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

    EIB backs 3.4 billion investment for climate action and clean energy small

    /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 Netherlands is One of the Fastest Growing Solar PV Markets in Europe

    /3rd May 2019, RENEWABLE MARKET WATCHTM/ The Netherlands will not fulfil its EU 2020 renewable energy targets of 14%. The share of renewable energy will reach below 12.5%, according to the latest forecasts. However, there is quite an impressive pipeline of solar photovoltaic power projects in the Netherlands. The country is undertaking serious efforts to transform its energy system. Historically, the Netherlands relied heavily on its gas reserves, but with natural deposits dwindling, the country is looking to renewable energy to meet its energy demands. 

  • Uzbekistan Welcomes Large Scale Solar Photovoltaic (PV) Projects

    Uzbekistan Solar Market small

    /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. 

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