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  • Bulgaria and Romania with Gigawatt New Capacity Additions in Solar Photovoltaic (PV) Power by 2024

    Bulgaria and Romania with Gigawatt New Capacity Additions in Solar Photovoltaic PV Power by 2024 small

    /18th December 2020, RENEWABLE MARKET WATCHTM/ Solar photovoltaic (PV) power in the European Union had a strong performance in 2020 despite the negative health, social and economic effects of the COVID-19 (Coronavirus) pandemic, revealed the recent update of Europe Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030.  The EU member states installed 18.2GW of solar power capacity in 2020, an 11% improvement over the 16.2GW deployed in the previous year, according to the recently released report EU Market Outlook for SolarPower 2020-2024 by SolarPower Europe. With minimal solar power installation activity in Bulgaria and Romania in the last few years, the prediction model of SolarPower Europe shows the up-and-coming gigawatt new solar photovoltaic (PV) capacity addition opportunities for Bulgaria and Romania by 2024. SolarPower Europe’s growth assumptions are much higher than the targets formulated by EU member states in their National Energy and Climate Plans (NECP). But with drivers for solar energy in Europe only getting stronger, the foundation is laid for further rapid growth in the coming years.

  • Bulgaria Wind Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /25th February 2021, RENEWABLE MARKET WATCHTM/ This is the first-ever made thorough and detailed market report, which offers an incisive and reliable overview of the wind energy sector of Bulgaria for the next long term period 2020 ÷ 2030. The number of fully permitted and ready to build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry.

  • Bulgaria Wind Power Market: Outlook 2022 - 2031 - Trends, Forecasts, Investments, Opportunities, Analysis,

    /LONDON, October 3, 2022, 11:00 BST, RENEWABLE MARKET WATCHTM/ This is the first-ever made, a thorough and detailed market report, which offers an incisive and reliable overview of the wind energy sector of Bulgaria for the next long-term period 2022 ÷ 2031. The number of fully permitted and ready-to-build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry.

  • Bulgarian Commission on Protection of Competition Approved the Acquisition of 42 MW Wind Farm of MET Group from Enel Green Power

    MET Group Acquires 42 MW Wind Farm in Bulgaria from Enel Green Power Small

    /18th January 2021, RENEWABLE MARKET WATCHTM/ Bulgarian Commission on Protection of Competition Approved the Acquisition of 42 MW Wind Farm of MET Group from Enel Green Power. The Swiss-based MET Renewables Holding AG has notified the Commission for Protection of Competition in Bulgaria of its intention to acquire sole direct control over Enel Green Power Bulgaria EAD. The parent company is a subsidiary of the Italian Enel Green Power, which is part of the Enel Group and its activities are related to the management of 42 MW wind farm consisting of two sites with a total number of 14 SPV companies that own 14 wind turbines of 3 MW each, all in Northeastern Bulgaria. The buyer, MET Renewables Holding AG is a new company, but it is backed by the Swiss group MET, with direct owner MET Holding AG. However, it has been operating in Bulgaria since 2017 through its subsidiary MET Energy Trading Bulgaria. It is active in the electricity trading market at freely negotiated prices.

  • CEE and SEE Countries Solar PV Market Review 2016 - 2017

    Solar Energy small

    /7th April 2016, RENEWABLE MARKET WATCHTM/ CEE and SEE countries are the interesting investment destination for solar PV technology among European countries. This region has become one of the fastest-growing solar PV markets in Europe with cumulative PV installed capacity of 9.1 GW for 2015 at a Compound Annual Growth Rate (CAGR) of 27.9 % from 2010 to 2015, and with an expected cumulative PV installed capacity to exceed 26.9 GW by the end of 2025 according to CEE and SEE Countries Solar PV Market Review 2016 - 2017. All of the CEE and SEE countries have renewable energy capacity targets, assisting their aims to obtain a share of its power generation from renewable energy sources, including photovoltaic energy. In EU member countries, these targets are set by the European Commission (EC). In non-EU member countries, RES targets are set in the energy strategies or renewable energy action plans.

  • Central East and South East Europe Photovoltaic (PV) Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /26th October 2020, RENEWABLE MARKET WATCHTM/ This is the first-ever made the thorough and detailed market report, which offers an incisive and reliable overview of the solar photovoltaic sector of Central East Europe (CEE) and South-East Europe (SEE) countries for the next long term period 2020 ÷ 2030. The number of fully permitted and ready to build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry. The rooftop market segment in many countries is not developed and forecasted to score significant growth soon.

  • Central East and South East Europe Wind Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /12th January 2021, RENEWABLE MARKET WATCHTM/ This is the first-ever made a thorough and detailed market report, which offers an incisive and reliable overview of the wind energy sector of Central East Europe (CEE) and South-East Europe (SEE) countries for the next long term period 2020 ÷ 2030. The number of fully permitted and ready to build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry. The small wind market segment for turbines below 500 KW in many countries is not developed and forecasted to score significant growth in the near future.

  • Central East and South East Europe Wind Power Market: Outlook 2021 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /LONDON, October 12, 2021, 10:45 BST, RENEWABLE MARKET WATCHTM/ This is the first-ever made thorough and detailed market report, which offers an incisive and reliable overview of the wind energy sector of Central East Europe (CEE) and South-East Europe (SEE) countries for the next long term period 2021 ÷ 2030. The number of fully permitted and ready to build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry. The small wind market segment for turbines below 500 KW in many countries is not developed and is forecasted to score significant growth in the near future.

  • Central East and South East Europe Wind Power Market: Outlook 2022 - 2031 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /LONDON, June 7, 2022, 10:45 BST, RENEWABLE MARKET WATCHTM/ This is the first-ever made, a thorough and detailed market report which offers an incisive and reliable overview of the wind energy sector of Central East Europe (CEE) and South-East Europe (SEE) countries for the next long term period 2022 ÷ 2031. The number of fully permitted and ready-to-build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry. The small wind market segment for turbines below 500 KW in many countries is not developed and is forecasted to score significant growth in the near future.

  • EBRD Provides Financing to Support the 156 MW Saint Nikola Wind Farm in Bulgaria

    /LONDON, December 27, 2021, EBRD, RENEWABLE MARKET WATCHTM/ To boost Bulgaria’s renewable energy sector, the European Bank for Reconstruction and Development (EBRD) has committed earlier this month new funds to the 156 megawatt (MW) Saint Nikola wind farm located in the Kavarna region of northeast Bulgaria.

  • Europe Net Metering and Self-Consumption Solar PV Market Outlook 2016 - 2025

    Europe Net Metering small

    /30th November 2016, RENEWABLE MARKET WATCHTM/ Distributed solar power,  which has been the backbone for the bulk of the solar PV sector’s growth in  Europe,  is moving towards self‑consumption and net metering according to recently published report Europe Net Metering and Self-Consumption Solar PV Market Outlook 2016 - 2025. In February 2015, the European Commission published its new Energy Union strategy depicting a vision in which “citizens take ownership of the energy transition, benefit from new technologies to reduce their bills, participate actively in the market”. Besides greater consumers’ involvement, the energy transition will require much more renewables. This paradigm shift has already started: In 2014 and for the first time, renewables produced more power than nuclear in Europe. And this trend will continue: according to the European Commission’s forecasts, renewables will cover around 45% of our electricity demand by 2030, and their share is expected to grow to 60% ÷ 97% by 2050. This represents a major opportunity to establish a clean, secure and resilient energy system on which the European economy can grow.

  • MET Group Acquires 42 MW Operational Wind Farm in Bulgaria from Enel Green Power

    MET Group has acquired 42 MW Wind Farm in Shabla Bulgaria from Enel Green Power small

    /28th December 2020, RENEWABLE MARKET WATCHTM/ The Swiss-based MET Renewables Holding AG has notified the Commission for Protection of Competition in Bulgaria of its intention to acquire sole direct control over Enel Green Power Bulgaria EAD. The parent company is a subsidiary of the Italian Enel Green Power, which is part of the Enel Group and its activities are related to the management of 42 MW wind farm consisting of two sites with a total number of 14 wind turbines, all in Northeastern Bulgaria. The buyer, MET Renewables Holding AG is a new company, but it is backed by the Swiss group MET, with direct owner MET Holding AG. However, it has been operating in Bulgaria since 2017 through its subsidiary MET Energy Trading Bulgaria. It is active in the electricity trading market at freely negotiated prices.

  • MET Group Finalised Transaction of 60MW Wind Park Suvorovo in Bulgaria

    Suvorovo Wind Farm 60 MW Grupo Enhor small

    /LONDON, December 27, 2021, 10:00 GMT, RENEWABLE MARKET WATCHTM/ The Swiss energy company MET Group finalised the transaction for a 100% stake in a 60MW wind park in Bulgaria. MET Group signed a share purchase agreement with Spanish Grupo Enhol to acquire the operating wind asset earlier (on 30 July 2021) this year. With this acquisition, the company continues to follow its target of 500MW operational renewable energy power plants in the Central East Europe (CEE) region by 2023. The transaction is essential in achieving MET’s renewables growth targets in the CEE region of 500 MW in operation by 2023.

  • Photon Energy Breaks Ground on Second of Total 32 MWp Solar Projects to Be Built in Romania This Year

    Poland Solar Photovoltaic PV Power Market Outlook 2020 2030 Small

    /BUCHAREST, July 13, 2022, 9:30 GMT, PHOTON ENERGY N.V./ Photon Energy N.V. announces that it has broken ground on the construction of its second Romanian PV power plant, which will have a generation capacity of 4.7 MWp. High-efficiency bifacial solar modules mounted on single-axis trackers will deliver around 6.8 GWh of renewable energy annually to the grid of Distribuție Energie Electrică Romania, which will be sold on the energy market on a merchant basis, without any support or a power purchase agreement with an energy offtaker. The new power plant is scheduled to commence operations in the fourth quarter of 2022. Located near Aiud in Romania’s Alba County, the power plant will extend over 6.6 hectares of greenfield land and will be equipped with some 8,700 solar panels.

  • Portland Trust Finalised Deal for Sale of a 155 MW Solar Photovoltaic Project in Romania to Econergy and Nofar Energy

    New Horizons for Solar Power Market Romania small

    /LONDON, November 10, 2021, 14:30 GMT, RENEWABLE MARKET WATCHTM/ The 155MW project will be one of Romania's largest solar photovoltaic power plants. It is located on Ratesti, Arges county, on a land plot with approximately 165 hectares. There is no information disclosed about the deal price. Earlier this year, Portland Trust announced its plans to create a portfolio of more than 500MW solar projects in Romania. According to the Renewable Market Watch, this deal is only the beginning of many deals for new large scale solar projects in Romania that local and international investors will announce in 2022 and 2023.

  • 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"

    Europe Solar Photovoltaic Power Market Outlook 2021 2030 small

    /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.

  • Restart Energy Signed a Grid Connection Contract for a 50MW Solar Photovoltaic Project in Romania

    New Horizons for Solar Power Market Romania small

    /LONDON, January 18, 2022, 9:15 GMT, RENEWABLE MARKET WATCHTM/ This 50MW solar photovoltaic (PV) project is the first crucial step in the planned 500MW pipeline of renewable energy projects in Romania by 2025. It is located in Sărmăşag, Sălaj County of Romania, and the estimated investment for its realisation is EUR 40 million. The estimated аnnual energy production (AEP) is 60,000 MWh. The final commissioning of the project is scheduled for the end of Q1 2022. Through this project, Restart aims to create 100 temporary jobs (during construction) and 15 permanent jobs - during operation. Furthermore, Restart Energy has planned to purchase or develop 100MW renewable energy projects (solar, wind, biogas, biomass and geothermal) each year.

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

    /16th April 2021, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the photovoltaic sector of the country for the next long term period 2020 ÷ 2030. Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12th largest country and also the 7th most populous member state of the European Union, having almost 20 million inhabitants. The current cumulative installed PV capacity grew up from 29 MW in 2012 to over 1380 MW in 2020. 

  • Season's Greetings 2021 by Renewable Market Watch

    Seasons Greeting 2021 Renewable Market Watch small

    /23rd December 2020, RENEWABLE MARKET WATCHTM/ The global energy system is undergoing rapid transformation. With the 2030 Sustainable Development Goals and the Paris Climate Agreement serves as inspiration, countries, cities, and corporations worldwide continue to take meaningful action on renewable energy development. 2019 was another historic year for the global renewable power sector mix over the past year. Renewable energy sources have continued to dominate new additions to the world’s power generation over the past year. Renewable capacity reached 2,537GW globally by the end of 2019, up 176GW from the previous year. More solar PV capacities were installed globally than any other power generation technology. Solar alone saw more new capacity deployed than fossil fuels and nuclear combined. Solar added almost twice as much capacity as its renewable peer, wind power. A total of 97.08GW of grid-connected solar photovoltaic (PV) capacity was installed globally in 2019, according to the International Renewable Energy Agency (IRENA). This led to a total global cumulative solar photovoltaic (PV) power capacity of over 580GW in 2019 after the solar exceeded the 300GW mark in 2016 and the 400GW level in 2018.

  • Solar Photovoltaic Market of the Central Eastern and South Eastern Europe Increased by 23 per cent

    VC in CEE and SEE small

    /6th November 2019, RENEWABLE MARKET WATCHTM/ During the last ten years (2008 – 2018) most of the market growth has been driven by incentives and the largest share of cumulative installed solar photovoltaic capacity in some of Central East Europe and South-East Europe (CEE & SEE) countries was realized by large scale ground-mounted solar power plants. Cumulative installed solar PV capacity in the CEE & SEE region scored 23 per cent increase in 2018 compared to 2017, according to the 'Central East and South-East Europe Solar Photovoltaic (PV) Power Market Outlook 2019÷2028'. The results of this study provide concrete inputs for the decision-making process for investors in solar photovoltaic power in the CEE & SEE region. Furthermore, it presents investment frameworks for renewables, including the latest solar photovoltaic developments, and provides assessment and an index of the RES support scheme's quality per countries. The retroactive taxes imposed to photovoltaic investors in the Czech Republic, Bulgaria, Romania, Slovakia, and Greece, many developers turned attention to rooftop residential (up to 30 KW), and commercial (from 100 KW to 1 MW) photovoltaic installations. With the increasing costs of electricity and fossil fuels and unpredictability of these costs, the rooftop market segment together with corporate renewable PPA market and utility-scale projects under auction (tender) procedures shall play an increasing role in the solar photovoltaic market development in the CEE & SEE countries by 2030 and beyond.

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