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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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Season's Greetings for 2016 from Renewable Market Watch

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/15th December 2015, RENEWABLE MARKET WATCHTM/ The Renewable Energy Markets in Central and South-Eastern Europe (CEE & SEE) and CIS countries experienced challenging times and changes in 2015. This situation made investment decisions even harder as the risk seems to have increased in some countries and the quality information on how to deal with these risks remains limited. We have to point out the good news that cumulative installed renewable energy capacity in the region increased. While demand for energy grows the question of the source of this energy becomes increasingly important. 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 2016 and the next years to serve you as the best source of information regarding news, analyses, reports and other industry insights about CEE & SEE countries, CIS countries and other emerging renewable energy markets. To see our greeting card just press ...

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Inea Consulting Ltd. signed sale mandate for 19.5 MW solar projects portfolio in Turkey

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/3rd December 2015, RENEWABLE MARKET WATCHTMInea Consulting Ltd. a leading provider of renewable energy advisory services, today announced that sale mandate has been signed between the company and the owners of 19.5 MW solar project portfolio in Turkey. All the projects are from unlicensed market segment. According to the terms of the agreement, Inea Consulting Ltd. has rights to present these solar projects to qualified investors and to negotiate main parameters of further eventual transactions. Investor's expectations for positive development of Turkish solar energy market have sharply increased since 2013 due to the number of fundamental factors. Turkey’s electricity transmission company (TEIAS) finished tender procedures and awarded 228 MW licensed solar projects in January 2015 another 302 MW at the end of April 2015. These tender procedures assure that soon we will see the first large scale photovoltaic power plants in Turkey. Detailed presentation of this 19.5 MW solar project portfolio in Turkey you may download from here.

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Solar PV market of CEE and SEE countries to triple to 26.9 GW by 2025

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/25th November 2015, RENEWABLE MARKET WATCHTM/ Between 2010 and 2014, solar PV market of CEE and SEE countries became one of the fastest growing regions in the world according to Renewable Market Watch (a division of Inea Consulting Ltd). In its recently released study update of CEE and SEE Countries Photovoltaic (Solar PV) Market: Outlook 2015 – 2025, Renewable Market Watch reports cumulative installed solar PV capacity in CEE and SEE region has reached 8.81 GW for 2014 and scored remarkable 231 % increase compared to 2010. Based on IMF estimates of worldwide GDP, CEE and SEE countries are one of the fastest developing regions. GDP growth of CEE and SEE countries has outperformed the EU-28 countries average in 2014 and is forecast to outperform EU-28 GDP again in 2015 and a few years beyond. CEE and SEE countries could be among the leaders in Europe in the field of renewable energy generation, especially in the field of solar photovoltaic power.

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Feed-in tariffs for solar energy in Kazakhstan to be adjusted with currency devaluation

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/4th November 2015, RENEWABLE MARKET WATCHTM/ Feed-in tariffs for solar energy have been approved from the Government of Kazakhstan on 12th June 2014 and have been are equal to approximately € 0.145/KWh (KZT 34.61/KWh). However after Government's decision of switching to free floating currency exchange rate in August 2015, Kazakhstan's tenge (KZT) plunged to almost 30 % slide measured at the end of October 2015. Kazakhstan’s decision was forced after the sharply falling crude oil prices and because penalties to Russia for the conflict in Ukraine drove the Russian ruble to almost 45 % down in the past 12 months. According to Kazakhstan Photovoltaic (Solar PV) Market Outlook 2015 - 2025 adjustment of feed-in tariffs for solar (and other renewable) energy in Kazakhstan to compensate currency devaluation shall be approved by the Government in within the next 2 – 3 months.

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Donwload your FREE copy of CEE and SEE Countries Solar PV Market Review 2014 - 2015

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/2nd November 2015, RENEWABLE MARKET WATCHTM/ Central and South-Eastern Europe (CEE & SEE) Eastern Europe CEE and SEE countries is the new found hotspot for solar PV energy investments among European countries. Between 2011 and 2014, CEE and SEE countries became one of the fastest growing regions in the world with 151 % cumulative installed solar capacity growth. Along with this the solar PV sector in this region is experiencing challenging times with many regional governments reducing their support for the sector.  This situation makes investment decisions even harder as the risk seems to have increased and the information on how to deal with this risks remains limited. Renewable Market Watch is now launching the very comprehensive FREE Market Review for solar PV energy for CEE and SEE countries 2014 – 2015, giving you access to exclusive information you will not be able to find elsewhere. Global total cumulative installed photovoltaic capacity reached 184 GW at the end of 2014. While demand for energy grows the question of the source of this energy becomes increasingly important.

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