/LONDON, September 22, 2023, 10:00 BST, IRENA, RENEWABLE MARKET WATCH^TM/ The International Renewable Energy Agency (IRENA) published a new report, 'Renewable Power Generation Costs in 2022'. In 2022, the global weighted average levelised cost of electricity (LCOE) from newly commissioned utility-scale solar photovoltaics (PV), onshore wind, concentrating solar power (CSP), bioenergy and geothermal energy all fell, despite rising materials and equipment costs.

/LONDON, September 5, 2023, 9:00 BST, RENEWABLE MARKET WATCH^TM/ The growth of the European solar power market in 2022 has exceeded all expectations. The cumulative installed solar photovoltaic (PV) capacity in Europe reached 244.3GW at the end of 2022, which is an almost 23 per cent increase compared to 198.8GW at the end of 2021, according to the recently published study Europe Solar Photovoltaic (PV) Power Market Outlook 2023 ÷ 2032. Germany was the largest market in 2022, adding 7.9 GW of new capacity, followed by Spain (7.5 GW), Poland (4.9 GW), Netherlands (4 GW), and France (2.7 GW). In the EU-27 member states, the solar PV market scored an impressive increase in annual installed capacity by 47 per cent in 2022, from 28.1 GW in 2021 to 41.4 GW in 2022. Amarenco, Axpo, BayWa r.e., EDPR, Enel Green Power, ENGIE, Hanhwa Q-Cells, Huawei, Iberdrola, First Solar, Jinko, Lightsource bp, LONGi Solar, RWE, SMA and Total Eren, are among the key players in the market.

/BUCHAREST, August 29, 2023, 9:30 BST, PHOTON ENERGY N.V./ Photon Energy N.V. announces that Photon Energy Engineering Romania S.R.L. – the Group's Romanian subsidiary dedicated to engineering, procurement and construction (EPC) services – has completed and grid-connected two photovoltaic (PV) power plants in its Romanian market. The power plants have a combined generation capacity of 10.3 MWp. We are excited to have expanded our portfolio of operating solar PV assets by an additional 10.3 MWp,’ said Georg Hotar, CEO of Photon Energy Group. ‘Following the commissioning of our first six power plants in Romania earlier this year, the commissioning of the installations in Făget and Săhăteni represents another important milestone for Photon Energy in the Romanian renewable energy market, where we have an additional capacity of around 20 MWp in five different locations at an advanced stage of construction.’

/BRUSSELS, July 19, 2023, 14:00 BST, European Commission, RENEWABLE MARKET WATCH^TM/ In their amendments to the draft legislation, Members of the European Parliament (MEPs) propose to further strengthen consumer protection against volatile prices. The reform of the electricity market, to make it more stable, affordable and sustainable, received the support of the Energy Committee on Wednesday (July 19, 2023). Consumers should have the right to fixed-price contracts, dynamic price contracts, as well as more key information on the options they sign up to, banning suppliers from being able to unilaterally change the terms of a contract. The aim is to ensure that all consumers, as well as small businesses, would benefit from long-term, affordable and stable prices and to mitigate the impact of sudden price shocks. MEPs also advocate that EU countries prohibit suppliers from cutting the electricity supply of vulnerable customers, including during disputes between suppliers and customers, and prevent suppliers from requiring these customers to use prepayment systems.