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Important Fields for Next Generation Solar and Wind Power

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/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.

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Season's Greetings for 2017 from Renewable Market Watch

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/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 ...

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

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/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.

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

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/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.

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Is the Belarus Solar PV Market Ready to Take Off?

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/14th September 2016, RENEWABLE MARKET WATCHTM/ The main priority of energy policy and strategy of Belarus according to Belarus Photovoltaic Market: Outlook 2016 ÷ 2025 released by the RENEWABLE MARKET WATCHTM, is to reduce dependence on energy imports and improving the financial stability of the sector. For this reason renewable energy and energy efficiency have been selected as priority sectors  to implement the well balanced sustainable energy policy of the country. On 1st March 2016, the government approved the “Comprehensive Development Plan for the Electricity Sector to 2025 and Beyond”, allowing the necessary changes in the regulatory and technical framework. The plan also includes allowances for network rehabilitation and development, as well as tariff subsidy phase out. On 6th April 2016, a new “Energy Efficiency and Energy Savings Plan for 2016-2020” came into force.

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Solar PV Market Review 2016 - 2017 for Central Eastern and South Eastern Europe (Free Delivered Report)

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/9th September 2016, RENEWABLE MARKET WATCHTM/ CEE and SEE countries are promising target destination for solar PV investments in Europe. We have to point out this region has been one of the fastest growing photovoltaic markets in Europe with cumulative solar PV installed capacity of 9.1 GW for 2015 at a Compound Annual Growth Rate (CAGR) of 27.9 % from 2010 to 2015, and with an expected cumulative solar PV installed capacity to exceed 26.9 GW by the end of 2025 according to CEE and SEE Countries Solar PV Market Review 2016 - 2017. All of the Central Eastern and South Eastern European countries have renewable energy capacity targets, assisting their goals to increase share of power generation from renewable energy sources, including solar PV energy. In EU member countries these targets are set by European Commission (EC), whilst in non-EU member countries RES targets are set in the national energy strategies or national renewable energy action plans.

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Drones (UAVs) in Building and Construction Inspection to Generate 5.89 Billion USD Revenue by 2025

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/7th September 2016, RENEWABLE MARKET WATCHTM/  Today, commercial, residential, and industrial buildings account for almost 50 % percent of global greenhouse gas emissions and 47 % of the world’s energy consumption. The global building stock of 153.1 billion square meters in 2015 need regular inspection and facility maintenance calculated from the research department of Renewable Market Watch™. Use of drones (UAVs) in building inspections and energy audits represent significant area for support of energy efficiency technologies that could help achieve reductions in energy consumption and carbon emissions. An additional 2.5 billion people are predicted to live in urban areas by 2050 according to the United Nations estimation, which means further increase of building stock in next decade and beyond. Drones (UAVs) could perform inspection work of buildings and construction processes quicker, safer and more cost effectively than traditional methods reveals Renewable Market Watch™ in its recently published report Drones in Building and Construction Inspection Global Market Outlook 2016÷2025. With drones (UAVS) will easier to provide emergency response and inspect damaged roofs, collapsed buildings, and other difficult to reach places. This could prove especially valuable after severe storms, when technicians are often unable to assess damaged structures or evaluate claims.

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Largest Solar PV Power Plant in Belarus with 22 MWp capacity has been commissioned

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/25th August 2016, RENEWABLE MARKET WATCHTM/ Belarusian mobile operator Velcom informed about the opening of the largest solar PV power plant in the country till the moment. It is located Bragin in the southern part of Belarus. This solar PV power plant has 22 MWp capacity and covers an area of more than 41 ha and with 85,000 solar PV modules delivered by Chinese solar manufacturer Risen Energy Co Ltd. This solar project represents very good example of how land contaminated by the Chernobyl accident can be used for generation of clean power. Approximately €24 million ($ 26.4 million) have been invested in the project. The main priority of energy policy and strategy in Belarus according to CIS Countries Photovoltaic Market: Outlook 2016÷2025 released by the RENEWABLE MARKET WATCHTM, is to provide a reliable and sustainable energy supply for the national economy, while reducing dependence on energy imports and improving the financial stability of the sector. Both renewable energy and energy efficiency have been identified as priorities to achieving these aims; however, most of the change in the energy sector will be due to a new planned nuclear power station, expected to become partially operational by 2020.

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Venture Capital Investments at Solar Market of Central and South Eastern Europe Increased with 17.3 percent

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/29th July 2016, RENEWABLE MARKET WATCHTMCEE and SEE countries are the interesting investment destination for solar PV technology among European countries. This region has become one of the fastest growing solar PV markets in Europe with cumulative PV installed capacity of 9.1 GW for 2015 at a Compound Annual Growth Rate (CAGR) of 27.9 % from 2010 to 2015, and with an expected cumulative PV installed capacity to exceed 26.9 GW by the end of 2025. Venture capital investments for the first half of 2016 scored 17.3 % increase compared to the same period of 2015 according to CEE and SEE Countries Photovoltaic (Solar PV) Market: Outlook 2016 – 2025.

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Asia Solar PV Market to Continue its Growth in 2016

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/21st June 2016, RENEWABLE MARKET WATCHTM/ Solar PV power is one of the fastest growing sources of energy in the world, as demand grows for energy security and independence, driving governments to develop reliable renewable power sources. Green laws have been implemented across Asia between 2008 and 2015 and can dramatically change the power and energy market sizes in this region according to Asia Photovoltaic Market: Outlook 2016÷2025 released by the RENEWABLE MARKET WATCHTM, global provider of cleantech research and analyses about emerging markets. Economic growth in Asia maintains a steady pace. Gross domestic product (GDP) in the region is forecast to expand by 5.3 % in 2016. Several Asian countries experience energy shortages and alternative energy sources are increasingly important to fulfill local energy demands. 

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