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  • Clouds Over the Horizon of the Largest Wind Power Plant Projected in Latvia

    Wind turbines by serdarguler2 small

    /27th May 2019, RENEWABLE MARKET WATCHTM/ SIA Eolus, a subsidiary of Sweden's Eolus Vind AB plans to build a €250m wind farm in Dobele and Tukums municipalities. This landmark wind farm project in Latvia has been included in the Central East and South East Europe Wind Power Market Outlook 2018÷2027, reported the Renewable Market Watch™. Eolus said that a total of 51 turbines are to be set up, with annual electricity production at 0.7 TWh - about 10% of Latvia's yearly energy consumption. "The growing efficiency of wind turbines makes setting up a new wind farm economically feasible. It is and will remain the cheapest renewable energy source, and we're going ahead with the new wind farm no matter what renewable energy policies Latvia adopts in the future," said Gatis Galviņš, board member at Eolus. Construction was planned to start in 2019 and conclude by 2022. Eolus Vind AB is one of the largest wind farm operators in Sweden, having built 540 out of the country's 3400 wind turbines. It is listed on Stockholm's Nasdaq exchange. The net electricity consumption in Latvia totalled 580 286 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 43.52 EUR/MWh. Local generation covered 86% of national consumption.

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

    Podvelezje Wind Farm Bosnia and Herzegovina small

    /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.

  • Bulgaria Wind Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /25th February 2021, RENEWABLE MARKET WATCHTM/ This is the first-ever made thorough and detailed market report, which offers an incisive and reliable overview of the wind energy sector of Bulgaria for the next long term period 2020 ÷ 2030. The number of fully permitted and ready to build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry.

  • Bulgaria Wind Power Market: Outlook 2022 - 2031 - Trends, Forecasts, Investments, Opportunities, Analysis,

    /LONDON, October 3, 2022, 11:00 BST, RENEWABLE MARKET WATCHTM/ This is the first-ever made, a thorough and detailed market report, which offers an incisive and reliable overview of the wind energy sector of Bulgaria for the next long-term period 2022 ÷ 2031. The number of fully permitted and ready-to-build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry.

  • Bulgarian Commission on Protection of Competition Approved the Acquisition of 42 MW Wind Farm of MET Group from Enel Green Power

    MET Group Acquires 42 MW Wind Farm in Bulgaria from Enel Green Power Small

    /18th January 2021, RENEWABLE MARKET WATCHTM/ Bulgarian Commission on Protection of Competition Approved the Acquisition of 42 MW Wind Farm of MET Group from Enel Green Power. 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 SPV companies that own 14 wind turbines of 3 MW each, 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.

  • Central East and South East Europe Wind Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /12th January 2021, RENEWABLE MARKET WATCHTM/ This is the first-ever made a thorough and detailed market report, which offers an incisive and reliable overview of the wind energy sector of Central East Europe (CEE) and South-East Europe (SEE) countries for the next long term period 2020 ÷ 2030. The number of fully permitted and ready to build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry. The small wind market segment for turbines below 500 KW in many countries is not developed and forecasted to score significant growth in the near future.

  • Central East and South East Europe Wind Power Market: Outlook 2021 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /LONDON, October 12, 2021, 10:45 BST, RENEWABLE MARKET WATCHTM/ This is the first-ever made thorough and detailed market report, which offers an incisive and reliable overview of the wind energy sector of Central East Europe (CEE) and South-East Europe (SEE) countries for the next long term period 2021 ÷ 2030. The number of fully permitted and ready to build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry. The small wind market segment for turbines below 500 KW in many countries is not developed and is forecasted to score significant growth in the near future.

  • Central East and South East Europe Wind Power Market: Outlook 2022 - 2031 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /LONDON, June 7, 2022, 10:45 BST, RENEWABLE MARKET WATCHTM/ This is the first-ever made, a thorough and detailed market report which offers an incisive and reliable overview of the wind energy sector of Central East Europe (CEE) and South-East Europe (SEE) countries for the next long term period 2022 ÷ 2031. The number of fully permitted and ready-to-build projects is promptly increasing. This study is intended to provide the reader with an overview of the economics and regulation of the industry. The small wind market segment for turbines below 500 KW in many countries is not developed and is forecasted to score significant growth in the near future.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Wind Energy Potential in Belarus

    Wind Turbines small

    /19th September 2017, RENEWABLE MARKET WATCHTM/ Belarus is located in the centre of Europe. The territory accounts 207.6 thousand km2, and the population is 9.51 million people (2016). Belarus cannot cover its demand for energy with domestic sources because its mineral resources and renewable energy sources (RES) are quite limited according to Belarus Photovoltaic Market: Outlook 2016 ÷ 2025. The country has to import fuels and energy, mainly from the Russian Federation. The share of the net import of total primary fuel and energy consumption is about 85 % (2016). Belarus ratified the UNFCCC in 2000 and the Kyoto Protocol in 2005. It submitted its first National Communication to the UNFCCC in 2003, followed by communications in 2006, 2009 and 2013. For the second Kyoto Protocol commitment period (2012-2020), Belarus committed to cut emissions by 8% compared to 1990, which was later increased to 12%. It has also initiated a process to join the Annex B of the Kyoto Protocol to become eligible for carbon emission trading.

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