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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.

  • Chinese Firm Sinomach Targets Investments in Renewable Energy Projects in Serbia

    /LONDON, November 10, 2021, 9:15 GMT, Tanjug, Serbian Ministry of Mining and Energy, RENEWABLE MARKET WATCHTM/ Serbian Minister of Mining and Energy Zorana Mihajlovic met on 19 November 2021 with representatives of the Chinese machinery company Sinomach. They discussed potential investments in the development of the energy sector and the economy in the context of Serbia's potential in the electricity and renewables sector.

  • Corporate Sourcing of Renewable Energy and Corporate PPAs with a Rapid Growth in Europe Informed Renewable Market Watch™

    /LONDON, June 28, 2021, 14:00 BST, EINPresswire/ With the increasing costs of electricity, fluctuations of fossil fuel prices, and unpredictability of these costs, the corporate renewable PPA market segment will play an increasing role in renewable energy capacity development in Europe by 2030, revealing the recently published study Europe Corporate Renewable PPA Market Report 2021 ÷ 2030. The potential for the renewable corporate sourcing market in Europe, which includes both power purchase agreements (PPAs) and other forms of corporate sourcing, is significant. Until 2018, wind accounted for 90% of the contracted capacity in Europe, but recent growth in solar PPAs has further driven market growth.

  • EBRD Platform Initiative in Support of Coal Regions in Transition in Western Balkans and Ukraine

    /28th January 2021, Vanora Bennett, EBRD, RENEWABLE MARKET WATCHTM/ The Organisations behind the Platform Initiative in Support of Coal Regions in Transition in Western Balkans and Ukraine agreed to join efforts to support the transition away from coal and towards a low-carbon and climate-resilient future in the Western Balkans and Ukraine. Participants including the European Bank for Reconstruction and Development (EBRD),World Bank Group, the College of Europe (Natolin campus), the Energy Community Secretariat, the European Commission and the government of Poland kicked off discussions on how to support the regions in phasing out coal while supporting local communities that remain economically dependent on the coal industry.

  • 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.

  • EBRD to Provide Financing about 36 MW Solar PV Power Plant near Lviv in Ukraine

    /27th April 2018, RENEWABLE MARKET WATCHTM, EBRD/ The EBRD supports a new 36 MW solar plant in western Ukraine as part of its commitment to making the energy mix in its countries of operations greener. The investment is made together with the Clean Technology Fund, the Bank’s partner in advancing green energy.

  • EBRD to Support Renewable Energy Transition in Western Balkans Region

    /1st October 2020, EBRD, RENEWABLE MARKET WATCHTM/ The EU has one of the most ambitious energy and climate policies in the world. Its clean energy transition is well underway. "I am glad that benefits already can be seen in terms of "greening" of economies, less dependency on imported fuels, and greater domestic investments in ecologically sound approaches", said Christian Danielsson, Director General for European Neighbourhood Policy and Enlargement Negotiations. 

  • EBRD, ADB and IFC to Provide Financing for a 100 MW Nur Navoi Solar (PV) Photovoltaic Power Plant in Uzbekistan

    Uzbekistan 100 MW Solar Photovoltaic PV Power Plant EBRD ADB IFC Finance small

    /24th December 2020, EBRD, RENEWABLE MARKET WATCHTM/  The European Bank for Reconstruction and Development (EBRD) shall provide financing for a 100 MW solar photovoltaic (PV) power plant in Uzbekistan. The plant is located in the Navoi region and is one of the first renewable energy projects in this country realised by the private investors. The engagement of the EBRD is providing an equity bridge loan of up to US$ 60 million to Nur Navoi Solar Holding for the construction and operation of the plant. The loan will allow the project investors Masdar, owned by Mubadala Investment Company, a global investment holding established and wholly owned by the Government of Abu Dhabi, to borrow the amount of equity it puts into the project. 

  • Increase of Investment Volume in the Ukraine Renewable Energy Market

    Solar and Wind Ukraine small

    /12th February 2019, RENEWABLE MARKET WATCHTM/ The Ukraine renewable energy market saw fast-paced development in the past years, reported Renewable Market Watch™. About EUR 2 billion have been invested in energy efficiency and renewable energy of Ukraine for the last four years, according to the State Agency on Energy Efficiency and Energy Saving (SAEE). Almost half of this amount (approximately € 800 million) was attracted in 2018. During the first half of 2018, roughly 270 MW of renewable capacity were installed at a feed-in-tariff in Ukraine to generate electrical power from renewable energy sources. It is a twofold increase over the same period of 2017 (127 MW) and exceeds the capacity installed for entire 2017 (257 MW). According to the study by the National Academy of Sciences of Ukraine, with appropriate investment, about 90% of the Ukrainian energy can be produced from renewable energy sources.

  • 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.

  • Renewable Market Watch™ to Participate in the Energy Action Day Organised by IRENA

    /LONDON, September 16, 2021, 9:30 BST, RENEWABLE MARKET WATCHTM/ The UN High-Level Dialogue on Energy aims to provide transformational action on the energy-related goals of the 2030 Agenda and support the implementation of the Paris Agreement. The world has less than nine years to achieve the goal of ensuring clean energy for all, and we are falling behind. Transformational energy transitions require dramatically upscaling renewable energy and energy efficiency and equally downscaling and phasing out coal and other fossil fuels while innovating for the future, to arrive at the global decarbonization goal required to achieve net zero by 2050.

  • Renewable Market Watch™ to Participate in the RE-Source 2021 Event on 14-15 October at the Okura Hotel in Amsterdam

    /AMSTERDAM, October 13, 2021, 9:00 BST, RENEWABLE MARKET WATCHTM/ The RE-Source Event is the annual gathering of corporate buyers and clean energy suppliers, where existing challenges are tackled and future solutions are born. Join us to learn, share experiences and do business with companies in Europe. The 2021 event will take place in the Okura Hotel in Amsterdam, the Netherlands, on 14-15 October. Exclusive activities will also be available to corporate buyers on 13 October. Whether you’re an experienced buyer or seller or new to the market, this is the event for you. Be part of our growing community, get inspired, and succeed in powering your business with clean electricity.

  • Romanian Solar Summit 2021 on 27 May 2021 in Bucharest at Intercontinental Hotel

    /20th May 2021, GOVNET, Romanian Photovoltaic Industry Association/ GOVNET Conferences and the Romanian Photovoltaic Industry Association invites you to attend the largest and most comprehensive conference dedicated to this sector in Romania. The event will not only be a place to exchange experience across the entire supply chain of the PV industry, but it will also create a platform for an in-depth analysis of the possible solar industry development in Romania.

  • 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.

  • SolarPower Summit 2021: Driving Sustainable Change: 10 – 12 May Online

    /15th March 2021, SolarPower Europe/ Join us for the second digital edition of the SolarPower Summit! The year 2021 is not just “any year”. Amidst the COVID-19 pandemic, European economies and industrial sectors have been under extreme pressure, and the lives of all Europeans have changed profoundly. The European Recovery Plan adopted by EU Member States in July 2020 aimed not only to mitigate the devastating impacts of the pandemic, but to seize a historic opportunity to revive our economies and industries, placing the fight against climate change at the heart of Europe’s future job creation and growth strategy.

  • The European Bank for Reconstruction and Development (EBRD) to Support Solar Power Development in Albania

    Belarus Solar Market small

    /26th October 2017, RENEWABLE MARKET WATCHTM/ The European Bank for Reconstruction and Development (EBRD) at the beginning of May 2017 has signed a memorandum of understanding (MoU) with Albania to help the country promote investment in solar PV power. Signed with the country’s Ministry of Energy and Industry, the MoU will enable the development of solar power projects through an auction system. The idea is to mobilize investment in Albania’s solar power so that the European country can reduce its dependence on energy imports and hydropower. This MoU aims to arrange and support the development of solar PV projects in Albania with a total capacity of between 50 MW and 100 MW through an auction-based system to apply the best international practices. The Albanian energy regulator (ERE) in August 2017 has set a regulated tariff €100 ($118.5)/MWh for PV projects with a capacity of up to 2 MW revealed Western Balkans Photovoltaic Market: Outlook 2016÷2025.

  • 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 European Solar Initiative (ESI) Launched by SolarPower Europe and EIT InnoEnergy

    /3rd March 2021, SolarPower Europe/ SolarPower Europe and EIT InnoEnergy launched the European Solar Initiative (ESI), with the support of EU Energy Commissioner Kadri Simson, EU Internal Market Commissioner Thierry Breton, and French Minister Delegate for Industry Agnès Pannier-Runacher. The ESI aims to accelerate Europe’s climate agenda and economic recovery, contributing to the delivery of the European Green Deal’s objectives.

  • Trina Solar introduces the 670W Vertex Module with up to 21.6% efficiency

    /11th March 2021, Trina Solar/ Trina Solar Co., Ltd., a leading global solar photovoltaic (PV) and smart energy total solution provider, today officially unveiled a new generation of ultra-high power Vertex modules with a single panel power of up to 670W. The series has obtained the IEC certification from TÜV Rheinland after passing complete reliability tests, and realized mass production. This marks an even higher milestone in the PV 6.0 era and demonstrates that 600W+ is unstoppable in the future.

  • Ukraine's green energy transition between the new cost-effective renewable technologies and heritage of old power generation units

    Ukraine Renewable Power Market Outlook 2020 2030 small

    /15th December 2020, RENEWABLE MARKET WATCHTM/ Before we start, please let us remind you the fact that Renewable Market Watch™ was the pioneer which more than eight years ago published the first-ever (and subsequently proven to be completely precise) detailed analyses concerning Ukraine’s renewable energy market. Taking into consideration that the country has achieved remarkable progress in this field since then, now we have the honour of presenting you the following updated prospect that aims to define the feasible development of sustainable energy sources in Ukraine in the foreseeable future. More precisely, the present prognosis is based on thorough insight into the country’s current situation, including its strategic conception, economic condition, national energy policy, and delicate political climate. In fact, Ukraine is currently facing the difficulties of continuing to follow the chosen direction of increasing both green energy and biofuels proportion, while decreasing coal and gas power plants dependence. For this reason, our present analysis assumes Ukraine’s overall vision of a possible transformation from non-renewable conventional energy production to probable wide accomplishment of renewable energy projects. To sum up, in the following lines, we are going to introduce our point of view not only on the respective issues that Ukraine is presently dealing with, but also on the opportunities on its way to green energy transition.

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