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

    Kazakhstan 76 MWp Solar PV Power Plant Karaganda small

    /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.

  • A Paradigm Shift for Low and Medium Voltage Grids Regarding Variable Renewable Energy Generation

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    /31st May 2017, IEA/ The greater uptake of distributed VRE shifts the historic balance of supply and demand in the electricity network and calls for a revision of the institutional arrangements guiding low- and medium-voltage grids. The rise of distributed generation assets – dominated by the rapid uptake of solar PV – translates into the growing complexity of power flows within the distribution grid. This provokes the need for innovative approaches to the planning and operation of low- and medium-voltage grids, with technical, economic and institutional implications. On the technical side, more dynamic and bi-directional flows of electricity (from lower to higher voltage levels and vice versa) require reinforced monitoring and control capabilities as well as upgrades to infrastructure. Moreover, planning standards need upgrading to manage the uptake of large shares of distributed resources. In this context, next-generation VRE technology – such as advanced inverters – can offer technical capabilities to support and sustain safe and reliable operations in local power grids, while also reducing energy losses in the overall power system.

  • 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. It 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. 

  • Albania and Bulgaria are the Newly Accepted Members of the Association of Issuing Bodies (AIB)

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    /BRUSSELS, May 31, 2024, 11:00 CEST, The Association of Issuing Bodies (AIB)/ The Association of Issuing Bodies (AIB) informed today on its LinkedIn profile that Albania and Bulgaria are accepted as full association members. With a main focus on supporting the energy transition for all stakeholders, AIB aims to unite the European issuing bodies of energy attribute tracking systems for all energy carriers and technologies, thereby using a decision-making structure that respects their varying identities while allowing for continuous evolution. Memberships were registered for Bulgaria’s Sustainable Energy Development Agency (SEDA) and Albania’s Energy Regulatory Authority (ERE). Joining the Association of Issuing Bodies (AIB) can provide Albania and Bulgaria with several benefits regarding trading guarantees of origin (GOs) from renewable energy sources.

  • Alerion Clean Power Signed an Agreement with Black Sea Wind Partners for the Development of 550 MW Wind Farm Projects in Romania

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    /LONDON, December 16, 2021, 10:00 GMT, Alerion Clean Power, RENEWABLE MARKET WATCHTM/ The Italian company Alerion Clean Power S.p.A. has signed with Black Sea Wind Partners S.r.l. (a leading company in the development of wind projects in Romania) a development agreement for 3 new wind farm projects in Romania, with a capacity of up to 550 MW. The authorization process for the plants under development is expected to be completed by the end of 2024. The agreement reinforces the growth program that Alerion is pursuing abroad, particularly in Romania. Furthermore, Alerion will accelerate the growth in a market with very large growth perspectives, thanks also to the renewable development plans promoted by the Romanian government. In May 2021, Alerion signed an agreement with Monsson Alma to develop three new wind farm projects in Romania with 350 MW total capacity. The Moldova and Dobrogea provinces (in the southeast of the country, near the Black Sea) were considered the most appropriate areas for wind farm developments, according to the Romania Wind Power Market Outlook 2021÷2030

  • Alerion Clean Power Signed an Agreement with Monsson Alma for the Development of 3 New Farm Wind Projects in Romania with a Capacity of 350 MW

    Podvelezje Wind Farm Bosnia and Herzegovina small

    /5th May 2021, Alerion Clean Power, RENEWABLE MARKET WATCHTM/ The Italian company Alerion Clean Power S.p.A. has signed with Monsson Alma, a leading company in the development of wind projects in Romania, and the shareholders of the relevant project companies a development agreement for 3 new wind projects in Romania, with a capacity of approximately 350 MW. The authorization process for the plants under development is expected to be completed by the end of 2022. The agreement will allow Alerion to accelerate the growth in a market with very large growth perspectives, thanks also to the renewable development plans promoted by the Romanian government. The Moldova and Dobrogea provinces (in the southeast of the country, near the Black Sea) were considered the most appropriate areas for wind farm developments, according to the Romania Wind Power Market Outlook 2021÷2030. The southeast of Dobrogea was ranked second in terms of potential in Europe according to specialized studies. Romanian wind potential is estimated at around 14,000 MW (14 GW) installed capacity, generating about 23 TWh. per year.

  • Ameresco Sunel Energy SA Will Build a 560 MWp Enipeas Solar Project in Greece for Lightsource bp

    /LONDON, July 26, 2024, 10:00 BST, RENEWABLE MARKET WATCHTM/ Ameresco Sunel Energy SA has announced its recently signed agreement to construct Lightsource bp's giant 560 MWp Enipeas solar project in Greece. This flagship project, one of the largest solar assets in Europe, is a testament to the joint venture's commitment to advancing the Greek solar energy sector. Its sheer scale and ambition will impress and inspire everyone involved in Greece's renewable energy sector.

  • 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 an overview of how the COVID-19 (Coronavirus) will impact this market. The rooftop market segment in many countries is not developed and forecasted to score significant growth shortly. The report provides a complete picture of the market situation, dynamics, risks, current issues and prospects.

  • Asterion Industrial Partners Acquires Energy Utility STEAG in a Deal Worth Around €2.6 Billion

    /ESSEN/MADRID, August 25, 2023, 08:05 CET, Asterion Industrial Partners/ Asterion Industrial Partners, an independent investment management firm focused on European infrastructure, has signed a purchase agreement for the acquisition of the energy utility STEAG from the consortium Kommunale Beteiligungsgesellschaft (KSBG), which represents the municipal utilities of the cities of Dortmund, Duisburg, Bochum, Essen, Oberhausen, and Dinslaken. The transaction values STEAG at an enterprise value of around €2.6 billion.

  • Aukera Signs a Joint Development Agreement with Securenergy for a solar photovoltaic (PV) portfolio acquisition of 1,000 MW in Germany

    /BRUSSELS, September 30, 2022, 10:00 BST, Aukera/ Aukera BV to acquire a solar PV portfolio of projects under development across Germany with an initial 1,000 MW of total capacity from securenergy solutions AG. securenergy will be responsible for the development of the projects, which Aukera intends to build, own, and operate as part of its strategy. The agreement has been structured as a Joint Venture. Aukera is seeking to expand its presence in Germany and aims to consolidate its position in the renewable energy sector, across solar PV, onshore wind, and storage, with further acquisitions..

  • Axpo Signed PPA with Obton A/S for Klatzow Solar Photovoltaic (PV) Power Plant in Germany with 11 MWp Capacity

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    /BERLIN, February 21, 2022, 10:00 GMT, Axpo/ Axpo has signed a Power Purchase Agreement (PPA) with the Danish company Obton A/S, a leading solar energy investor in Europe, for the Klatzow solar park currently under construction in Mecklenburg-Vorpommern. The ten-year contract demonstrates the important role of PPAs in the expansion of renewable energies in Germany. Construction of the 11 MWp Klatzow solar park near Neubrandenburg is already underway, with commissioning planned for spring 2022.

  • Bayer Signed a Corporate PPA with Wuppertaler Stadtwerke to Secure 100 % Renewable Electricity for Several Sites Located in Germany

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    /WUPPERTAL/LEVERKUSEN, GERMANY, April 19, 2024, 10:00 BST, Bayer AG/ Bayer AG has signed a long-term supply agreement for electricity from renewable energy sources with Wuppertaler Stadtwerke (WSW), the public utility company of Wuppertal in North Rhein-Westphalia, Germany. The contract underlines Bayer's global commitment to sustainability. Under this supply agreement, WSW will deliver over 120 GWh of wind and/or solar power from German wind and solar parks to Bayer. This is equivalent to the annual power consumption of around 30,000 households.

  • BayWa r.e. has Commissioned a Solar Power Plant with Battery Storage in Villingen-Schwenningen in Baden-Württemberg Province in Germany

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    /MUNICH, June 10, 2022, 13:15 BST, PVEurope, BayWa r.e. Renewable Energy GmbH/ BayWa r.e. has commissioned a solar park with battery storage in Villingen-Schwenningen in Baden-Württemberg/Germany. The plant combination is supported by the innovation tender of the Federal Network Agency. The solar park, with a capacity of 7 MW, can generate approximately 8 million kWh of green electricity annually, which is equivalent to the consumption of 2,500 average households in Germany. The storage capacity of the 3 MW battery storage is 4 MWh. Marc Krezer, Head of Project Development PV Germany, comments on the commissioning: "We would like to thank the Villingen-Schwenningen municipality for the good cooperation and are pleased with the timely completion and commissioning of the Spitalhöfe solar park. From now on, the plant combination can feed electricity into the grid. The storage facility makes an important contribution to grid stability and security of supply."

  • BayWa r.e. has Secured €6.5 Million in Funding From the EU’s LIFE Programme to Develop Six Projects by 2027 Combining Agriculture with Solar Power Generation

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    /MUNICH, October 26, 2023, 14:30 GMT, BayWa r.e. Renewable Energy GmbH/ BayWa r.e. has secured €6.5 million in funding from the EU’s LIFE Programme, which will be used to develop six projects across five countries by 2027, combining agriculture with solar power generation. All six projects are either first or significant steps forward for their respective markets. Working closely with EU representatives, landowners, and local communities, BayWa r.e. aims to develop the commercial viability of Agri-PV and to demonstrate its benefits as an effective climate-adaptation strategy for fruit and crop cultivation in Europe. BayWa r.e. has been instrumental in proving the benefits for using Agri-PV to supplement fruit farming at scale (fruitvoltaics). As part of EU LIFE ADAPT-PV, three of these new projects, in France, Spain, and the Netherlands, aim to increase fruitvoltaic projects’ resistance to climate change by providing a combination of crop protection and generation of green solar energy, within an innovative financing model.

  • Bekaert and Rezolv Energy Signed a Power Purchase Agreement (PPA) for 100 GWh from VIFOR Wind Farm in Romania

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    /BUCHAREST, July 4, 2024, 9:00 CEST, Bekaert, Rezolv Energy/ Rezolv Energy, the Actis-backed independent power producer in Central and Southeastern Europe, through their project subsidiary First Looks Solutions S.R.L., have signed a 10-year Virtual Power Purchase Agreement (VPPA) in Romania with Bekaert, a global leader in steel wire transformation and coating technologies. This is one of the largest PPAs ever signed in the region. The deal will see Bekaert buy 100 GWh of additional renewable power per year, reducing annual emissions by more than 41 000 tonnes of CO2e. The power will come from the 461MW ‘VIFOR’ wind farm, which has been developed by Rezolv and Low Carbon in Buzău County, Romania.

  • Belgium Solar Photovoltaic (PV) Power Capacity Exceeded 6 GW in 2020 - Trends, Investments, Forecast, COVID-19 Impact, Renewable Market Watch

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    /26th February 2021, SolarPower Europe, RENEWABLE MARKET WATCHTM/ Belgium recorded its best year for new installations as cumulative installed solar photovoltaic capacity exceed 10 GW at the end of 2020. A study conducted by Ecofys, suggests that Belgium could set a renewable energy target between 22,5% and 27,2%. The association recommends an objective at 25% renewables minimum. Solar photovoltaic (PV) power in Belgium 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: 2021 ÷ 2030.  Each of Belgium’s three regions has its own regulatory framework for solar and renewable energy. The country has the potential to reach 18 GW of solar capacity by 2040, according to the grid operator Elia. Solar PV developments have very good prospects in Belgium as solar technology costs are going down.

  • Better Energy and Andel Join Forces to Build 15 Solar Energy Parks with a Power Capacity of up to 2 GWp

    /COPENHAGEN, January 9, 2024, 11:00 CET, Better Energy, Andel/ Andel and Better Energy have entered a joint partnership with the aim to construct 15 energy parks in Denmark between 2024 and 2028. Each partner will own 50% of the completed portfolio, with Better Energy managing the parks' development, construction and technical operation. The two companies have also outlined joint ambitions for energy storage and nature and biodiversity initiatives within the portfolio.

  • Boralex Signed its first PPA in the UK with Statkraft for 106MW Limekiln Wind Farm

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    /Edinburgh, United Kingdom, July 17, 2024, 9:30 BST, Boralex Inc./ Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce the securement of a power purchase agreement (PPA) for its flagship 106MW Limekiln Wind Farm near Thurso in Caithness, Scotland. Having successfully achieved a government-backed Contract for Difference (CfD) in Allocation Round 5 in September last year, Boralex has gone on to agree a PPA with Statkraft, one of the leading PPA providers in the UK, for a 3-year contract covering the period between commissioning of the wind farm, expected by the end of 2024, and the start of the CfD in April 2028.

  • Briska Gora Solar Photovoltaic Power Plant in Montenegro with Increased Capacity to 262 MW

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    /26th October 2020, Dnevne Novine, Crnogorski ekonomski portalBankar.me, RENEWABLE MARKET WATCHTM/ The Government of Montenegro stated that all preconditions have been created for the construction of the solar power plant "Briska Gora" on an area of ​​as much as 925.25 hectares, is twice as large as previously planned, Dnevne Novine writes. Amendments to the Spatial Development Plan in Ulcinj, Montenegro propose to increase the zone for the construction of a solar power plant from 467 hectares to 925.25 hectares. "It is proposed to increase the solar power plant's capacity from 118 MW to 262 MW". This is stated in the new government information on preparing documentation for the needs of development projects. Montenegro will need to invest in additional power generation capacity in the coming years to compensate expected decommissioning of the existing Pljevlja coal plant, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2020÷2030. The country has no infrastructure for natural gas distribution and does not currently extract oil, though the government is interested in oil and gas production in the Adriatic Sea.

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

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    /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.

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