• 76 MWp Solar Power Plant in Kazakhstan Secured USD 42.6 million Financing Package from EBRD, GCF and CIF

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    /18th September 2020, EBRD, RENEWABLE MARKET WATCHTM/ The European Bank for Reconstruction and Development (EBRD) is organising new financing for the construction of a 76MWp solar plant in the Karaganda region of Kazakhstan, a leader in the development of renewable energy in Central Asia, with a total installed solar capacity of 216MWp. The US$ 42.6 million package provided to the well-established German developer Joachim Goldbeck Holding GmbH will consist of an EBRD local currency loan of up to US$ 28 million (Kazakh tenge equivalent), a concessional loan of up to US$ 11.5 million provided by the Green Climate Fund (GCF), the world’s largest climate fund and a concessional loan of up to US$ 3.1 million provided by the Climate Investment Funds’ Clean Technology Fund (CTF). The new solar plant will help reduce annual CO2 emissions by more than 80,000 tonnes and contribute to meeting Kazakhstan’s national emission reduction targets as well as the EBRD’s Green Economy Transition strategy.

  • Armenia Pre-qualified Companies for a Tender about 55 MW Solar PV Power Plant Masrik-1

    /24th July 2017, RENEWABLE MARKET WATCHTM/, Ministry of Energy Infrastructure and Natural Resources of Armenia announced last week that 10 companies have been pre-qualified for a tender about 55 MW solar PV power plant located in the Masrik region of Gegharkunik province. The project cost is estimated to be between $40 to $60 million. The tender is being conducted by the Armenia Renewable Resources and Energy Efficiency Fund. Private developers or consortia can bid to design, finance, build, own and operate the 55 MW Masrik-1 Solar PV Power Plant. A special-purpose company to be owned 100% by the successful bidder will have to be incorporated in Armenia.

  • EBRD to Provide Financing about 36 MW Solar PV Power Plant near Lviv in Ukraine

    /27th April 2018, RENEWABLE MARKET WATCHTM, EBRD/ The EBRD supports a new 36 MW solar plant in western Ukraine as part of its commitment to making the energy mix in its countries of operations greener. The investment is made together with the Clean Technology Fund, the Bank’s partner in advancing green energy.

  • EBRD, ADB and IFC to Provide Financing for a 100 MW Nur Navoi Solar (PV) Photovoltaic Power Plant in Uzbekistan

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    /24th December 2020, EBRD, RENEWABLE MARKET WATCHTM/  The European Bank for Reconstruction and Development (EBRD) shall provide financing for a 100 MW solar photovoltaic (PV) power plant in Uzbekistan. The plant is located in the Navoi region and is one of the first renewable energy projects in this country realised by the private investors. The engagement of the EBRD is providing an equity bridge loan of up to US$ 60 million to Nur Navoi Solar Holding for the construction and operation of the plant. The loan will allow the project investors Masdar, owned by Mubadala Investment Company, a global investment holding established and wholly owned by the Government of Abu Dhabi, to borrow the amount of equity it puts into the project. 

  • Is the Belarus Solar PV Market Ready to Take Off?

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    /14th September 2016, RENEWABLE MARKET WATCHTM/ The main priority of energy policy and strategy of Belarus according to Belarus Photovoltaic Market: Outlook 2016 ÷ 2025 released by the RENEWABLE MARKET WATCHTM, is to reduce dependence on energy imports and to improve the financial stability of the sector. For this reason, renewable energy and energy efficiency have been selected as priority sectors to implement the well balanced sustainable energy policy of the country. On 1st March 2016, the government approved the “Comprehensive Development Plan for the Electricity Sector to 2025 and Beyond”, allowing the necessary changes in the regulatory and technical framework. The plan also includes allowances for network rehabilitation and development, as well as tariff subsidy phase-out. On 6th April 2016, a new “Energy Efficiency and Energy Savings Plan for 2016-2020” came into force.

  • Kazakhstan Continues its Ambitious Plans for Renewable Power Capacity Increase and Pursues Clean Energy Leadership Position Among the CIS States

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    /25th June 2020, RENEWABLE MARKET WATCHTM/ In the first quarter of 2020, the share of green electricity generated in the total amount of energy generated in Kazakhstan was 1.8%. This is 58% more than for the same period in 2019. Renewable energy development in Kazakhstan is accelerating. For three years, the amount of green energy generated has doubled. In 2017 renewable energy power plants in the country generated 1.1 billion kWh, while in 2019 this figure was 2.4 billion kWh. The state plans in 2020 to bring this figure to 3.15 billion kWh. According to the Kazakhstan Solar Photovoltaic (PV) Power Market Outlook 2020 ÷ 2030, electricity consumption in Kazakhstan will continue to show steady growth. Electricity consumption amid the development of the Kazakh economy shall increase by 2030 to 133.8 billion kWh, and by 2050 - to 162.7 billion kWh. The growing demand for electricity and the decommissioning of old power plants due to physical wear and tear in Kazakhstan will require significant construction of new power capacities: 10-15 GW by 2030 (which corresponds to approximately 60% of installed capacity for 2012) and 35-40 GW by 2050. This creates incredible opportunities for investors in renewable energy projects.

  • Kazakhstan Doubled its Renewable Energy Capacity in 2019 and has Ambitious Plans for 2020

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    /17th December 2019, RENEWABLE MARKET WATCHTM/ The Republic of Kazakhstan lies in the Eurasian continent's centre equally distant from the Atlantic and the Pacific Oceans. With its territory of 2,724,900 km² it is the ninth largest country in the world. In the west and the north, it shares borders with the Russian Federation, in the east with China, and in the south with the countries of Central Asia – Uzbekistan, Kyrgyzstan and Turkmenistan. The national border's overall length is 12,200 km, with 600 km of them passing through the Caspian Sea. Kazakhstan has a population of 18.55 million as of 1 June 2019. There are nearly 160 oil and gas deposits in Kazakhstan, including Tengiz - one of the world’s biggest oil and gas deposits (20 trillion barrels of oil and 700 million tons of gas condensate). Kazakhstan has 160 million tons of coal reserves in 155 deposits. The country's iron ore resources (containing 50-60% of pure iron) are some of the world's best. In the last twenty years, Kazakhstan made considerable progress in implementing complex political, economic and social reforms to establish a politically stable market economy. Kazakhstan had undergone reforms in currency convertibility, inflation targeting, foreign investment policy, privatization of state enterprises, economic decentralization, de-monopolization and reallocation of resources.

  • Largest Solar PV Power Plant in Belarus with 22 MWp capacity has been commissioned

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    /25th August 2016, RENEWABLE MARKET WATCHTM/ Belarusian mobile operator Velcom informed about the opening of the largest solar PV power plant in the country till the moment. It is located Bragin in the southern part of Belarus. This solar PV power plant has 22 MWp capacity and covers an area of more than 41 ha and with 85,000 solar PV modules delivered by Chinese solar manufacturer Risen Energy Co Ltd. This solar project represents an excellent example of how the land contaminated by the Chernobyl accident can be used to generate clean power. Approximately €24 million ($ 26.4 million) have been invested in the project. The main priority of energy policy and strategy in Belarus according to CIS Countries Photovoltaic Market: Outlook 2016÷2025 released by the RENEWABLE MARKET WATCHTM, is to provide a reliable and sustainable energy supply for the national economy while reducing dependence on energy imports and improving the financial stability of the sector. Both renewable energy and energy efficiency have been identified as priorities to achieving these aims; however, most of the energy sector change will be due to a new planned nuclear power station, expected to become partially operational by 2020.

  • Renewable Market Watch™ published a new report Titled "Europe Solar Photovoltaic (PV) Power Market Outlook by Segment (Residential, Commercial, and Utility) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2030"

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    /LONDON, June 9, 2021,  PRNewswire/ Nowadays, there is an increased demand for solar power all over Europe. The cumulative installed solar photovoltaic (PV) capacity in Europe reached 151.7GW at the end of 2020, which is а 10 per cent increase compared to 138GW at the end of 2019, according to the recently published study Europe Solar Photovoltaic (PV) Power Market Outlook: 2021 ÷ 2030. Germany was the largest market in 2020, adding 4.8GW new capacity, followed by the Netherlands (2.8GW), Spain (2.6GW), Poland (2.2GW), and France (0.9GW). Amarenco, Axpo, BayWa r.e., Enel Green Power, Hanhwa Q-Cells, Huawei, Iberdrola, First Solar, Jinko, Lightsource bp, LONGi Solar and SMA, are among the key players in the market.

  • Skills Improvement is Necessary for the Renewable Energy Sector of CIS States

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    /11th March 2020, RENEWABLE MARKET WATCHTM/ The adoption of renewable power plants (especially solar and wind) in the Commonwealth of Independent States (CIS) will lead to a significant reduction in the region’s carbon footprint while saving natural gas for future or other use. In most CIS states, energy conservation is considered one of the main ways to ensure energy security. After the USSR's disintegration, the newly independent states faced severe challenges that had suddenly emerged in the energy sector. These challenges were related to providing a sustainable power supply. One of these challenges is the lack of skills for the renewable energy industry in the CIS states. The interest of policymakers in anticipating future skill needs has grown in all countries. A better-informed look into the future is viewed as an imperative of successful policies for more dynamic renewable energy markets and prosperous economies based on clean energy targets. Renewable Market Watch™ published the report Commonwealth of Independent States (CIS) Wind Power Market Outlook 2019÷2028. One of the main targets of this regional analysis is identifying impediments to the improvements that can be made in skills capacity development in the CIS region. Furthermore, in this report, an attempt is made to find ways to enhance the situation to mitigate risks related to the security of energy supplies in the CIS region.

  • The European Investment Bank (EIB) Approved € 2 Billion for Wind and Solar Power

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    /22nd April 2021, EIB/  € 3.4 billion of new financing approved today by the European Investment Bank (EIB) will accelerate shift towards renewable energy and sustainable transport, corporate innovation, improved housing, education and communications. “The green transformation of the global economy gathers speed. The green energy and sustainable transport projects approved by the EIB, the EU’s climate bank, today demonstrate the vision, ambition and partnership needed to slash greenhouse gas emissions this decade and beyond. I am thrilled that this week the European Union agreed to be climate-neutral by 2050. Tomorrow President Biden will host world leaders and renew the shared determination to fight the climate crisis. The return by the US to the community of countries committed to the Paris Agreement goals and to climate action is hugely welcome news, an essential and urgent step toward multiplying the effect of individual actions through global cooperation”, said Werner Hoyer, President of the European Investment Bank. 

  • The French Energy Regulatory Commission (CRE) Awards 22 Agro Photovoltaic (Agrivoltaic) Projects Using Technology of Sun'Agri

    /5th January 2020, Sun'Agri, RENEWABLE MARKET WATCHTM/ The French Energy Regulatory Commission (CRE) has announced the results of its third “innovative solar photovoltaic” call for tenders. Thirty-one winning projects are agrivoltaic systems, 72% of which correspond to 22 projects using Sun'Agri technology, a breakthrough innovation allowing agriculture to adapt to climate change. This call for tenders confirms French ambitions in terms of agrivoltaic systems.

  • Ukraine Renewable Energy Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /21st December 2020, RENEWABLE MARKET WATCHTM/ The technical and economic potential for clean power generation from solar PV, wind, and bioenergy in Ukraine is considerable. Broader development of renewable energy would also play an essential role in existing policy goals of reducing the dependency on imported natural gas and diversification of the more secure energy supply. Ukrainian solar and wind power sectors scored remarkable progress between 2012 and 2020. 

  • UNEF Celebrates the Success of the Spanish Auction Model for Photovoltaic Energy Competitiveness

    /9th February 2020, Global Solar Council/ The Unión Española Fotovoltaica (UNEF) doubly celebrates the success of the first renewable energy auction in Spain call since 2017 in which photovoltaic energy has demonstrated its competitiveness by achieving 2,036 MW of the 3,034 auctioned MW. It also congratulates itself because the awarding has been widely distributed among companies and has covered all sizes of projects, accommodating a wide variety of players.

  • Uzbekistan Plans 1 GW New Solar Photovoltaic Projects

    /28th December 2020, RENEWABLE MARKET WATCHTM/ At the beginning of 2021, the country plans to launch a tender for up to 300 MW solar project in the Sherabad district of the Surkhandarya region, according to the Ministry of Energy of Uzbekistan ant this part of a pipeline of 1 GW solar projects that are projected to be built in Uzbekistan in 2021 and 2024.

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

    /23rd December 2020, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable long-term overview of the country's photovoltaic sector for the next long term period 2020 ÷ 2030. Because of cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria and Italy after 2012, the Republic of Uzbekistan represents a stable investment environment in CIS region with clear rules and auction (tender) procedure. Current cumulative installed PV capacity in the country is insignificant, but a number of solar projects will promptly increase in 2020 and next years.

  • Uzbekistan Welcomes Large Scale Solar Photovoltaic (PV) Projects

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    /25th February 2019, RENEWABLE MARKET WATCHTM/  Uzbekistan plans five large scale solar photovoltaic (PV) by 2021. Energy security, affordability, and efficiency are key priorities of the government’s energy strategy, according to the recently published report Uzbekistan Solar Photovoltaic (PV) Power Market Outlook 2018÷2027. Uzbekistan is a promising country among CIS states for investors in solar photovoltaic (PV) energy due to its excellent solar irradiation potential and high fossil fuels dependency rate. The government has adopted policy and legal frameworks with clear goals to reduce energy intensity and losses, and enhance sector investments and institutional change. According to the Decree of the President of the Republic of Uzbekistan dated №4512 ’On measures for further development of alternative energy sources’, principal attention is being paid to broader use of solar energy and biogas. 

  • Wind Energy Potential in Belarus

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    /19th September 2017, RENEWABLE MARKET WATCHTM/ Belarus is located in the centre of Europe. The territory accounts 207.6 thousand km2, and the population is 9.51 million people (2016). Belarus cannot cover its demand for energy with domestic sources because its mineral resources and renewable energy sources (RES) are quite limited according to Belarus Photovoltaic Market: Outlook 2016 ÷ 2025. The country has to import fuels and energy, mainly from the Russian Federation. The share of the net import of total primary fuel and energy consumption is about 85 % (2016). Belarus ratified the UNFCCC in 2000 and the Kyoto Protocol in 2005. It submitted its first National Communication to the UNFCCC in 2003, followed by communications in 2006, 2009 and 2013. For the second Kyoto Protocol commitment period (2012-2020), Belarus committed to cut emissions by 8% compared to 1990, which was later increased to 12%. It has also initiated a process to join the Annex B of the Kyoto Protocol to become eligible for carbon emission trading.

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