This market report offers an incisive and reliable overview of the photovoltaic (solar PV) sector of Western Balkans countries for the period 2023 ÷ 2032...
Update: January 2023; 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 №: RMWIN34920202364
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This market report offers an incisive and reliable overview of the photovoltaic sector of Western Balkans countries for the period 2023 ÷ 2032. 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 is 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 photovoltaic market will receive an overview of how the COVID-19 (Coronavirus) recovery, the military conflict in Ukraine and the European Union's decision to make a significant reduction of Russian gas and other energy commodities import 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 2021 and 2022 were challenging years for the photovoltaic industry, the time for making the right decisions during 2023 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 customized book content. Reasons to buy this market report are, but are not limited to:
- Solar resource potential in Western Balkans countries
- Historical market data provided from 2012 to 2022 and forecasts until 2032
- Overview of Western Balkans solar photovoltaic market development 2012 ÷ 2032 by countries
- Development scenario of Western Balkans solar photovoltaic sector until 2032
- 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
1.3. Forecast Software and Methodology 10
2. EXECUTIVE SUMMARY 15
2.1. Primary source availability 15
2.2. RES Policies and Targets 15
2.3. Risks associated with solar photovoltaic energy projects 15
2.4. Retroactive subsidy cuts 16
2.5. Future market trends 16
2.6. Key country summaries 16
3. EUROPEAN UNION RENEWABLE ENERGY POLICY LANDSCAPE 21
3.1. RES Regulations and EU Directives affecting the Western Balkans countries 21
3.1.1. Precedent EU regulations 21
3.2. Renewable energy mandatory targets for the Western Balkans countries set out by the EU 22
3.2.1. Interim targets set out by the EU 22
3.2.2. National support schemes flexibility allowed by the EU and progress reporting 23
3.3. Energy Community (EC) Treaty 24
3.4. EU 2030 framework for climate and energy policies 25
3.5. European Union Energy Roadmap 2050 28
3.6. NATURA 2000 Network 30
3.7. Guidance of EU Commission for state intervention in electricity 31
4. WESTERN BALKANS SOLAR RESOURCE POTENTIAL AND MAPPING 36
5. GLOBAL PHOTOVOLTAIC ENERGY MARKET 38
5.1. PV modules and PV systems cost 38
5.2. Market overview 39
5.3. Future development trends 42
6. EUROPEAN PHOTOVOLTAIC ENERGY MARKET 45
7. WESTERN BALKANS PHOTOVOLTAIC ENERGY MARKET 50
7.1. Market overview 50
7.2. Future Development Trends 51
8. COUNTRY PROFILES 53
8.1. ALBANIA 53
8.1.1. Albania Photovoltaic Energy Market Overview 53
8.1.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 55
8.1.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 57
8.1.4. RES Legal and Regulatory Framework 59
8.1.5. Key Stakeholders, Organizations and Institutions 61
8.2. BOSNIA AND HERZEGOVINA 63
8.2.1. Bosnia and Herzegovina Photovoltaic Energy Market Overview 63
8.2.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 65
8.2.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 68
8.2.4. RES Legal and Regulatory Framework 71
8.2.5. Key Stakeholders, Organizations and Institutions 72
8.3. BULGARIA 77
8.3.1. Bulgaria Photovoltaic Energy Market Overview 77
8.3.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 79
8.3.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 81
8.3.4. RES Legal and Regulatory Framework 84
8.3.5. Key Stakeholders, Organizations and Institutions 88
8.4. CROATIA 93
8.4.1. Croatia Photovoltaic Energy Market Overview 93
8.4.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 95
8.4.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 98
8.4.4. RES Legal and Regulatory Framework 100
8.4.5. Key Stakeholders, Organizations and Institutions 101
8.5. GREECE 105
8.5.1. Greece Photovoltaic Energy Market Overview 105
8.5.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 107
8.5.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 109
8.5.4. RES Legal and Regulatory Framework 111
8.5.5. Key Stakeholders, Organizations and Institutions 113
8.6. KOSOVO 118
8.6.1. Kosovo Photovoltaic Energy Market Overview 118
8.6.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 119
8.6.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 122
8.6.4. RES Legal and Regulatory Framework 124
8.6.5. Key Stakeholders, Organizations and Institutions 125
8.7. NORTH MACEDONIA 128
8.7.1. North Macedonia Photovoltaic Energy Market Overview 128
8.7.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 129
8.7.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 133
8.7.4. RES Legal and Regulatory Framework 135
8.7.5. Key Stakeholders, Organizations and Institutions 138
8.8. MONTENEGRO 140
8.8.1. Montenegro Photovoltaic Energy Market Overview 140
8.8.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 142
8.8.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 145
8.8.4. RES Legal and Regulatory Framework 148
8.8.5. Key Stakeholders, Organizations and Institutions 150
8.9. ROMANIA 155
8.9.1. Romania Photovoltaic Energy Market Overview 155
8.9.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 158
8.9.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 159
8.9.4. RES Legal and Regulatory Framework 162
8.9.5. Key Stakeholders, Organizations and Institutions 173
8.10. SERBIA 176
8.10.1. Serbia Photovoltaic Energy Market Overview 176
8.10.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 178
8.10.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 182
8.10.4. RES Legal and Regulatory Framework 185
8.10.5. Key Stakeholders, Organizations and Institutions 186
8.11. SLOVENIA 189
8.11.1. Slovenia Photovoltaic Energy Market Overview 189
8.11.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 191
8.11.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 193
8.11.4. RES Legal and Regulatory Framework 196
8.11.5. Key Stakeholders, Organizations and Institutions 199
8.12. TURKEY 203
8.12.1. Turkey Photovoltaic Energy Market Overview 203
8.12.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 206
8.12.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 207
8.12.4. RES Legal and Regulatory Framework 212
8.12.5. Key Stakeholders, Organizations and Institutions 222
9. COMPARATIVE ANALYSIS OF SUPPORT SCHEMES IN THE WESTERN BALKAN COUNTRIES. FEED-IN TARIFFS AND GREEN CERTIFICATES 226
10. COMPARATIVE ANALYSIS OF MANDATORY CAPACITY GENERATION TARGETS IN THE WESTERN BALKAN COUNTRIES 227
11. ELECTRICITY GRID NETWORK IN WESTERN BALKAN COUNTRIES 228
11.1. Transmission System Operators (TSO’s) 228
11.2. Distribution System Operators (DSO’s) 232
11.3. Grid connection constraints 236
12. SMART GRID DEVELOPMENT IN THE WESTERN BALKANS COUNTRIES 238
12.1. Smart grid and Super Smart Grid Concept 238
12.2. Smart grid support initiatives in the Western Balkans countries 239
13. COMPETITIVE LANDSCAPE. PROJECT DEVELOPERS AND INVESTORS IN THE WESTERN BALKANS SOLAR PHOTOVOLTAIC ENERGY MARKET 243
14. EPC PROVIDERS, EQUIPMENT MANUFACTURERS AND CONSULTANTS IN THE WESTERN BALKANS SOLAR PHOTOVOLTAIC ENERGY MARKET 246
15. SWOT ANALYSIS OF THE WESTERN BALKANS SOLAR PHOTOVOLTAIC ENERGY MARKET 251
16. RISKS ABOUT SOLAR PHOTOVOLTAIC INVESTMENTS IN THE WESTERN BALKANS COUNTRIES 255
17. INVESTMENT TRENDS, POTENTIAL AND OPPORTUNITIES IN THE WESTERN BALKANS SOLAR PHOTOVOLTAIC ENERGY MARKET 262
18. CONCLUSIONS 264
19. LIST OF ABBREVIATIONS 266
20. REFERENCES 270
21. DISCLAIMER 271
22. APPENDIX I. SOLAR MAPS OF EUROPE AND WESTERN BALKANS 272
- MAP 1: Solar resource potential of the Western Balkans countries 36
MAP 2: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Albania 54
MAP 3: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Bosnia and Herzegovina 64
MAP 4: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Bulgaria 78
MAP 5: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Croatia 94
MAP 6: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Greece 106
Map 7: Solar irradiation and solar energy yield for horizontally mounted photovoltaic modules in Kosovo 118
MAP 8: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in North Macedonia 129
MAP 9: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Montenegro 141
MAP 10: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Romania 156
MAP 11: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Serbia 177
MAP 12: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Slovenia 190
MAP 13: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Turkey 204
Map 14: The map setting out TEİAŞ’s regional limits to the electrical capacity increases 215
MAP 15: The European Network of Transmission System Operators (TSO’s) for Electricity in 2022 228
MAP 16: Map of innogy SE (RWE Group) Operations in the Western Balkans Countries 234
MAP 17: Map of CEZ Group Operations in the Western Balkans countries 235
MAP 18: Smart Grid Projects Map in Europe 2022 241
MAP 19: Solar irradiation and solar electricity potential for optimally inclined photovoltaic modules in Europe 272
MAP 20: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Europe 273
Chart 1: Global Net Added Power Generating Capacity in 2021 by Main Technology 39
Chart 2: Global Cumulative Installed Photovoltaic (solar PV) capacity 2012 ÷ 2022 (in GW) 40
Chart 3: Global Annual Solar Photovoltaic (PV) Market Forecast 2012 - 2032 (in GW), SolarPower Europe, Renewable Market WatchTM 43
Chart 4: Global Rooftop Solar Photovoltaic (PV) Development Scenario 2011 – 2031 (in GW), SolarPower Europe, Renewable Market WatchTM 44
Chart 5: European solar photovoltaic (PV) cumulative capacity segmentation by country in 2021 in % 47
Chart 6: European annual solar photovoltaic (PV) market forecast 2012 - 2032 (in GW), SolarPower Europe, Renewable Market WatchTM 49
Chart 7: Cumulative developments of solar photovoltaic (PV) power plants in the Western Balkans countries in GW from 2012 to 2032, including estimates 52
Chart 8: Cumulative developments of solar photovoltaic (PV) power plants in Albania in MW from 2012 to 2032, including estimates 58
Chart 9: Cumulative developments of solar photovoltaic (PV) power plants in Bosnia and Herzegovina in MW from 2012 to 2032, including estimates 70
Chart 10: Bulgarian RES targets in % set by the EU 80
Chart 11: Cumulative developments of solar photovoltaic (PV) power plants in Bulgaria in MW from 2012 to 2032, including estimates 81
Chart 12: Cumulative developments of solar photovoltaic (PV) power plants in Croatia in MW from 2012 to 2032, including estimates 99
Chart 13: Cumulative developments of solar photovoltaic power plants in Greece in MW from 2012 to 2032, including estimates 109
Chart 14: Cumulative developments of solar photovoltaic (PV) power plants in Kosovo in MW from 2012 to 2032, including estimates 123
Chart 15: Cumulative developments of solar photovoltaic PV) power plants in North Macedonia in MW from 2012 to 2032, including estimates 134
Chart 16: Reference Auction Price for New Renewable Energy Power Plants in Montenegro ≤ 1 MW in 2020 143
Chart 17: Reference Auction Price for New Renewable Energy Power Plants in Montenegro ≥ 1 MW in 2019 144
Chart 18: Cumulative developments of solar photovoltaic (PV) power plants in Montenegro in MW from 2012 to 2032, including estimates 147
Chart 19: Cumulative developments of solar photovoltaic (PV) power plants in Romania in MW from 2012 to 2032, including estimates 161
Chart 20: Cumulative developments of solar photovoltaic (PV) power plants in Serbia in MW from 2012 to 2032, including estimates 184
Chart 21: Cumulative developments of solar photovoltaic (PV) power plants in Slovenia in MW from 2012 to 2032, including estimates 195
Chart 22: Cumulative developments of solar photovoltaic (PV) power plants in Turkey in MW from 2012 to 2032, including estimates 209
Chart 23: Mandatory capacity generation targets for the share of renewable energies in the Western Balkans countries from 2012 to 2032 227
Chart 24: Forecast for total Net Generation Capacity in the EU by source type 2013 - 2030 231
Chart 25: Smart Grid Model Concept 238
Chart 26: Cumulative number of smart grid projects in the selected Western Balkans countries compared to average EU number 2012 ÷ 2022 239
Chart 27: Cumulative budget of smart grid projects in the selected Western Balkans countries compared to average EU numbers 2012 240
Table 1: Crystalline module price trend in 2022 39
Table 2: Top 5 countries at global level by newly installed solar photovoltaic (PV) capacity in GW in 2019, Renewable Market WatchTM 41
Table 3: Support schemes for RES generation in the EU countries 45
Table 4: Top 5 European countries by newly installed solar photovoltaic (PV) capacity in GW in 2022 46
Table 5: Top 3 Western Balkans countries by newly installed solar photovoltaic (PV) capacity in GW in 2022, Renewable Market WatchTM 51
Table 6: Albanian Annual Solar Radiation Hours by City 53
Table 7: Feed-in-tariff and net metering support scheme for electricity from solar photovoltaic energy in Albania 56
Table 8: Database with selected operational, under construction and planned solar photovoltaic projects in Albania 57
Table 9: Feed-in tariff for electricity from solar photovoltaic energy in the Republic of Srpska 67
Table 10: Feed-in premium for electricity from solar photovoltaic energy in the Republic of Srpska 67
Table 11: Feed-in tariff for electricity from solar photovoltaic energy in the Federation of Bosnia and Herzegovina (FBiH) 68
Table 12: Database with selected operational, under construction and planned solar photovoltaic projects in Bosnia and Herzegovina 69
Table 13: Database with selected operational (grid-connected) solar photovoltaic projects in Bulgaria 83
Table 14: Feed-in-tariffs for electricity from solar photovoltaic energy in Bulgaria 87
Table 15: Feed-in-tariff and premium tariff for electricity from solar photovoltaic energy in Croatia for below 0.5 MW installed capacity 97
Table 16: Database with selected operational, under construction and planned solar photovoltaic projects in Croatia 100
Table 17: Feed-in-tariffs for electricity from solar photovoltaic energy in Greece 108
Table 18: Database with selected operational, under construction and planned solar photovoltaic projects in Greece 110
Table 19: Feed-in-tariffs for electricity from solar photovoltaic energy in Kosovo 121
Table 20: Database with selected operational, under construction and planned solar photovoltaic projects in Kosovo 122
Table 21: Feed-in-tariffs for electricity from solar photovoltaic energy in North Macedonia 132
Table 22: Database with selected operational, under construction and planned solar photovoltaic projects in North Macedonia 135
Table 23: Database with selected operational, under construction and planned solar photovoltaic projects in Montenegro 146
Table 24: Database with selected operational, under construction and planned solar photovoltaic projects in Romania 160
Table 25: Green certificates for electricity from renewable sources in Romania 171
Table 26: Feed-in-tariffs for electricity from solar photovoltaic energy in Serbia 181
Table 27: Database with selected operational, under construction and planned solar photovoltaic projects in Serbia 183
Table 28: Database with selected operational, under construction and planned solar photovoltaic projects in Slovenia 194
Table 29: Database with selected operational, under construction and planned solar photovoltaic projects in Turkey 208
Table 30: Feed-in-tariffs for electricity from renewable sources in Turkey 221
Table 31: Additional incentives to Feed-in-tariffs for electricity from solar photovoltaic (PV) sources in Turkey for domestic procurement 222
Table 32: Solar Photovoltaic (PV) Energy Support schemes in the Western Balkans countries. Comparative Analysis 2022 226
Table 33: Grid Connection and Access Regimes in Europe in 2022 229
Table 34: List of TSO’s in the Western Balkans countries in 2022 230
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