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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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Drones and Robotics in Utility Power Grid Inspection to Generate 9.6 billion USD Revenue by 2025

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/10th May 2016, RENEWABLE MARKET WATCHTM/  Over the next decade, power networks in emerging countries will expand rapidly to serve growing populations, while developed economies will upgrade their infrastructure to manage with demand discontinuities and the transition to smart grids. The key reasons behind increasing transmission line lengths include a rising electrification ratio, the need for new electricity infrastructure and power generation capacity growth. The global electric power transmission networks with more than 5.66 million Circuit kilometers (Ckm) total lengths are subject to physical wear out and need regular inspections throughout their lifespan according to research department of RENEWABLE MARKET WATCHTM. Since power outages cause substantial financial losses to the producers, distributors and also to the consumers of electric power, it is in the common interest to minimize failures on power lines. The global utility power grid inspection and other associated services market has been gaining momentum due to the growing demand for inspection and maintenance cost reduction along with health and safety improvement in utility gird infrastructure across the globe reveals Renewable Market Watch™ in its recently published report Drones and Robotics in Utility Grid Infrastructure Global Market Outlook 2016 ÷ 2025.

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Wind Power Market in CEE and SEE Countries Review 2016

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/18th April 2016, RENEWABLE MARKET WATCHTM/ Between 2010 and 2015, wind energy market of CEE and SEE countries became one of the fastest growing regions in Europe according to Renewable Market Watch. Cumulative installed wind power capacity in CEE and SEE region has reached almost 17 GW for 2015 at a Compound Annual Growth Rate (CAGR) of 26 % from 2010 to 2015. According to CEE & SEE Countries Wind Power Market Outlook 2016 – 2025, the electric power sector in Europe and CEE & SEE countries particularly is currently facing different changes and evolution mainly in response to the three European Union (EU) energy-related challenges – environmental sustainability, security of supply, and competitiveness – within a context of growing electricity demand. These issues may also represent drivers for the further development of wind energy market in this region.

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CEE and SEE Countries Solar PV Market Review 2016 - 2017

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/7th April 2016, RENEWABLE MARKET WATCHTM/ CEE 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 according to CEE and SEE Countries Solar PV Market Review 2016 - 2017. All of the CEE and SEE countries have renewable energy capacity targets, assisting their aims to obtain share of its power generation from renewable energy sources, including photovoltaic 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 energy strategies or renewable energy action plans.

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Drones in Solar Power Industry to Witness Robust Growth by 2025

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/22nd March 2016, RENEWABLE MARKET WATCHTM/  Solar power industry is developing with fast paces in the past decade and at the end of 2015 almost 230 GW cumulative solar PV power capacity is operational at global level according to research department of RENEWABLE MARKET WATCHTM. This means more than 920 million solar PV modules are subject to physical wear out and need regular inspections throughout their lifespan. Considering the harsh environmental conditions faced by many solar power plants and the logistical difficulties of panel inspection, it’s clear that facility maintenance is a constant challenge for solar operations. Unmanned aerial vehicles (UAVs) - commonly known as drones - can help provide quicker, effortless and cost-effective monitoring and maintenance for even the largest of solar farms. The global solar power plants inspection and other associated services market has been gaining momentum due to the growing solar energy capacity across the globe reveals Renewable Market Watch™ in its recently published report Drones in Solar Power Industry Global Market Outlook 2016 ÷ 2025.

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New hopes for solar market in Poland

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/16th March 2016, RENEWABLE MARKET WATCHTM/  Geographically, Poland is suitable for generation of electricity from solar energy throughout the whole year. The average annual sunshine duration in Poland is 1,600 hours according to Polish Academy of Science and the average solar radiation resource on horizontal surface is approx. 1,080 kWh/m2. According to Polish Energy Policy 2050 solar PV capacity in the country will rise to 15.83 GW by 2050. Mandatory targets of the Directive 2009/28/EC on the Promotion of the use of energy from renewable sources set by EU for Poland are 15 % by 2020. Despite the provisions on the key share of lignite and hard coal in the energy mix, Poland will continue to increase the share of renewables also after 2020. Poland's government has decided that the share of energy from renewable sources in the end consumption (of electricity, heat and fuels) will have to grow also after 2020, a direction previously opposed by the cabinet led by Donald Tusk (which, in turn, was against Poland's current Energy Policy until 2030).

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Importance of valuation of renewable energy projects on emerging markets

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/8th March 2016, RENEWABLE MARKET WATCHTM/ The valuation of renewable energy projects is a complex subject and is a source of tension between regulators, developers, banks, insurance companies and debt and equity investors.  This article is intended to highlight best practices and challenges in valuating renewable energy projects. In the past few years focus on renewable energy has led to high growth in investments in renewable energy assets. Especially wind and solar farm assets have been exposed to great interest from investors, and markets expect high growth rates in investments in these assets in the coming decades. Due to expectations for these markets, we find it interesting to identify the structure of assets held by renewable energy investors and to find suitable methods to value such assets. Many renewable energy installations are very specific to a particular site and its characteristics, as well as reflecting local physical and economic conditions.  

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Drones in Wind Power Industry to Hit $7.01 billion in Sales by 2025

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/25th February 2016, RENEWABLE MARKET WATCHTM/  Wind power industry is developing with fast paces in the past decade and at the end of 2015 almost 307,000 wind turbines are operational at global level according to research department of RENEWABLE MARKET WATCHTM. This means more than 900,000 wind turbine blades are subject to physical wear out and need regular inspections throughout their lifespan. Drones (UAVs) could perform inspection work of wind turbines and wind blades quicker, safer and more cost effectively than traditional methods. With the UAV technology surveyors can sit back and inspect wind turbines very closely for minute cracks, paint peel offs, dents, and others, by simply by looking at the photos, which UAVs  (drones) provide. The global wind turbine inspection and other associated services market has been gaining momentum due to the growing wind energy capacity across the globe reveals Renewable Market Watch™ in its recently published report Drones in Wind Power Industry Global Market Outlook 2016 ÷ 2025.

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Current state and future trends of the solar industry in CEE and SEE region

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/8th February 2016, RENEWABLE MARKET WATCHTM/  According to CEE & SEE Countries Photovoltaic (Solar PV) Market Outlook 2016 – 2025, the electric power sector in Europe and CEE & SEE countries particularly is currently facing different changes and evolutions mainly in response to the three European Union (EU) energy-related challenges – environmental sustainability, security of supply, and competitiveness – within a context of growing electricity demand. These issues may also represent drivers for the further development of solar market in this region. Europe. In fact, many of the CEE & SEE countries have already recorded a gradual upward trend in deploying of photovoltaic power plants. Solar PV is covering more than 7 % of the electricity demand in Greece. Several countries from the region have cumulative installed (CAGR) PV capacity of more than 1 GW. It must be noted that in addition to support mechanisms, photovoltaic energy markets depend on resources, site approval, grid issues and the competitive environment. 

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Solar Market in Turkey for 2016

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/28th January 2016, RENEWABLE MARKET WATCHTM/ Cumulative installed solar PV capacity in Turkey at the end of 2015 grew up more than 3-fold compared to 2014, and is forecasted to grow significantly in 2016 and the next years. Turkish energy regulator EMRA, granted a 49-year solar generation license at the end of December 2015 to Solentegre Enerji Yatırımları, for solar power plant with 8 MW capacity, which will be build in the eastern province of Elazıg. This licence has been granted after a bidding process held by the regulator. The winning company bid was for TL 827,000 (equal of US$280,000) paid per MW for the license.

Turkey received a number of tenders in 2014 and 2015, when interest from developers was very high, with a total of 9 GW of solar projects being proposed for the 600 MW of tendered capacity that is the national cap as it is set by Turkey’s energy strategy. 

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