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  • The Largest European Solar Photovoltaic Power Plant Witznitz Near Leipzig in Germany with 650 MW Capacity is Launched into Commercial Operation

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    /LEIPZIG, GERMANY, April 10, 2024, 9:00 BST, RENEWABLE MARKET WATCHTM/ Witznitz Energy Park, with 650 MW capacity, is located 30 km. south of Leipzig, in the Saxony Province of Germany. The plant was built on the plot of the former Witznitz II lignite mine. The developer of this largest solar power plant in Europe at the moment is MOVE ON Energy. The plant occupies an area of around 500 hectares covering the municipalities of Neukieritzsch, Böhlen and Rötha on Lake Hain, which corresponds to the average consumption of around 200,000 four-person households per year.

  • The Rise of the European Corporate Renewable PPA Market

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    /12th June 2019, RENEWABLE MARKET WATCHTM/ Worldwide, renewable energy producers are entering into power purchase agreements (PPAs) with corporate entities thanks to the falling price of renewable power. Companies from diverse geographies and industries in Europe are entering this market at a rapid pace, according to the recently published study ’Europe Corporate Renewable PPA Market Report 2018 ÷ 2027’. To accelerate the deployment of renewable energy capacity, corporate energy buyers, and renewable energy suppliers have to explore the benefits and risks associated with entering the corporate PPA market. The size and frequency of deals have increased quickly in recent years, and over 14 GW of corporate renewable PPAs have been signed worldwide to date. Furthermore, corporate procurement of renewable energy is making a sizeable contribution to energy and climate objectives. In the EU, this business model has yet to live up to its potential compared to other regions of the world, particularly the US, where corporate procurement of renewable energy during 2018 represents over 8.5 GW.

  • The Romanian Ministry of Energy has Reissued Two Tenders for Solar Photovoltaic Technology and Battery Storage with a Combined Budget of €278 Million

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    /LONDON, February 8, 2024, 10:00 GMT, RENEWABLE MARKET WATCHTM/ The Ministry of Energy in Romania has announced the relaunch of a competitive call for tender for battery storage projects. The objective of the call is to put into operation a minimum of 240 MW of electricity storage in batteries, which equals 480 MWh, by June 30, 2026. The aim is to contribute to Romania's National Recovery and Resilience Plan (NRRP) objectives. The call for tender is now open until March 21, 2024. The Ministry's announcement on February 8 stated that the battery energy storage system (BESS) facilities would have a duration of two hours and would be used for the grid integration of renewable energy. The Ministry has issued a technical guide for selection criteria, which includes funding for equipment, installation, and construction of BESS.

  • The Second Edition of Solarplaza Summit Romania Took Place in the W. Marriott Bucharest Grand Hotel on 27 April 2023

    /LONDON, May 19, 2023, 16:00 BST, SolarPlaza, RENEWABLE MARKET WATCHTM/ The Second Edition of Solarplaza Summit Romania Took Place in the W. Marriott Bucharest Grand Hotel on 27 April 2023, welcoming over 200 representatives from leading international and local solar companies such as Nofar, BayWa r.e., Kraftfeld, and Electron, to name a few.

  • 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.

  • Tripling Renewables by 2030 Requires a Minimum of 16.4% Annual Growth Rate According to the International Renewable Energy Agency (IRENA)

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    /Abu Dhabi, United Arab Emirates, July 11, 2024, 8:30 BST, IRENA/ The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest growing source of power, the world risks missing the tripling renewables target pledged at COP28. To stay the course, the world will now have to grow renewables capacity at a minimum 16.4% rate annually through 2030. The unprecedented 14% increase of renewables capacity during 2023 established a 10% compound annual growth rate (2017-2023). Combined with the constant decreasing additions of non-renewable capacity over the years, the trend sees renewable energy on its way to overtake fossil fuels in global installed power capacity.

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

    /17th June 2020, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable long-term overview of the country's photovoltaic sector for the next long term period 2020 ÷ 2030. Turkey has the sixth-largest electricity market in Europe and one of the fastest-growing in the world. Because of cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria and Italy after 2012, Turkey represents interesting investment environment in South-East Europe with excellent solar irradiation.

  • UK Launches Research into Space-based Solar Power Station

    /18th November 2020, Priyanka Shrestha, Energy Live News/ The UK has launched research into whether solar power in space could offer the potential for an unlimited and constant zero carbon source, backed by the government and the Space Agency. The government is commissioning the project into space-based solar power (SBSP) systems that would use very large solar satellites to collect renewable energy, convert it into radio waves and safely beam it back to ground-based receivers connected to the electric grid..

  • Ukraine Renewable Energy Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /21st December 2020, RENEWABLE MARKET WATCHTM/ The technical and economic potential for clean power generation from solar PV, wind, and bioenergy in Ukraine is considerable. Broader development of renewable energy would also play an essential role in existing policy goals of reducing the dependency on imported natural gas and diversification of the more secure energy supply. Ukrainian solar and wind power sectors scored remarkable progress between 2012 and 2020. 

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

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    /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.

  • UNEF Celebrates the Success of the Spanish Auction Model for Photovoltaic Energy Competitiveness

    /9th February 2020, Global Solar Council/ The Unión Española Fotovoltaica (UNEF) doubly celebrates the success of the first renewable energy auction in Spain call since 2017 in which photovoltaic energy has demonstrated its competitiveness by achieving 2,036 MW of the 3,034 auctioned MW. It also congratulates itself because the awarding has been widely distributed among companies and has covered all sizes of projects, accommodating a wide variety of players.

  • United Energy Group (UEG) Signed а Deal to Acquire the Bulgarian Developer Green Profit with a 250 MW Solar Photovoltaic Project with a Building Permit

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    /SOFIA, April 1, 2024, 10:00 BST, RENEWABLE MARKET WATCHTM/ Ms. Mila Nenova, Executive Director of the Bulgarian Investment Agency (BIA), was a special guest at the official contract signing ceremony. United Energy Group (UEG) is a Hong Kong-listed energy company with a strong focus on traditional oil and gas sectors and the development of green energy projects. Over the years, UEG has demonstrated steady growth in renewable energy initiatives, successfully building wind and solar projects in Pakistan, Iraq, Egypt, and others. UEG has recently expanded its presence in the European energy market and is currently negotiating the acquisition of renewable energy projects with a total capacity of over 1 GW. UEG's executive chairman and vice president (UEG), Leslie Zhang, attended the event.

  • United Kingdom Solar Photovoltaic (PV) Power Market Outlook 2024÷2033 - Trends, Forecasts, Investments, Opportunities, Analysis

    /LONDON, July 18, 2024, 9:00 BST, 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, 2024 ÷ 2033. UK's photovoltaic sector has witnessed remarkable growth in the past two decades, positioning the country among the leaders in Europe in installed solar photovoltaic capacity.

  • 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.

  • Uzbekistan Plans 1 GW New Solar Photovoltaic Projects

    /28th December 2020, RENEWABLE MARKET WATCHTM/ At the beginning of 2021, the country plans to launch a tender for up to 300 MW solar project in the Sherabad district of the Surkhandarya region, according to the Ministry of Energy of Uzbekistan ant this part of a pipeline of 1 GW solar projects that are projected to be built in Uzbekistan in 2021 and 2024.

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

    /23rd December 2020, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable long-term overview of the country's photovoltaic sector for the next long term period 2020 ÷ 2030. Because of cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria and Italy after 2012, the Republic of Uzbekistan represents a stable investment environment in CIS region with clear rules and auction (tender) procedure. Current cumulative installed PV capacity in the country is insignificant, but a number of solar projects will promptly increase in 2020 and next years.

  • Vattenfall has acquired the German Developer Solizer with a Pipeline of 4 GW Large-scale Solar Projects in Germany

    /STOCKHOLM, July 20, 2023, 08:05 CET, Vattenfall/ Vattenfall has acquired the German solar developer Solizer. The transaction includes an experienced team and a pipeline of large-scale solar projects in Germany with a volume of 4 GW. This acquisition expands Vattenfall’s German solar development portfolio to 7 GW in total. The first projects from the new portfolio can be ready for construction as early as 2024.

  • 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

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    /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.

  • Zhanatas Wind Farm in Kazakhstan with 100 MW Power Capacity Secured USD 26.1 million Finance from EBRD

    /4th August 2020, EBRD, RENEWABLE MARKET WATCHTM/ Zhanatas Wind-Power Station LLP, a special purpose entity incorporated in the Republic of Kazakhstan to implement the Project, will act as a borrower. The borrower will be jointly owned by China Power International Holding Ltd. (China) and Visor Investment (Kazakhstan). The technical due diligence update will be co-financed by the Clean Technology Fund.

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