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  • Renewable Market Watch™ published a new report Titled "Europe Solar Photovoltaic (PV) Power Market Outlook by Segment (Residential, Commercial, and Utility) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2030"

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    /LONDON, June 9, 2021,  PRNewswire/ Nowadays, there is an increased demand for solar power all over Europe. The cumulative installed solar photovoltaic (PV) capacity in Europe reached 151.7GW at the end of 2020, which is а 10 per cent increase compared to 138GW at the end of 2019, according to the recently published study Europe Solar Photovoltaic (PV) Power Market Outlook: 2021 ÷ 2030. Germany was the largest market in 2020, adding 4.8GW new capacity, followed by the Netherlands (2.8GW), Spain (2.6GW), Poland (2.2GW), and France (0.9GW). Amarenco, Axpo, BayWa r.e., Enel Green Power, Hanhwa Q-Cells, Huawei, Iberdrola, First Solar, Jinko, Lightsource bp, LONGi Solar and SMA, are among the key players in the market.

  • Renewable Market Watch™ published a new report Titled 'Western Balkans Solar Photovoltaic (PV) Power Market Outlook - Industry Analysis, Deal Tracking, Growth, Investment Volume, Country Ranks, Share, Size, Trends, and Forecast 2023 - 2032'

    /LONDON, December 12, 2022, 11:00 GMT, RENEWABLE MARKET WATCHTM/ 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.

  • Romania Solar Photovoltaic (PV) Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /16th April 2021, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the photovoltaic sector of the country 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 current cumulative installed PV capacity grew up from 29 MW in 2012 to over 1380 MW in 2020. 

  • Season's Greetings 2021 by Renewable Market Watch

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    /23rd December 2020, RENEWABLE MARKET WATCHTM/ The global energy system is undergoing rapid transformation. With the 2030 Sustainable Development Goals and the Paris Climate Agreement serves as inspiration, countries, cities, and corporations worldwide continue to take meaningful action on renewable energy development. 2019 was another historic year for the global renewable power sector mix over the past year. Renewable energy sources have continued to dominate new additions to the world’s power generation over the past year. Renewable capacity reached 2,537GW globally by the end of 2019, up 176GW from the previous year. More solar PV capacities were installed globally than any other power generation technology. Solar alone saw more new capacity deployed than fossil fuels and nuclear combined. Solar added almost twice as much capacity as its renewable peer, wind power. A total of 97.08GW of grid-connected solar photovoltaic (PV) capacity was installed globally in 2019, according to the International Renewable Energy Agency (IRENA). This led to a total global cumulative solar photovoltaic (PV) power capacity of over 580GW in 2019 after the solar exceeded the 300GW mark in 2016 and the 400GW level in 2018.

  • 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.

  • Serbia Plans to Implement Auctions for Development of Renewable Energy Projects

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    /12th November 2019, RENEWABLE MARKET WATCHTM/ The first wind and solar auctions are expected in Serbia in 2020. The projects that have already been started under a feed-in tariff mechanism will be completed under the existing regulations. According to the proposed amendments, incentive measures for privileged power producers would be given in the form of a premium, calculated as the difference between the price, with which the renewable energy producer has won the auction, and the market price of electricity. Furthermore, net metering for renewable energy is currently under consideration by the Ministry of Mining and Energy of Serbia. The country aims to cover 27% of its electricity demand with renewables by 2020, up from a target of 21.2% previously. Government plans assumed Serbia to add 1,092MW of installed renewable energy capacity by 2020, however at the end of 2018 if we exclude hydropower (most of which is large scale) the total cumulative installed renewable capacity in Serbia is only 399MW, according to calculations of the research department of Renewable Market Watch™. The biggest renewable energy progress in the country between 2015 and 2018 was due to wind energy projects.

  • Slovenian Petrol Group Enters Solar Power Market in Croatia with Portfolio of 22 MW Photovoltaic Projects

    /LONDON, February 18, 2022, 11:30 GMT, RENEWABLE MARKET WATCHTM/ Slovenian Petrol Group will invest in solar PV power plants in the Knin area of Croatia. These are three large solar power plants with a total installed capacity of 22 MW and the expected electricity generation capacity of 29 GWh as the projects completed permitting development in 2021. The solar power plants, whose total investment value is estimated at EUR 17 million, will start generating power at the beginning of 2023.

  • Tender Applications for Solar Power Plants in North Macedonia

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    /17th October 2019, RENEWABLE MARKET WATCHTM/ The Ministry of Economy of North Macedonia informed that a total of 44 bids have been received on a tender for the construction of solar photovoltaic power plants on private land with 27MW total installed capacity. Furthermore, for solar photovoltaic power plants on state land, 126 bids from interested investors have been registered for 62MW of total installed capacity. The Government will support investors with administrative approvals and complete all necessary procedures for the change of land status and developing detailed zoning plans of the sites for solar power plants deployment. The Republic of North Macedonia is very poor in primary energy resources. There are two major open-pit coal mines that supply two thermal power plants (TPPs) (TPP Bitola and TPP Oslomej), and two smaller open-pit mines that produce lignite for the industry and other sectors. The coal deposits of the mines adjacent to the power plants are of shallow heat value (lignite). Their capacities are limited, and the plants are due for retirement in about 10 - 15 years, according to calculations of the research department of Renewable Market WatchTM. The other key fossil fuels are oil and natural gas, which are imported. There is only one oil pipeline transporting crude oil from Thessaloniki, Greece to Skopje, North Macedonia's capital.

  • The Government of Kosovo Signed an Agreement with IFC to Support Development of a 50 MW Solar PV Power Plant

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    /29th January 2021, RENEWABLE MARKET WATCHTM/ The Government of Kosovo has recently signed an agreement with IFC to help attract a private partner to develop a 50 MW solar photovoltaic (PV) power plant under a structure. The Kosovo Solar project will be implemented through a competitive tender to achieve procurement of lower-cost solar energy. The Republic of Kosovo has a population of 1.8 million and the energy generation in the country is heavily dependent on two old lignite coal-fired power plants with high CO2 emissions. The coal-fired power plants, which cover 91% of the energy generation, reach the end of their operational life and will soon need serious investments for modernisation or decommissioning. Therefore, Kosovo needs viable energy alternatives to build a more flexible power generation strategy with the increased use of renewable energy. Kosovo has solar, wind, hydro and biomass resources available that are more than sufficient to meet the country's energy supply needs, has been mentioned in the regular update of 'Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2021÷2030'.

  • The Three Seas Fund Makes its First Energy Investment in RP Global-backed renewables developer Enery Development Gmbh.

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    /26th May 2021, 3SIIF/ The Three Seas Initiative Investment Fund, invests in RP Global-backed renewables developer Enery Three Seas Initiative Investment Fund S.A. SICAV-RAIF (‘3SIIF’, ‘the Fund’) announces that it has made its first investment in the energy sector, acquiring a significant interest in Enery Development GmbH (‘Enery’), an operations-led renewable energy developer. The existing shareholders, RP Global and Enery Management, will remain invested with a long-term vision to partner for growth within the Three Seas region. The investment is due to complete following merger control approvals. Enery owns a portfolio of 85MW of operating solar generation assets in Bulgaria, Czech Republic and Slovakia and has a significant development portfolio of over 2GW in a number of Three Seas countries, including Romania, Bulgaria, the Czech Republic and Slovakia. Solar Photovoltaic (‘PV’) generation has yet to be widely deployed in Central and Eastern Europe (‘CEE’) despite the ideal conditions with high levels of irradiation and availability of suitable land. The increasingly pressing requirement to decarbonise the CEE region is expected to present substantial opportunities for renewables investment in the near term.

  • Unlocking the Full Potential of Solar PV in the Balkans High-level Summit to Highlight the Many Renewable Opportunities in the Region

    /LONDON, November 14, 2022, 11:15 GMT, SolarPlaza, RENEWABLE MARKET WATCHTM/ The massive solar potential of the Balkans is ready to be unlocked. With nearly 2 GW of installed PV capacity, and over 26 GW of realistic market potential, stellar growth is forecasted for the region in the near future. The Solarplaza Summit Balkans - hosted in Zagreb, Croatia - will unite, connect and inspire regional and international PV professionals to help accelerate the sustainable energy transition in the Balkans. Renewable Market Watch™ is a media partner of the event.

  • Western Balkans Solar Photovoltaic (PV) and Wind Power Market Overview in 2019

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    /28th January 2019, RENEWABLE MARKET WATCHTM/ All the Western Balkan countries have committed to increasing their share of renewable energy by 2020 to reach between 25 and 40 percent of their energy mix, as part of their obligations under the Energy Community Treaty. Western Balkan countries are planning to build nearly 3,000 MW of new coal power plants. The construction cost of these power plants could exceed EUR 5 billion. This conflicts with the Paris Agreement's aim of limiting the average global temperature increase to 1.5 degrees Celsius. In contrast with the EU situation, where most countries are giving up building new coal plants and seven EU states are already coal-free. At the end of this month, Germany announced plans to end its reliance on coal power plants by 2038.

  • Western Balkans Solar Photovoltaic (PV) and Wind Power Market Reports 2020÷2030 with Trends, Investments, Financial Model, Analysis, COVID-19-Impact

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    /5th October 2020, RENEWABLE MARKET WATCHTM/ These market reports offer an incisive and reliable overview of the solar photovoltaic and wind power sectors of Western Balkan countries for the period 2020 ÷ 2030. Newly installed PV capacity and wind 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. The small wind market segment for turbines below 500 KW in many countries is not developed and is forecasted to score significant growth soon. All the Western Balkan countries have committed to increasing their share of renewable energy by 2020 to reach between 25 and 40 percent of their energy mix, as part of their obligations under the Energy Community Treaty.  Energy demand in the region is constantly increasing, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2020÷2030. Some countries have the possibility to exceed their electricity production demand needs with the support of renewable energy. Furthermore, Western Balkan countries are currently in the various EU membership joining status.

  • Western Balkans Solar Photovoltaic (PV) Power Market Report 2020÷2030 with Trends, Investments, Financial Model, Analysis, COVID-19 Impact

    Western Balkans Solar Photovoltaic PV and Wind Power Market Reports 20202030 small

    /5th January 2021, RENEWABLE MARKET WATCHTM/ This market report offer an incisive and reliable overview of the solar photovoltaic power sector of Western Balkan countries for the period 2020 ÷ 2030. 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. All the Western Balkan countries have committed to increasing their share of renewable energy by 2020 to reach between 25 and 40 per cent of their energy mix, as part of their obligations under the Energy Community Treaty.  Energy demand in the region is constantly increasing, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2020÷2030. Some countries have the possibility to exceed their electricity production demand needs with the support of renewable energy. Furthermore, Western Balkan countries are currently in various EU membership joining statuses.

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