Our Blog

/18th September 2014, RENEWABLE MARKET WATCHTM/ With its booming economy and growing energy demand, Turkey is one of the most promising emerging markets for photovoltaic energy investments amongst SEE countries. This growing energy demand and the high electricity prices are the main drivers, which will support the growth of Turkish solar PV market.

/7th August 2014, RENEWABLE MARKET WATCHTM/ Azerbaijan has good renewable energy resources. Offering 2,400-3,200 hours of sunshine per year, Azerbaijan also has good solar electricity and heat generation potential. At the same time, its technically feasible potential for solar PV generation is 16 billion kWh. This would imply saving up to 0.7 million tons of conditional fuel, preventing ozone-cracking (depleting) and reducing carbon dioxide emissions.

/15th July 2014, RENEWABLE MARKET WATCHTM/Cumulative installed PV capacity in Ukraine was only 3 MWp in 2010, but grew up to 140 MWp in 2011, to 320 MWp in 2012, and exceeded 620 MW in 2013, making the country one of the fastest-growing photovoltaic markets in the region according to Ukraine Photovoltaic Market: Outlook 2013 - 2018

/11th June 2014, RENEWABLE MARKET WATCHTM/The renewable energy sector in Belarus is not developed at the moment. Contribution of photovoltaic power plants, wind power plants and biogas power plants to the country's electricity mix is insignificant at the moment. Belarus's photovoltaic power capacity remained relatively unchanged in the last 5 years and is below 5 MW at the end of 2013.

/19th May 2014, RENEWABLE MARKET WATCHTM/Romania is suitable for the production of biomass and biogas energy throughout the whole year. Biomass carries the highest potential for green energy production in the country, amounting around 88.33 TWh per year. Romania will need additional 20 GW electricity generation capacity by 2035 in order to meet the increasing demand for electricity, to de-carbonize its electricity sector and to replace aging power generation facilities.

/25th April 2014, RENEWABLE MARKET WATCHTM/ The Western Balkans region has excellent potential to develop solar and wind power projects. Most of this potential is still not utilized. Continuous improvement of Western Balkan countries' existing regulatory frameworks is necessary to enable renewable energy investors to develop and build viable solar and wind projects.

/11th March 2014, RENEWABLE MARKET WATCHTM/ Libya represents an interesting investment opportunity in North Africa with announced plans to produce 20 % of its electricity from renewable energy sources (mostly solar) by 2020. Current cumulative installed PV capacity in the country is insignificant, but many fully permitted and ready to build project will increase.

/21st February 2014, RENEWABLE MARKET WATCHTM/ Between 2009 and 2012, Bulgaria has become one of the fastest-growing wind markets in SEE region with cumulative wind installed capacity of 674 MW by the end of 2012. Currently, the feed-in tariff is fixed for 20 years for biomass and solar projects and 12 years for wind projects at the signing of PPA.

/9th January 2014, RENEWABLE MARKET WATCHTM/ Serbia has an average of about 272 sunny days and about 2,300 sunny hours, which is more than the European average. Annually, the average value of the overall sun radiation for the Republic of Serbia territory ranges from 1,200 kWh/m2/a year in northwest Serbia to 1,550 kWh/m2/a year in southeast Serbia. In comparison, in the middle part, it is about 1,400 kWh/m2/a year.