This market report offers an incisive and reliable overview of the photovoltaic (solar PV) sector of Western Balkans countries for the period 2021 ÷ 2030...
Update: June 2021; NOTE: We have a new version of this report for the 2024 - 2033 period. Please review it here: https://renewablemarketwatch.com/country-reports/europe/western-balkans
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data from charts and tables
Author: Renewable Market WatchTM
Pages: 270
Report production №: RMWIN34920202164
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This market report offers an incisive and reliable overview of the photovoltaic sector of Western Balkans countries for the period 2021 ÷ 2030. Newly installed PV capacity in this region will exceed XXX GW in the next 5 years. The number of fully permitted and ready to build projects is promptly increasing. The rooftop market segment in many countries is not developed and forecasted to score significant growth in the near future.
The report provides a complete picture of the market situation, dynamics, risks, current issues and future prospects. You will find more than 260 pages of valuable information in this unique in-depth analysis of the Western Balkans countries photovoltaic market will receive an overview of how the COVID-19 (Coronavirus) will impact it. With comprehensive market data, this report brings clear and concise insights, to help investors, manufacturers and service providers in their decision making process. As 2019 and 2020 were challenging years for the photovoltaic industry, the time for making the right decisions during 2021 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with the customized book content. Reasons to buy this market report are, but not limited to:
- Solar resource potential in Western Balkans countries
- Historical market data provided from 2010 to 2020 and forecasts until 2030
- Overview of Western Balkans solar photovoltaic market development 2010 ÷ 2030 by countries
- Development scenario of Western Balkans solar photovoltaic sector until 2030
- Major active and upcoming solar photovoltaic plants in Western Balkans
- Attractiveness indices for solar photovoltaic investments in Western Balkans
- SWOT Analysis (detailed in 5 pages)
- Overview of Western Balkans legal and regulatory framework for RES generation by countries
- Project developers, EPC providers and Consultants in Western Balkan countries
- Key organizations and stakeholders affecting the development of the solar photovoltaic sector by countries
- A comprehensive review of smart grid development in Western Balkan countries
- Investment potential and opportunities
On the next pages, you will see the full table of content of this report. To order this report just click on the button "ADD TO CART". If you have any other questions please do not hesitate to call us on ++44 203 807 00 79 or write an e-mail to orders@renewablemarketwatch.com
FOREWORD 9
1. METHODOLOGY 10
1.1. Methodology 10
1.2. Limitations 12
2. EXECUTIVE SUMMARY 13
2.1. Primary source availability 13
2.2. RES Policies and Targets 13
2.3. Risks associated with solar photovoltaic energy projects 13
2.4. Retroactive subsidy cuts 14
2.5. Future market trends 14
2.6. Key country summaries 14
3. EUROPEAN UNION RENEWABLE ENERGY POLICY LANDSCAPE 19
3.1. RES Regulations and EU Directives affecting the Western Balkans countries 19
3.1.1. Precedent EU regulations 19
3.2. Renewable energy mandatory targets for the Western Balkans countries set out by the EU 20
3.2.1. Interim targets set out by the EU 20
3.2.2. National support schemes flexibility allowed by the EU and progress reporting 21
3.3. Energy Community (EC) Treaty 22
3.4. EU 2030 framework for climate and energy policies 23
3.5. European Union Energy Roadmap 2050 26
3.6. NATURA 2000 Network 28
3.7. Guidance of EU Commission for state intervention in electricity 29
4. WESTERN BALKANS SOLAR RESOURCE POTENTIAL AND MAPPING 34
5. GLOBAL PHOTOVOLTAIC ENERGY MARKET 36
5.1. PV modules and PV systems costs 36
5.2. Market overview 37
5.3. Future development trends 40
6. EUROPEAN PHOTOVOLTAIC ENERGY MARKET 43
7. WESTERN BALKANS PHOTOVOLTAIC ENERGY MARKET 48
7.1. Market overview 48
7.2. Future Development Trends 49
8. COUNTRY PROFILES 51
8.1. ALBANIA 51
8.1.1. Albania Photovoltaic Energy Market Overview 51
8.1.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 53
8.1.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 55
8.1.4. RES Legal and Regulatory Framework 57
8.1.5. Key Stakeholders, Organizations and Institutions 59
8.2. BOSNIA AND HERZEGOVINA 61
8.2.1. Bosnia and Herzegovina Photovoltaic Energy Market Overview 61
8.2.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 63
8.2.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 66
8.2.4. RES Legal and Regulatory Framework 69
8.2.5. Key Stakeholders, Organizations and Institutions 70
8.3. BULGARIA 75
8.3.1. Bulgaria Photovoltaic Energy Market Overview 75
8.3.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 77
8.3.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 79
8.3.4. RES Legal and Regulatory Framework 82
8.3.5. Key Stakeholders, Organizations and Institutions 86
8.4. CROATIA 91
8.4.1. Croatia Photovoltaic Energy Market Overview 91
8.4.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 93
8.4.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 96
8.4.4. RES Legal and Regulatory Framework 98
8.4.5. Key Stakeholders, Organizations and Institutions 99
8.5. GREECE 103
8.5.1. Greece Photovoltaic Energy Market Overview 103
8.5.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 105
8.5.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 107
8.5.4. RES Legal and Regulatory Framework 109
8.5.5. Key Stakeholders, Organizations and Institutions 111
8.6. KOSOVO 116
8.6.1. Kosovo Photovoltaic Energy Market Overview 116
8.6.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 117
8.6.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 120
8.6.4. RES Legal and Regulatory Framework 122
8.6.5. Key Stakeholders, Organizations and Institutions 123
8.7. NORTH MACEDONIA 126
8.7.1. North Macedonia Photovoltaic Energy Market Overview 126
8.7.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 127
8.7.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 131
8.7.4. RES Legal and Regulatory Framework 133
8.7.5. Key Stakeholders, Organizations and Institutions 136
8.8. MONTENEGRO 138
8.8.1. Montenegro Photovoltaic Energy Market Overview 138
8.8.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 140
8.8.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 143
8.8.4. RES Legal and Regulatory Framework 146
8.8.5. Key Stakeholders, Organizations and Institutions 148
8.9. ROMANIA 153
8.9.1. Romania Photovoltaic Energy Market Overview 153
8.9.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 156
8.9.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 157
8.9.4. RES Legal and Regulatory Framework 160
8.9.5. Key Stakeholders, Organizations and Institutions 171
8.10. SERBIA 174
8.10.1. Serbia Photovoltaic Energy Market Overview 174
8.10.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 176
8.10.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 180
8.10.4. RES Legal and Regulatory Framework 183
8.10.5. Key Stakeholders, Organizations and Institutions 184
8.11. SLOVENIA 187
8.11.1. Slovenia Photovoltaic Energy Market Overview 187
8.11.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 189
8.11.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 191
8.11.4. RES Legal and Regulatory Framework 194
8.11.5. Key Stakeholders, Organizations and Institutions 197
8.12. TURKEY 201
8.12.1. Turkey Photovoltaic Energy Market Overview 201
8.12.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 204
8.12.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 205
8.12.4. RES Legal and Regulatory Framework 210
8.12.5. Key Stakeholders, Organizations and Institutions 220
9. COMPARATIVE ANALYSIS OF SUPPORT SCHEMES IN THE WESTERN BALKAN COUNTRIES. FEED-IN TARIFFS AND GREEN CERTIFICATES 224
10. COMPARATIVE ANALYSIS OF MANDATORY CAPACITY GENERATION TARGETS IN THE WESTERN BALKAN COUNTRIES 225
11. ELECTRICITY GRID NETWORK IN WESTERN BALKAN COUNTRIES 226
11.1. Transmission System Operators (TSO’s) 226
11.2. Distribution System Operators (DSO’s) 230
11.3. Grid connection constraints 234
12. SMART GRID DEVELOPMENT IN THE WESTERN BALKANS COUNTRIES 236
12.1. Smart grid and Super Smart Grid Concept 236
12.2. Smart grid support initiatives in the Western Balkans countries 237
13. COMPETITIVE LANDSCAPE. PROJECT DEVELOPERS AND INVESTORS IN THE WESTERN BALKANS SOLAR PHOTOVOLTAIC ENERGY MARKET 241
14. EPC PROVIDERS, EQUIPMENT MANUFACTURERS AND CONSULTANTS IN THE WESTERN BALKANS SOLAR PHOTOVOLTAIC ENERGY MARKET 244
15. SWOT ANALYSIS OF THE WESTERN BALKANS SOLAR PHOTOVOLTAIC ENERGY MARKET 249
16. RISKS ABOUT SOLAR PHOTOVOLTAIC INVESTMENTS IN THE WESTERN BALKANS COUNTRIES 253
17. INVESTMENT TRENDS, POTENTIAL AND OPPORTUNITIES IN THE WESTERN BALKANS SOLAR PHOTOVOLTAIC ENERGY MARKET 260
18. CONCLUSIONS 262
19. LIST OF ABBREVIATIONS 264
20. REFERENCES 268
21. DISCLAIMER 269
22. APPENDIX I. SOLAR MAPS OF EUROPE AND WESTERN BALKANS 270
- MAP 1: Solar resource potential of the Western Balkans countries 34
MAP 2: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Albania 52
MAP 3: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Bosnia and Herzegovina 62
MAP 4: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Bulgaria 76
MAP 5: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Croatia 92
MAP 6: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Greece 104
Map 7: Solar irradiation and solarenergy yieldl for horizontally mounted photovoltaic modules in Kosovo 116
MAP 8: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in North Macedonia 127
MAP 9: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Montenegro 139
MAP 10: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Romania 154
MAP 11: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Serbia 175
MAP 12: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Slovenia 188
MAP 13: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Turkey 202
Map 14: The map setting out TEİAŞ’s regional limits to the electrical capacity increases 213
MAP 15: The European Network of Transmission System Operators (TSO’s) for Electricity in 2019; ENTSO-E 226
MAP 16: Map of innogy SE (RWE Group) Operations in the Western Balkans Countries 232
MAP 17: Map of CEZ Group Operations in the Western Balkans countries 233
MAP 18: Smart Grid Projects Map in Europe 2020 239
MAP 19: Solar irradiation and solar electricity potential for optimally inclined photovoltaic modules in Europe 270
MAP 20: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Europe 271
Chart 1: Global Net Added Power Generating Capacity in 2020 by Main Technology 37
Chart 2: Global Cumulative Installed Photovoltaic (solar PV) capacity 2000 ÷ 2020 (in GW) 38
Chart 3: Global Annual Solar Photovoltaic (PV) Market Forecast 2010 - 2030 (in GW), Renewable Market WatchTM 41
Chart 4: Global Rooftop Solar Photovoltaic (PV) Development Scenario 2012 – 2030 (in GW), Renewable Market WatchTM 42
Chart 5: European solar photovoltaic (PV) cumulative capacity segmentation by country in 2020 in % 45
Chart 6: European annual solar photovoltaic (PV) market forecast 2010 - 2030 (in GW), SolarPower Europe, Renewable Market WatchTM 47
Chart 7: Cumulative developments of solar photovoltaic (PV) power plants in the Western Balkans countries in GW from 2010 to 2030, including estimates 50
Chart 8: Cumulative developments of solar photovoltaic (PV) power plants in Albania in MW from 2010 to 2030, including estimates 56
Chart 9: Cumulative developments of solar photovoltaic (PV) power plants in Bosnia and Herzegovina in MW from 2010 to 2030, including estimates 68
Chart 10: Bulgarian RES targets in % set by the EU 78
Chart 11: Cumulative developments of solar photovoltaic (PV) power plants in Bulgaria in MW from 2010 to 2030, including estimates 79
Chart 12: Cumulative developments of solar photovoltaic (PV) power plants in Croatia in MW from 2010 to 2030, including estimates 97
Chart 13: Cumulative developments of solar photovoltaic power plants in Greece in MW from 2010 to 2030, including estimates 107
Chart 14: Cumulative developments of solar photovoltaic (PV) power plants in Kosovo in MW from 2010 to 2030, including estimates 121
Chart 15: Cumulative developments of solar photovoltaic PV) power plants in North Macedonia in MW from 2010 to 2030, including estimates 132
Chart 16: Reference Auction Price for New Renewable Energy Power Plants in Montenegro ≤ 1 MW in 2020 141
Chart 17: Reference Auction Price for New Renewable Energy Power Plants in Montenegro ≥ 1 MW in 2020 142
Chart 18: Cumulative developments of solar photovoltaic (PV) power plants in Montenegro in MW from 2010 to 2030, including estimates 145
Chart 19: Cumulative developments of solar photovoltaic (PV) power plants in Romania in MW from 2010 to 2030, including estimates 159
Chart 20: Cumulative developments of solar photovoltaic (PV) power plants in Serbia in MW from 2010 to 2030, including estimates 182
Chart 21: Cumulative developments of solar photovoltaic (PV) power plants in Slovenia in MW from 2010 to 2030, including estimates 193
Chart 22: Cumulative developments of solar photovoltaic (PV) power plants in Turkey in MW from 2010 to 2030, including estimates 207
Chart 23: Mandatory capacity generation targets for the share of renewable energies in the Western Balkans countries from 2010 to 2030 225
Chart 24: Forecast for total Net Generation Capacity in the EU by source type 2013 - 2030 229
Chart 25: Smart Grid Model Concept 236
Chart 26: Cumulative number of smart grid projects in the selected Western Balkans countries compared to average EU number, 2000 ÷ 2020 237
Chart 27: Cumulative budget of smart grid projects in the selected Western Balkans countries compared to average EU numbers, 2000 ÷ 2020 238
Table 1: Crystalline module price trend in 2020 37
Table 2: Top 5 countries at global level by newly installed solar photovoltaic (PV) capacity in GW in 2019, Renewable Market WatchTM 39
Table 3: Support schemes for RES generation in the EU countries 43
Table 4: Top 5 European countries by newly installed solar photovoltaic (PV) capacity in GW in 2019 44
Table 5: Top 3 Western Balkans countries by newly installed solar photovoltaic (PV) capacity in GW in 2020, Renewable Market WatchTM 49
Table 6: Albanian Annual Solar Radiation Hours by City 51
Table 7: Feed-in-tariff and net metering support scheme for electricity from solar photovoltaic energy in Albania 54
Table 8: Database with selected operational, under construction and planned solar photovoltaic projects in Albania 55
Table 9: Feed-in tariff for electricity from solar photovoltaic energy in the Republic of Srpska 65
Table 10: Feed-in premium for electricity from solar photovoltaic energy in the Republic of Srpska 65
Table 11: Feed-in tariff for electricity from solar photovoltaic energy in the Federation of Bosnia and Herzegovina (FBiH) 66
Table 12: Database with selected operational, under construction and planned solar photovoltaic projects in Bosnia and Herzegovina 67
Table 13: Database with selected operational (grid-connected) solar photovoltaic projects in Bulgaria 81
Table 14: Feed-in-tariffs for electricity from solar photovoltaic energy in Bulgaria for 2021 85
Table 15: Feed-in-tariff and premium tariff for electricity from solar photovoltaic energy in Croatia for below 0.5 MW installed capacity 95
Table 16: Database with selected operational, under construction and planned solar photovoltaic projects in Croatia 98
Table 17: Feed-in-tariffs for electricity from solar photovoltaic energy in Greece 106
Table 18: Database with selected operational, under construction and planned solar photovoltaic projects in Greece 108
Table 19: Feed-in-tariffs for electricity from solar photovoltaic energy in Kosovo 119
Table 20: Database with selected operational, under construction and planned solar photovoltaic projects in Kosovo 120
Table 21: Feed-in-tariffs for electricity from solar photovoltaic energy in North Macedonia 130
Table 22: Database with selected operational, under construction and planned solar photovoltaic projects in North Macedonia 133
Table 23: Database with selected operational, under construction and planned solar photovoltaic projects in Montenegro 144
Table 24: Database with selected operational, under construction and planned solar photovoltaic projects in Romania 158
Table 25: Green certificates for electricity from renewable sources in Romania 169
Table 26: Feed-in-tariffs for electricity from solar photovoltaic energy in Serbia 179
Table 27: Database with selected operational, under construction and planned solar photovoltaic projects in Serbia 181
Table 28: Database with selected operational, under construction and planned solar photovoltaic projects in Slovenia 192
Table 29: Database with selected operational, under construction and planned solar photovoltaic projects in Turkey 206
Table 30: Feed-in-tariffs for electricity from renewable sources in Turkey valid by 28.02.2019 219
Table 31: Additional incentives to Feed-in-tariffs for electricity from solar photovoltaic (PV) sources in Turkey for domestic procurement 220
Table 32: Solar Photovoltaic (PV) Energy Support schemes in the Western Balkans countries. Comparative Analysis 2021 224
Table 33: Grid Connection and Access Regimes in Europe in 2021 227
Table 34: List of TSO’s in the Western Balkans countries in 2021 228
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