/LONDON, December 12, 2022, 11:00 GMT, RENEWABLE MARKET WATCH^TM/ This market report offer an incisive and reliable overview of the solar photovoltaic power sector of Western Balkan countries for the period 2023 ÷ 2032. Newly installed PV capacity in this region will exceed several GWs in the next 5 years. The number of fully permitted and ready-to-build projects is promptly increasing. The rooftop solar PV market segment in many countries is not developed and is forecasted to score significant growth soon. Energy demand in the region is constantly increasing, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2023÷2032. Some countries can exceed their electricity production demand needs with the support of renewable energy. Furthermore, some Western Balkan countries are currently in various EU membership joining statuses.

/14^th January 2021, RENEWABLE MARKET WATCH^TM/ 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 12^th largest country and also the 7^th 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.

/LONDON, October 12, 2021, 10:00 BST, RENEWABLE MARKET WATCH^TM/ 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 12^th largest country and also the 7^th 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.

/17^th July 2017, RENEWABLE MARKET WATCH^TM, 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.

/Swindon/Essen, September 3, 2024, 9:30 BST, RWE/ RWE, the UK’s leading power producer, has been awarded Contracts for Difference (CfD) for five of its renewable energy projects in the latest Allocation Round 6 (AR6). The CfD awards have been made to RWE by the Low Carbon Contracts Company, on behalf of the UK Government, following successful bids for two onshore and three solar PV projects (see table below). The inflation-indexed strike price for RWE’s onshore projects was £50.9/MWh and for solar £50.07/MWh (based on 2012 prices).

/Essen/Rome, December 4, 2024, 9:00 GMT, RWE/ RWE was successful in the Italian Resilience and Recovery Plan auction, awarding contract for difference tariff and up to 40% return on investment for advanced Agri-PV. The 9.8 megawatt (MWac) Morcone and 9,3 MWac Acquafredda advanced Agri-PV plants, located in the province of Benevento in the Campania region, were awarded. Construction of the more than 32,500 solar modules is scheduled to begin in early 2025, with commissioning scheduled for the end of next year.

/ESSEN/ROME, February 13, 2025, 9:00 CET, RWE/ RWE has started the construction of its first commercial scale Agri-PV plants. The 9.8 megawatt (MWac) Morcone and 9.3 MWac Acquafredda advanced Agri-PV projects are located in the province of Benevento in the Campania region. More than 32,500 solar modules will be installed here in total. Together the two projects will be able to supply more than 13.000 Italian households with green electricity. Commissioning is scheduled for the end of the year. Both projects were successful in the recent Italian Recovery and Resilience Plan auction.

/30^th July 2018, RAWI, RENEWABLE MARKET WATCH^TM) 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.

/1^st April 2021, EBRD, Serbian Ministry of Mining and Energy, RENEWABLE MARKET WATCH^TM/ 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.

/2^nd 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.

/23^rd December 2020, STEAG, RENEWABLE MARKET WATCH^TM/ 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. 

/12^th March 2019, RENEWABLE MARKET WATCH^TM/ 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..

/21^st 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.

/LONDON, March 16, 2023, 11:00 GMT, RENEWABLE MARKET WATCH^TM/ Between 2012 and 2022, the Western Balkan Countries increased their solar power capacity 11 times. Western Balkans became one of the fastest-growing regions in Europe, with a 28.1 per cent increase in cumulative solar photovoltaic (PV) installed capacity in 2022 compared with 2021. The number of fully permitted and ready-to-build projects is promptly increasing. The rooftop solar PV market segment in many countries in this region is underdeveloped and is forecasted to grow significantly. Energy demand in the region is constantly increasing, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2023÷2032. Some countries can exceed their electricity production demand needs with renewable energy support. 

/4^th August 2020, EBRD, RENEWABLE MARKET WATCH^TM/ Zhanatas Wind-Power Station LLP, a special purpose entity incorporated in the Republic of Kazakhstan to implement the Project, will act as a borrower. The borrower will be jointly owned by China Power International Holding Ltd. (China) and Visor Investment (Kazakhstan). The technical due diligence update will be co-financed by the Clean Technology Fund.