the EU in 2012.

Read more ...