• Asterion Industrial Partners Acquires Energy Utility STEAG in a Deal Worth Around €2.6 Billion

    /ESSEN/MADRID, August 25, 2023, 08:05 CET, Asterion Industrial Partners/ Asterion Industrial Partners, an independent investment management firm focused on European infrastructure, has signed a purchase agreement for the acquisition of the energy utility STEAG from the consortium Kommunale Beteiligungsgesellschaft (KSBG), which represents the municipal utilities of the cities of Dortmund, Duisburg, Bochum, Essen, Oberhausen, and Dinslaken. The transaction values STEAG at an enterprise value of around €2.6 billion.

  • Aukera Signs a Joint Development Agreement with Securenergy for a solar photovoltaic (PV) portfolio acquisition of 1,000 MW in Germany

    /BRUSSELS, September 30, 2022, 10:00 BST, Aukera/ Aukera BV to acquire a solar PV portfolio of projects under development across Germany with an initial 1,000 MW of total capacity from securenergy solutions AG. securenergy will be responsible for the development of the projects, which Aukera intends to build, own, and operate as part of its strategy. The agreement has been structured as a Joint Venture. Aukera is seeking to expand its presence in Germany and aims to consolidate its position in the renewable energy sector, across solar PV, onshore wind, and storage, with further acquisitions..

  • Axpo Signed PPA with Obton A/S for Klatzow Solar Photovoltaic (PV) Power Plant in Germany with 11 MWp Capacity

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    /BERLIN, February 21, 2022, 10:00 GMT, Axpo/ Axpo has signed a Power Purchase Agreement (PPA) with the Danish company Obton A/S, a leading solar energy investor in Europe, for the Klatzow solar park currently under construction in Mecklenburg-Vorpommern. The ten-year contract demonstrates the important role of PPAs in the expansion of renewable energies in Germany. Construction of the 11 MWp Klatzow solar park near Neubrandenburg is already underway, with commissioning planned for spring 2022.

  • 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.

  • Better Energy and Andel Join Forces to Build 15 Solar Energy Parks with a Power Capacity of up to 2 GWp

    /COPENHAGEN, January 9, 2024, 11:00 CET, Better Energy, Andel/ Andel and Better Energy have entered a joint partnership with the aim to construct 15 energy parks in Denmark between 2024 and 2028. Each partner will own 50% of the completed portfolio, with Better Energy managing the parks' development, construction and technical operation. The two companies have also outlined joint ambitions for energy storage and nature and biodiversity initiatives within the portfolio.

  • 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.

  • Bulgaria Announced Two Tenders for Solar Photovoltaic (PV) Technology and Energy Storage Facilities with a Combined Budget of €273.6 Million

    /LONDON, March 14, 2024, 11:00 GMT, RENEWABLE MARKET WATCHTM/ The Ministry of Energy of the Republic of Bulgaria has announced two requests for proposals for tender participation to support new renewable electricity generation and energy storage capacity under the National Recovery and Resilience Plan (RRP). These procedures are implemented under Investment 6, "Support for new capacities for electricity production from renewable sources and electricity storage" (C4.I6) of the RRP of the Republic of Bulgaria.

  • 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. 

  • Conference on the G20 Compact with Africa 2023 in Berlin, Germany

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    /BERLIN, November 20, 2023, 9:00 CET, RENEWABLE MARKET WATCHTM/ Launched under the German G20 Presidency in 2017, the G20 Compact with Africa (CwA) has established itself as the key format for dialogue and cooperation between reform-oriented African countries, G20 partners and beyond. Backed by continued support from G20 Leaders and International Organisations, the Compact is firmly anchored in the G20 Finance Track with the Africa Advisory Group under South African-German Co-Chairmanship as its steering body. The CwA contributes to attracting increased private investment in the Compact countries through substantial improvements in the macro, business and financing frameworks. Recent data show that CwA countries, being more open to trade and foreign direct investments, have managed to disproportionally benefit from the postpandemic economic recovery. The recent admission of the Democratic Republic of the Congo and growing interest from additional African partners to join the CwA are further proof of success of this flagship initiative.

  • 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.

  • Danske Commodities signs first battery storage asset in the UK

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    /AARHUS, DENMARK, July 4, 2023, 9:30 GMT, Danske Commodities/ Energy trading company Danske Commodities announced today that it has signed a three-year optimisation agreement for the 25 MW battery storage asset, Blandford Road. The agreement marks Danske Commodities’ first battery storage customer in the UK, where the energy trader will utilise its fully automated algorithmic setup to maximise returns across wholesale and ancillary services markets. Under the agreement, Danske Commodities will provide market access, balancing and optimisation services for Blandford Road. The asset is owned by Equinor and is developed and operated by Noriker Power Limited, a British market leader in developing and operating energy assets, partly owned by Equinor (45% stake). Once operational, Blandford Road will have a capacity of 25 MW and help provide flexibility to intermittent power generation in the UK renewables market.

  • 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.

  • Digital Realty Invests in Photovoltaics in Germany Through a Power Purchase Agreement (PPA) with ENGIE

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    /FRANKFURT, Germany and COLOGNE, Germany, February 2, 2023, 7:00 ET, PRNewswire/ Digital Realty and ENGIE have signed a 10-year power purchase agreement (PPA) for a 116 megawatts (MW) share of a new 154 MW ground mounted solar photovoltaic project. Digital Realty's offtake commitment, estimated at 120 gigawatt hours (GWh) per year, supports the construction of the new solar park to be built by CEE Group, an infrastructure fund specializing in renewable energy projects. Located in Brandenburg in the northeast of Germany, the solar park is scheduled to start operation in late 2023.

  • Econergy Enters Greek Renewable Energy Market with 460MW Solar Photovoltaic (PV) Portfolio Agreement

    /LONDON, April 20, 2022, 15:00 BST, Econergy/ Econergy Renewable Energy, a leading investor, developer and operator in renewable energy projects across Europe, has entered a partnership with Terna Energy, a company listed on the Athens Stock Exchange. The partnership will see Econergy develop and construct a solar portfolio with a capacity of 460MW as part of a new pipeline of projects in the Greek market.

  • Endesa has Opened Three New Solar Photovoltaic (PV) Power Plants in Manzanares, Spain

    /MADRID, December 29, 2022, 13:45 GMT, EGPE, Endesa/ Endesa's renewable subsidiary, EGPE, has recently opened the Calatrava I, Ninobe 3 and Ibereléctrica I solar plants, located in Manzanares (Ciudad Real) and is continuing to develop projects that combine renewable production and the creation of social value.

  • 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.

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