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  • Belgium Solar Photovoltaic (PV) Power Capacity Exceeded 6 GW in 2020 - Trends, Investments, Forecast, COVID-19 Impact, Renewable Market Watch

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    /26th February 2021, SolarPower Europe, RENEWABLE MARKET WATCHTM/ Belgium recorded its best year for new installations as cumulative installed solar photovoltaic capacity exceed 10 GW at the end of 2020. A study conducted by Ecofys, suggests that Belgium could set a renewable energy target between 22,5% and 27,2%. The association recommends an objective at 25% renewables minimum. Solar photovoltaic (PV) power in Belgium had a strong performance in 2020 despite the negative health, social and economic effects of the COVID-19 (Coronavirus) pandemic, revealed the recent update of Europe Solar Photovoltaic (PV) Power Market Outlook: 2021 ÷ 2030.  Each of Belgium’s three regions has its own regulatory framework for solar and renewable energy. The country has the potential to reach 18 GW of solar capacity by 2040, according to the grid operator Elia. Solar PV developments have very good prospects in Belgium as solar technology costs are going down.

  • Bulgaria and Romania with Gigawatt New Capacity Additions in Solar Photovoltaic (PV) Power by 2024

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    /18th December 2020, RENEWABLE MARKET WATCHTM/ Solar photovoltaic (PV) power in the European Union had a strong performance in 2020 despite the negative health, social and economic effects of the COVID-19 (Coronavirus) pandemic, revealed the recent update of Europe Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030.  The EU member states installed 18.2GW of solar power capacity in 2020, an 11% improvement over the 16.2GW deployed in the previous year, according to the recently released report EU Market Outlook for SolarPower 2020-2024 by SolarPower Europe. With minimal solar power installation activity in Bulgaria and Romania in the last few years, the prediction model of SolarPower Europe shows the up-and-coming gigawatt new solar photovoltaic (PV) capacity addition opportunities for Bulgaria and Romania by 2024. SolarPower Europe’s growth assumptions are much higher than the targets formulated by EU member states in their National Energy and Climate Plans (NECP). But with drivers for solar energy in Europe only getting stronger, the foundation is laid for further rapid growth in the coming years.

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

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    /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.

  • 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.

  • City of Innovation and Re-birth: Why the Largest Sustainable Energy Event is Coming to Berlin

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    /BERLIN, October 18, 2021, 9:30 CET, EIT InnoEnergy, RENEWABLE MARKET WATCHTM/ Berlin is perhaps best known for the Berlin Wall, which physically divided the city between East and West Germany for 28 years, finally coming down in late 1989. Since German reunification in 1990, the decades that followed have been defined by re-building and innovating. Of course when we announced Berlin as the location of The Business Booster 2021 we had no way of knowing that the world, and the economy along with it, would come to a screeching halt with the corona virus. However as TBB 2021 will now serve as the meeting place for innovators and industry for the first time in many months, we could not be headed to a better and more symbolic place for the re-building of Europe’s economy through innovation and sustainability. 

  • Corporate Renewables 2020 Launches, 100% round table event focussed on Corporate PPAs

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    /7th November 2019, RENEWABLE MARKET WATCHTM/ Shareholders, employees, customers and a wide range of stakeholders require corporate businesses to show a tangible, impactful commitment to renewable energy. As global energy usage and needs are re-defined by these groups, corporates are increasingly focused on reducing their environmental footprint and securing lower energy costs. Corporate PPAs enable companies to achieve their carbon emission reduction goals and are gaining momentum globally. This brings us to launch Corporate renewables 2020 in London, March 11-12. The size and frequency of deals have increased quickly in recent years to more complex and innovative buyer consortia, VFA and proxy swap agreements. However, in Europe, the business model for PPAs is yet to reach its potential. The total volume of corporate renewable PPAs signed in Europe in 2018 amassed to 1.9 GW while in the States it reached 8.5 GW. Corporate Renewables 2020 is not a conference or a summit. The event delivers a series of curated networking experiences designed to help you to assess the economic viability of corporate renewable PPAs, learn about innovative deal structures and understand how they can be applicable to your company. 

  • 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.

  • Current State of the Solar Photovoltaic Energy Market in Romania

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    /23rd September 2019, RENEWABLE MARKET WATCHTM/ The solar photovoltaic development in Romania was started with small scale photovoltaic installations below 30 KW in 2006. Contrary to the rapid expansion of the wind market in Romania, the photovoltaic power capacity remained relatively unchanged by the end of 2011. With the introduction of support mechanisms in the law in 2008 and the subsequent amendments in 2010, 2011 and 2012, the Romanian photovoltaic energy market started growing since the second half of 2012. Thus, the country's solar PV market performed impressive growth in 2013 and was amongst the best performing solar markets in the world. Romania had a cumulative photovoltaic installed capacity of only 41MW for 2012 and only for one year, this capacity exceeded 1,293MW (1.29 GW) by the end of 2014, which was a more than a 20-fold increase from the 2012 level. Romania finished the year 2013 at fourth place in Europe by installed new photovoltaic capacity measured on a year-on-year (y-o-y) basis.

  • Decarbonising the industry blog series: Mobility

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    /BERLIN, October 25, 2021, 9:30 CET, EIT InnoEnergy, RENEWABLE MARKET WATCHTM/ The pandemic we are currently in is driving a multitude of changes across the world. While, undoubtedly, many of the impacts have been devastating, there are some developments which bear great promise for the future. Interestingly enough, some of the most significant and positive of these changes happen right in front of us – in our cities, particularly large and densely populated urban areas. New trends are emerging that are pushing urban centres in Europe and around the globe to adopt exciting new models that put citizens and their life quality front and centre.

  • Europe Corporate Renewable PPA Future Market Development, Trends and Opportunities

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    /19th November 2019, RENEWABLE MARKET WATCHTM/ Worldwide, renewable energy generators are entering into power purchase agreements (PPAs) with corporations, due to the falling price of renewable power. Furthermore, electricity markets are changing and around the world electricity regulation is also changing to meet the requirements of the accelerating energy transition. Many government policies and regulations are moving in the direction of carbon emissions reduction, more liberalization, smart grids combined with greater flexibility and easier market access for end-users. The result is a combination of a stronger policy focus on environmental goals and reduced government control and supervision of national electricity markets. These trends have the potential to give consumers a greater role in electricity markets than ever before. Many government commitments in Europe to manage climate change can be met with the implementation of clean energy transition programs and with the support of corporate renewable PPA structures, reveals the recently published study ’Europe Corporate Renewable PPA Market Report 2019 ÷ 2028’. This study considers the whole array of options available to corporates looking to source renewable electricity in Europe. Despite the less developed corporate renewable PPAs market in Europe compared to the USA, the Renewable Market Watch™ predicts increased support and acceptance of the corporate renewable PPA model in European countries in the next decade.

  • Europe Corporate Renewable PPA Market Report 2021 - 2030 Trends, Investments, Growth, Prices, Laws, Country Profiles, Opportunities and Forecast

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    /LONDON, November 19, 2021, 10:00 GMT, RENEWABLE MARKET  WATCHTM/ Corporate renewable energy sourcing continues to boom across Europe. Power purchase agreements (PPAs) and on-site sourcing are set for another record year. With months to go, the volume of PPAs signed in 2021 has already surpassed the 3.5GW signed in 2020, making 2021 the eighth record year in a row. European Commercial and Industrial on-site installations are also enjoying rapid growth, with forecasts showing they could reach a total capacity of 407GW by 2030. The current sharp increase and volatility in energy prices are likely to support the corporate renewable PPAs demand in Europe. Many companies look to hedge against unpredictable energy prices, according to the Europe Corporate Renewable PPA Market Report 2021÷2030. This independent, 230+ page study of Renewable Market Watch™ analyzes the corporate renewable PPA market in 44 European countries.

  • Europe Leads the Global Clean Energy Transition with Binding Renewable Energy Target for the EU for 2030 of 32%

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    /14th June 2018, Strasbourg, EU Commission/ An ambitious political agreement on increasing renewable energy use in Europe was reached today between negotiators from the Commission, the European Parliament and the Council. Today's deal means that two out of the 8 legislative proposals in the Clean Energy for All Europeans package (adopted by the European Commission on 30 November 2016) have been already agreed by the co-legislators. On 14 May, the first element of the package, the Energy Performance in Buildings Directive, was adopted. Thus, progress and momentum towards completing the Energy Union is well underway and the work started by the Juncker Commission, under the priority “a resilient Energy Union and a forward-looking climate change policy" is delivering its promises. The new regulatory framework includes a binding renewable energy target for the EU for 2030 of 32% with an upwards revision clause by 2023. This will greatly contribute to the Commission's political priority as expressed by President Juncker in 2014 for the European Union to become the world number one in renewables.

  • Europe Net Metering and Self-Consumption Solar Photovoltaic (PV) Market is Growing: Prosumers, BIPV, Energy Storage, Distributed Generation, Off-grid, Electric Vehicles, Trends, Investments, Forecast by 2030, Renewable Market Watch

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    /22nd March 2020, RENEWABLE MARKET WATCHTM/ The current levels of dependence on fossil fuels, the need of reducing the carbon emissions associated with energy use and the prospects of developing a new and highly innovative European technology sector make distributed solar photovoltaic energy generation increasingly attractive. To understand how we may unlock the self-generation potential, the analysis Europe Net Metering and Self-Consumption Solar Photovoltaic (PV) Market Outlook 2021 – 2030 has been conducted with primary research, interviews, first-class sources of information, case studies and desk research. Based on our findings, the study drew conclusions and recommendations on developing a more comprehensive policy and regulatory framework for residential and commercial prosumers. Today, renewable energy sources have become a significant contributor to the energy transition occurring in Europe. According to the EU Green Deal, substantial fossil fuel capacity needs faster decommissioning to ensure that the EU reduces carbon-intensive power plants by 2030. The rate of replacement of carbon-intensive energy sources by renewable energy to date has already resulted in GHG emissions reductions in the EU electricity sector. Residential and commercial prosumers installing rooftop and building-integrated (BIPV) solar photovoltaic systems and energy storage shall have a vital role in the European clean energy transition by 2030.

  • Europe Net Metering and Self-Consumption Solar PV Market Grew 18.2 Percent in 2017

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    /30rd April 2018, RENEWABLE MARKET WATCHTM/ Investment in solar photovoltaic (PV) power capacity is growing in Europe, and, although utility-scale solar photovoltaic (PV) power plants with capacity above 1 MW continue to dominate the market, distributed solar is also growing rapidly. There is clear trend solar photovoltaic (PV) sector’s growth in Europe is moving towards self‑consumption and net metering according to recently published report Europe Net Metering and Self-Consumption Solar PV Market Outlook 2017 - 2026. According industry analysts of Renewable Market Watch™, this trend may be expected to continue, as the EU administration is working to establish new more effective business and regulatory framework to stimulate distributed solar photovoltaic (PV) and other decentralized renewable energy sources. Electric vehicles are an essential part of a clean energy future and supported by clean electricity such as solar photovoltaic (PV) power, their impact on carbon emission reduction can grow even more. As electric vehicles plug in to the grid at night, they increase usage. This in turn can encourage home owners and utilities to add more solar powered charge-in capacity to the grid and solar photovoltaic (PV) power may have prevailing part over other renewable energy sources (RES).

  • Europe Union to Support Clean Energy Infrastructure with €750 Million Funding

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    /17th April 2019, Brussels, EU Commission/ The European Commission (EC) is releasing €750 million of funding for key European energy infrastructure projects with major cross-border benefits. The EU funding comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure. This represents a crucial element of the Energy Union, one of the political priorities of the Juncker Commission. The 2019 CEF Energy call for proposals will be open until 13 June 2019. To apply for CEF Energy funding, projects must first be designated Projects of Common Interest (PCIs). PCIs need to have a significant impact on at least two EU countries and must increase competitiveness, enhance the EU’s energy security and contribute to sustainable development and environmental protection. The received proposals for financing, which can be for studies or construction works, will then be evaluated against several additional criteria.

  • European Commission endorses corporate renewable PPAs as part of the answer to surging energy prices

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    /BRUSSELS, October 14, 2021, 17:00 CET, WindEurope, SolarPower Europe/ Renewables are central to delivering Europe’s energy and climate ambition – reducing greenhouse gas emissions by 55% by 2030. At RE-Source 2021 globally leading businesses from different sectors of the economy underline their commitment to support Europe’s transition to a renewable energy system. This year’s event comes just a day after the European Commission endorsed corporate renewable Power Purchase Agreements (PPAs) as part of the answer to surging energy prices. The current price surge will only increase the demand for PPAs as businesses seek to hedge against volatile energy prices.

  • European Council with Proposal for Reduced VAT Rates on Certain Goods Including Solar PV Modules for Residential and Public Interest Use

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    /LONDON, December 7, 2021, 15:30 GMT, RENEWABLE MARKET WATCHTM/ The European Council reached an agreement on a proposal to update EU rules on value-added tax (VAT) rates. The new rules reflect member states’ current needs and the EU's present policy objectives, which have changed considerably since the old rules were put in place. The updates ensure member states are treated equally and give them more flexibility to apply reduced and zero VAT rates. The rules will also phase out preferential treatments for environmentally harmful goods. The current levels of dependence on fossil fuels, the need of reducing the carbon emissions associated with energy use and the prospects of developing a new and highly innovative European technology sector make distributed solar photovoltaic energy generation increasingly attractive. According to the EU Green Deal, substantial fossil fuel capacity needs faster decommissioning to ensure that the EU reduces carbon-intensive power plants by 2030. The rate of replacement of carbon-intensive energy sources by renewable energy to date has already resulted in GHG emissions reductions in the EU electricity sector. Residential and commercial prosumers installing rooftop and building-integrated (BIPV) solar photovoltaic systems and energy storage shall have a vital role in the European clean energy transition by 2030.

  • European Solar PV Market Projected to grow by 35 percent in 2018 according to GTM Research

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    /30th November 2017, PV Magazine, GTM Research/ European solar demand will see 35% year-on-year growth in 2018, according to U.S. market research company, GTM Research. European countries such as France, Germany, the Netherlands and Spain are all forecast to be GW-scale markets in 2018. Globally, around 606 GW of new PV capacity is forecast to be installed between 2017 and 2022. The global solar market is set to exceed 90 GW for the first time, growing 15.2 percent year-on-year before levelling off towards sustained growth of 5.6 percent in 2018. A resurgence of European demand and the long-awaited takeoff of Latin American markets will drive growth next year as China peaks this year and uncertainty around protectionist measures in the United States, India, and Turkey stall demand. Its latest Global Solar Demand Monitor Q3 2017 says that the “much-needed” strong growth forecast for 2018 will be partly due to increasing demand from Spain and the Netherlands, both of which are currently supporting the development of large-scale solar projects that are planned to come online over the next two years.

  • France Surpassed 10 GW Cumulative Installed Solar Photovoltaic Capacity in 2020

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    /12th January 2021, SolarPower Europe, RENEWABLE MARKET WATCHTM/ France crossed the significant capacity threshold of 10 GW installed in 2020. It is now halfway towards its MAEP (Multi-Annual Energy Programme) goal of 20.1 GW of solar capacity by 2023, according to SolarPower Europe. Secondly, despite the impact of the pandemic, France produced 4.46 TWh of solar in the third quarter of 2020, thereby beating its record from 2019 (4.43 TWh). This is a significant achievement and an important step towards building back better. Solar photovoltaic (PV) power in the European Union had a strong performance in 2020 despite the negative health, social and economic effects of the COVID-19 (Coronavirus) pandemic, revealed the recent update of Europe Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030.  The climate targets that have been set are also promising. The Climate & Energy Law adopted last year confirmed the Energy Transition for a Green Growth law with 2030 targets. The detailed MAEP sets out the requirements for each type of technology, and the targets for 2028 now lie between 35.1 GW and 44 GW in cumulative capacity. To keep in line with these targets, the annual market growth rate will need to rise to 2 GW/year between now and 2023, and then 4 GW/year between 2023 and 2028. As a result of these targets, solar is positioned to be one of the most important contributors to the French energy transition.

  • Germany Allocated Close to 156 MW of Solar Plus Storage in August 2021 Innovation Tender (Auction)

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    /LONDON, August 26, 2021, 9:10 BST, RENEWABLE MARKET WATCHTM/ The German Federal Network Agency (Bundesnetzagentur) has announced the results of the innovation auction that closed for bids on August 1, 2021. As in the innovation auction on April 1, 2021, only bids for combinations of at least two renewable energy installations with different generating technologies at the same grid connection point could be accepted. The round was slightly undersubscribed, with 23 bids comprising a volume of nearly 250 MW submitted. The number of bids and the bid volume submitted was around half what they were in the previous auction round. All bids were for combinations of solar installations with storage facilities. Six bids had to be disqualified due to formal errors. As this round was undersubscribed, the statutory volume control for the innovation auction was applied for the first time. This meant that bids were awarded until 80% of the bid volume of the accepted bids had been reached or exceeded. As a result of the volume control, only 16 bids with a total volume of 156 MW were successful, according to the market study Europe Net Metering and Self-Consumption Solar Photovoltaic (PV) Market Outlook 2021 – 2030

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