News & Analysis

/LONDON, November 21, 2024, 11:30 GMT, EIB, RENEWABLE MARKET WATCH^TM/ The European Investment Bank (EIB) is providing €80 million to the Puespoek (PÜSPÖK) Group to build six agrivoltaic farms in Burgenland, Austria. This innovative project is being financed together with Erste Bank of the Austrian group of savings banks (Sparkassen). Erste Bank is providing a loan of €43 million, of which €28 million will be refinanced by the EIB.

/Baku, Azerbaijan, November 20, 2024, 9:00 GMT, RENEWABLE MARKET WATCH^TM/ Renewable Market Watch™ participates in the COP29 Conference in Baku, Azerbaijan. The UN Climate Change Conference (COP29) closed with a new finance goal to help countries to protect their people and economies against climate disasters, and share in the vast benefits of the clean energy boom. A notable achievement during the past two weeks was the progress made on carbon markets. After nearly a decade of work, countries have agreed on the final building blocks that set out how carbon markets will operate under the Paris Agreement, making country-to-country trading and a carbon crediting mechanism fully operational.

/LONDON, November 11, 2024, 9:00 GMT, RENEWABLE MARKET WATCH^TM/ The growth of the European solar power market in 2023 had a remarkable performance. The annual installed capacity solar photovoltaic (PV) capacity in Europe reached 307 GW at the end of 2023, which is a 24 per cent increase compared to 247.6 GW at the end of 2022, according to the recently published study Europe Solar Photovoltaic (PV) Power Market Outlook 2024 ÷ 2033. Germany was again the largest market in 2023, adding a record 14.1 GW of new capacity, followed by Spain (8.22 GW), Poland (4.6 GW), Netherlands (4.5 GW), and Italy (4.9 GW). In the EU-27 member states, the solar PV market scored the best solar year in history with growth in annual installed capacity by 40 per cent in 2023, from 40 GW in 2022 to 56 GW in 2023. In Italy, the EU’s third largest solar PV market in 2023, installations soared by more than 40% in H1 2024.