Menu
  • Global Wind Service Finished Half of the Installation Works of Wind Turbines for Alibunar Wind Farm in Serbia

    /11thMay 2018, Global Wind Service, RENEWABLE MARKET WATCHTM/At the beginning of April 2018 Global Wind Service (GWS) reported half of the installation works at Alibunar Wind Farm in Serbia when a team of GWS technicians completed the installation of turbine number 12 out of a total of 21. Senvion awarded GWS with unloading, pre-assembly and installation of the 21 Senvion MM100 turbines.

  • Hungary Renewable Energy Transition Presents New Excellent Opportunities for Investors and Developers in Solar Photovoltaic (PV) and Wind Power Projects

    Hungary Solar Photovolaic and Wind Power Market Opportunities 2021 2030 small

    /LONDON, September 29, 2021, 10:30 BST, RENEWABLE MARKET WATCHTM/ The country’s primary strategy to meet the growing need for power includes reducing energy dependence by increasing energy efficiency, renewable resources, natural gas, nuclear sources and connecting to the European power infrastructure. The country imports nowadays approximately 30% of its power (the main import countries are Slovakia, Austria, and Ukraine, while the main export countries are Croatia and Serbia). Hungary is ranked among the top 10 countries by attractiveness for solar photovoltaic (PV) energy by the Renewable Market Watch in their yearly updated "Attractiveness index for solar photovoltaic (PV) energy investments in Central-East Europe (CEE) and South-East Europe (SEE) countries in 2021". Between 2015 and 2020, cumulative installed solar power capacity in Hungary registered an impressive 11-fold increase. In June 2020, Hungary adopted a new law making the net-zero emission target by 2050 a binding obligation. This law is part of a broader change in the country’s energy and climate policies.

  • Kazakhstan New Auction System for Renewable Energy (Solar, Wind, Biomass, Hydro, Geothermal)

    Valuation of renewable energy projects small

    /24th August 2017, RENEWABLE MARKET WATCHTMKazakhstan will switch to the mechanism of auctions to develop renewable sources of energy from the beginning of 2018. At the end of 2016, total number of 44 countries of the world is successfully applying an auctions system instead of fixed feed-in tariff support systems. Some of the largest global energy companies will be involved in developing renewable energy power plants in Kazakhstan. Aqua Power, Eni-Agip, General Electric, Shell, SANY Group, Hydro China, and many others are among them. Kazakhstan plans to generate 50 percent of its electricity from renewable and alternative energy sources according to President Nazarbayev’s ambitious 2050 strategy. This strategy is a part of the country’s comprehensive initiative to transfer itself from one of the world’s major hydrocarbon energy producers to a model green economy.

  • Kazakhstan Renewable Power Market and World Expo 2017 - Future Energy

    Expo 2017 small

    /30th June 2017, RENEWABLE MARKET WATCHTM/ Specialized Expo 2017 was officially opened on 10 June in Astana, the capital of the Republic of Kazakhstan. The Expo, which is taking place on a site covering 25 hectares, will be open to the public until 10 September 2017. The BIE Member States elected Kazakhstan as the host of Expo 2017 during the General Assembly of 22 November 2012, and Expo 2017 Astana was formally recognized by the General Assembly on 11 June 2014. Expo 2017 is being organized under the theme Future Energy. This, along with the three subthemes – Reducing CO2 Emissions, Living Energy Efficiency, and Energy for All – allow the Expo to present the state of energy today and to showcase sustainable solutions and innovative technologies. Expo 2017 organizers expect over 5 million visits during the 93 days that it is open.

  • Kazakhstan to Focus on Renewable Energy for Power Generation Mix Diversification and Improvement

    Kazakhstan to Focus on Renewable Energy small

    /13th August 2018, RENEWABLE MARKET WATCHTM/ More than 70 per cent of Kazakhstan’s electricity is produced in ageing coal-fired plants, served by the large volumes of cheap local coal in the northeast part of the country according to Kazakhstan Wind Power Market Outlook 2017÷2026. Consequently, the energy sector, in particular power and heat generation, accounts for 80 per cent of the country’s carbon emissions. Electricity in Kazakhstan is generated by 128 power plants of various forms of ownership. As of 1 January 2017, the total installed capacity of the power plants in Kazakhstan was 21,672.9 MW; and the available capacity was 18,791.4 MW. According to KEGOC in 2017 Kazakhstan saw the increase in electricity generation and consumption compared to 2016: electricity generation grew by 8.8% (or by 8.3 billion kWh) and amounted to 102.4 billion kWh; electricity consumption grew by 6% (or by 5.5 billion kWh) to 97.9 billion kWh.

  • 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.

  • MK Fintel Wind is expected to commission 6.6 MW wind farm in Serbia in 2016

    /23rd March 2016, RENEWABLE MARKET WATCHTM/ MK Fintel Wind is now constructing its second wind farm project in Serbia – the 6.6 MW La Piccolina project in Vrsac, located in Vojvodina province and expects to commission it by the end of Q3 2016.

  • New Wind Farms in Serbia Supported by International Finance Corporation (IFC)

    /7thMay 2018, IFC, RENEWABLE MARKET WATCHTM/ Fossil fuels are, worldwide, the most important energy resource at the moment. Still, at the same time, they are the main source of air pollution and excessive heating of the lower tiers of the atmosphere. In Serbia, more than half of electricity generation stems from outdated coal-fired plants.

  • Podvelezje Wind Farm Construction with 48 MW Capacity Started in Bosnia and Herzegovina

    Podvelezje Wind Farm Bosnia and Herzegovina small

    /17th May 2020, EPBiH, RENEWABLE MARKET WATCHTM/ In the Podveležje region of Bosnia and Herzegovina, works have begun in the beginning of this week on the construction of 15 wind turbines with the accompanying foundations of the "Podveležje 1" wind farm with 48MW power capacity, which officially opened the construction site, reported the Renewable Market Watch™. After the mobilization and establishment of container accommodation for the stay of the contractor's staff, drilling the ground for the placement of explosives, work began on the excavation of pits for the foundations of future wind turbines. The terrain for the future two foundations was blown up, and the works will continue with the planned dynamics in the coming weeks. In order to ensure safety during blasting, all legal measures have been taken beforehand. The contractor for the construction of the Wind Farm is the consortium between Croatian branch of Siemens Gamesa Renewable Energy Ltd. and Wind Power A/S from Denmark. On the construction of foundations and execution of blasting works, engaged as domestic companies HP Investing doo Mostar and Blasting doo Sarajevo. The wind farm "Podveležje" is financed by credit funds the German Development Bank - KfW and its own funds Elektroprivreda BiH.

  • Recent Wind Energy Market Developments in Russia

    /28th November 2017, RENEWABLE MARKET WATCHTM/ In 2016, the Russian Federation, together with 118 countries, all in all, responsible for 75 per cent of global emissions, signed the Paris Agreement. This outcome of the UN Climate Change Conference COP21 in Paris was adopted by consensus on 12 December 2015. The Russian Federation is one of the world’s largest emitters and fossil fuels producers. Consequently, it has a large mitigation potential and could play a major role in international climate policy.

  • Romania Wind Power Market Outlook 2020÷2030 with Trends, Investments, Wholesale Electricity Price Forecast, Financial Model of 50 MW Wind Farm, Analysis, COVID-19 Impact

    Romania Wind Power Market Outlook 20202030 small

    /14th January 2021, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the country's solar photovoltaic sector 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 country had cumulative wind power installed capacity of 14 MW at the end of 2009. Following explosive growth only for four years between 2010 and 2014 cumulative installed capacity exceeded 2,844MW (2.84GW) by the end of 2014. Romania’s potential in wind energy is considered to be the highest in South-Eastern Europe. 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. 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.

  • Romania Wind Power Market Outlook 2021÷2030 with Trends, Investments, Wholesale Electricity Price Forecast, Financial Model of 50 MW Wind Farm, Analysis, COVID-19 Impact

    Romania Wind Power Market Outlook 20202030 small

    /LONDON, October 12, 2021, 10:00 BST, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the country's solar photovoltaic sector for the next long term period 2021 ÷ 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 country had cumulative wind power installed capacity of 14 MW at the end of 2009. Following explosive growth only for four years between 2010 and 2014 cumulative installed capacity exceeded 2,844MW (2.84GW) by the end of 2014. Romania’s potential in wind energy is considered to be the highest in South-Eastern Europe. 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. 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.

  • Russia Creates State-backed Wind Energy Investment Fund with €1.4 Billion Target Amount

    kazakhstan wind turbines small

    /17th July 2017, RENEWABLE MARKET WATCHTM, RAWI, RIA/ Russian Association of the Wind Power Industry (RAWI) and Russian Investment Agency “Invest in Russia” (RIA) signed an agreement on the creation of the “Wind Energy Fund” with a target amount of funds of 100 billion RUB (€ 1.4 billion). The main goal is to invest in the creation of wind power. The term of the fund is set at 15 years with the possibility of prolongation. The investment period is not more than 7 years; the target rate of return on projects is at the level of 15%. The main feature of creating an investment fund is using the mechanism of state guarantees of return of funds. According to Russia Wind Power Market Outlook 2016 - 2025, the country has abundant oil, gas and coal production capacity backed up by enormous reserves. Still, it also has the potential to be a giant in the area of renewable energy.

  • Sarens NV Finished Installation of 7 Wind Turbines in Belarus

    /30th July 2018, RAWI, RENEWABLE MARKET WATCHTM) The Republic of Belarus is situated in Eastern Europe at the crossroads of strategic transit pipelines for gas and oil, connecting Western Europe, the Russian Federation and Asia. The landlocked country’s electricity system is interconnected with Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania to the northwest.

  • Serbia and EBRD signed a Memorandum of Understanding (MoU) to Cooperate in Renewable Energy Sources and Clean Energy Transition

    /1st April 2021, EBRD, Serbian Ministry of Mining and Energy, RENEWABLE MARKET WATCHTM/ Deputy Prime Minister and Minister of Mining and Energy Prof. Zorana Mihajlovic talked at the end of March 2021 with the President of the European Bank for Reconstruction and Development (EBRD) Odil Rene-Baso, who is on a virtual visit to Serbia, and on that occasion signed a Memorandum of Understanding between the Ministry and EBRD, which aims to provide a framework for cooperation with the aim of improving air quality, promoting the use of renewable energy sources for the production and distribution of thermal energy in Serbia and increasing energy efficiency.

  • Siemens Gamesa Renewable Energy (SGRE) to Assemble Wind Turbines Nacelles in Russia

    /2nd November 2018, David Weston, WindPower Monthly/ Siemens Gamesa Renewable Energy (SGRE) has signed a cooperation agreement with Siemens Gas Turbine Technologies (SGTT) to assemble wind turbine nacelles in Russia. SGTT, a gas turbine manufacturing joint venture involving SGRE’s majority shareholder Siemens, operates a 12,700 square metre facility in the outskirts of St Petersburg, western Russia.

  • STEAG Sells Crucea Wind Farm with 108 MW Power Capacity in Romania to the State-Controlled Company Hidroelectrica

    /23rd December 2020, STEAG, RENEWABLE MARKET WATCHTM/ The German company STEAG sells its Romanian onshore Wind Farm Crucea to the Romanian producer of renewable energies Hidroelectrica. This has to be seen in connection with the strategic realignment of STEAG, concerning the new company’s strategy to focus on the French wind energy market. STEAG currently operates wind farms in both France and Germany. 

  • Two Wind Farms with 44.4 MW Capacity to Start Commercial Operation in Greece

    /12th March 2019, RENEWABLE MARKET WATCHTM/ The two windfarms with a combined operating capacity of 44.4 MW, divided between Eressou Ipsoma-Fourka (operating capacity 36MW) and Lefkes-Kerasia (operating capacity of 8.4MW) shall be commissioned by the end of H1 2019 in Greece, according to the Renewable Market Watch™. Combined, they will host 22 wind turbines installed on complex high altitude terrain (exceeding 1.400m), and will be connected to the transmission grid via a new MV/HV Substation and respectively 8.5 km and 16km of MV underground cable..

  • Vestas Signed Framework Agreement with Fortum Energy for Russian Wind Power Market

    /21st December 2017, VESTAS/ Following the success of Vestas and OOO Fortum Energy in Russia’s first wind energy auction, the two companies have signed the first order of a binding framework agreement. The framework agreement engages Vestas to supply its 4 MW platform for wind energy projects in the world’s fourth largest electricity market, while the order includes 14 V126-3.6 MW turbines for a 50 MW project at an undisclosed site. The announcement references company announcement no. 25 of 21 June 2017.

×
This website uses cookies to enhance your browsing experience.