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The European Commission Raises Climate Ambition and Proposes 55% Cut in Emissions by 2030

/18th September 2020, The European Commission, RENEWABLE MARKET WATCHTM/ The European Commission presented today its plan to reduce EU greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. This level of ambition for the next decade will put the EU on a balanced pathway to reaching climate neutrality by 2050. The new target is based on a comprehensive Impact Assessment of the social, economic and environmental impacts. The Assessment demonstrates that this course of action is realistic and feasible. This raised ambition also underlines the EU's continued global leadership, ahead of the next UN climate conference (COP26).

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Zhanatas Wind Farm in Kazakhstan with 100 MW Power Capacity Secured USD 26.1 million Finance from EBRD

/4th August 2020, EBRD, RENEWABLE MARKET WATCHTM/ Zhanatas Wind-Power Station LLP, a special purpose entity incorporated in the Republic of Kazakhstan to implement the Project, will act as a borrower. The borrower will be jointly owned by China Power International Holding Ltd. (China) and Visor Investment (Kazakhstan). The technical due diligence update will be co-financed by the Clean Technology Fund.

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Africa-EU Renewable Energy Co-operation Programme

/10th July 2020, SolarPower Europe/ The RECP is an African-European platform for promoting renewable energy market development and investment in Africa that was initiated in the framework of the Africa-EU Energy Partnership (AEEP). By promoting market development and investment, it spurs growth on both continents and contributes directly to the targets of the Africa-EU Energy Partnership, the Sustainable Energy for All initiative, the Sustainable Development Goals, and the Africa Renewable Energy Initiative. 

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Turkey Solar Photovoltaic (PV) Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

/17th June 2020, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable long-term overview of the photovoltaic sector of the country for the next long term period 2020 ÷ 2030. Turkey has the sixth-largest electricity market in Europe and one of the fastest growing in the world. In view of cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria and Italy after 2012, Turkey represents interesting investment environment in South-East Europe with exellent solar irradiation.

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Núñez de Balboa the Biggest Solar Photovoltaic Power Plant in Europe Started Electricity Generation

/15th June 2020, Iberdrola, RENEWABLE MARKET WATCHTM/ Iberdrola group, through its subsidiary in Spain, has built and recently commissioned in Badajoz the Núñez de Balboa solar photovoltaic power plant, which, with 500 MWp of installed capacity and the ability to supply clean energy to 250,000 people, has become the largest in Europe. The European Investment Bank (EIB), opens in new window. and the Instituto de Crédito Oficial (ICO), opens in new window. contributed 290 million euros (145 the EIB and 140 the ICO) to finance the plant, thanks to an agreement signed with Iberdrola.

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Asia Photovoltaic Market: Outlook 2020 - 2030 - Trends, Investments, Analysis, COVID-19 Impact, Projections

/29th May 2020, RENEWABLE MARKET WATCHTM/ This is unique thorough and detailed market report, which offers an incisive and reliable overview of the solar photovoltaic sector of Asian countries for the next long term period 2020 ÷ 2030. You will receive overview how the COVID-19 (Coronavirus) will impact this market. Rooftop market segment in many countries is not developed and forecasted to score significant growth in the near future. The report provides a complete picture of the market situation, dynamics, risks, current issues and future prospects.

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The European Alliance for a Green Recovery is Launched

/18th May 2020, SolarPower Europe/ At the initiative of Pascal Canfin, Chair of the Environment Committee at the European Parliament, 180 political decision-makers, business leaders, trade unions, NGOs, and think tanks have come together to form a European Alliance for a Green Recovery. In the face of the coronavirus crisis, the biggest challenge Europe has faced in peacetime, with devastating consequences and a shock to the economy tougher than the 2008 crisis, Ministers from 11 countries, 79 cross-party MEPs from 17 Member States, 37 CEOs, 28 business associations representing 10 different sectors, trade union confederation representing members from 90 national trade union organisations and 10 trade union federations, 7 NGOs and 6 think tanks, have committed to working together to create, support and implement solutions to prepare our economies for the world of tomorrow.

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Vestas Has Received a 139 MW Order for Akita Noshiro Offshore Wind Farm Project

/10th May 2020, Vestas/ Vestas has received a 139 MW order from MHI Vestas Offshore Wind to supply 33 Vestas V117-4.2MW typhoon variant turbines for Akita Noshiro Offshore Wind Farm Project. Located in Japan’s northern Akita prefecture, the wind farm will be the first utility-scale offshore project in Japan. 

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Siemens Gamesa Grabs 184 MW at Latest RES Auction Round in Poland

/20th April 2020, SiemensGamesa/ Siemens Gamesa Renewable Energy has continued its winning streak in Poland following the award of three projects totaling 184 MW at the country’s last auction round held in December 2019. The company will supply 63 wind turbines to several customers including independent private investors to national and international utility companies. 

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New Report is Published about the Europe Corporate Renewable PPA Market

/31st March 2020, RENEWABLE MARKET WATCHTM/ This independent, 230+ page report of Renewable Market Watch™ analyzes the corporate renewable PPA market in 44 European countries. Through extensive research and discussions with experts in the industry, Renewable Market Watch™ has identified a series of market trends that will impact investment volume and renewable energy capacity additions under corporate renewable PPA models over the coming decade in Europe.

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