News & Analysis

New Solar Photovoltaic (PV) Power Market Activity in the Czech Republic and Coal-to-Clean Energy Prospects – Insights, Political Climate, Energy Strategy, Forecast, Renewable Market Watch

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/3rd September 2021, RENEWABLE MARKET WATCHTM/ The Czech Republic is the fourth most energy-intensive country in the EU mainly due to the high intensity of its industry (such as metallurgy, steel and coal). After Germany and Poland, the Czech Republic is the third-largest coal producer in the EU. Although gains have been made in reducing energy intensity in the industry sector, the potential for energy efficiency improvements in the buildings and transport sectors is substantial. Energy use and carbon dioxide emissions in these sectors are growing. Energy efficiency improvement is considered a priority to reduce energy consumption and address climate change while also providing benefits for energy security. Investments in new renewable energy generation capacity in the Czech Republic are moderate in the past five years. Coal remains the primary energy source for electricity production, followed by nuclear power and hydropower. However, activity on the solar photovoltaic (PV) power market in the Czech Republic has been increasing since 2018, according to the recently published study Czech Republic Solar Photovoltaic (PV) Power Market Outlook 2021 ÷ 2030.

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Germany Allocated Close to 156 MW of Solar Plus Storage in August 2021 Innovation Tender (Auction)

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/LONDON, August 26, 2021, 9:10 BST, RENEWABLE MARKET WATCHTM/ The German Federal Network Agency (Bundesnetzagentur) has announced the results of the innovation auction that closed for bids on August 1, 2021. As in the innovation auction on April 1, 2021, only bids for combinations of at least two renewable energy installations with different generating technologies at the same grid connection point could be accepted. The round was slightly undersubscribed, with 23 bids comprising a volume of nearly 250 MW submitted. The number of bids and the bid volume submitted was around half what they were in the previous auction round. All bids were for combinations of solar installations with storage facilities. Six bids had to be disqualified due to formal errors. As this round was undersubscribed, the statutory volume control for the innovation auction was applied for the first time. This meant that bids were awarded until 80% of the bid volume of the accepted bids had been reached or exceeded. As a result of the volume control, only 16 bids with a total volume of 156 MW were successful, according to the market study Europe Net Metering and Self-Consumption Solar Photovoltaic (PV) Market Outlook 2021 – 2030

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Spain Registered Another Great Year with 3.4 GW Installed New Solar Photovoltaic (PV) Capacity in 2020

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/16th July 2021, UNEF/ The year 2020 was another historic year for the solar photovoltaic (PV) sector in Spain. In ground-mounted solar power plants, although installed capacity remained at 2.8 GWp and did not exceeded 4.2 GWp incorporated the previous year, it is important to underline all this new capacity was installed without any type of state aid or regulatory remuneration scheme. In the net metering and self-consumption solar PV sector, installed capacity increased by 596 MWp, a growth of 30% compared to the previous year. These numbers are showing the start of the new era for the solar photovoltaic sector in Spain in order to comply with the National Integrated Energy and Climate Plan (PNIEC) objectives for 2030. At the end of 2020, cumulative installed solar PV capacity in Spain had 12.7 GW, accounting for 6.2% of the total power generation capacity of the country, and 14% of the renewable energy sources.

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Renewable Power Generation Costs Reduction - 2020 Overview in the Recent Study of IRENA Released in 2021 with LCOE of Renewable Energy Technologies

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/30th June 2021, IRENA, RENEWABLE MARKET WATCHTM/ Between 2000 and 2020, renewable power generation capacity worldwide increased 3.7‑fold, from 754 gigawatts (GW) to 2 799 GW, as their costs have fallen sharply, driven by steadily improving technologies, economies of scale, competitive supply chains and improving the developer experience. Costs for electricity from utility-scale solar photovoltaics (PV) fell 85% between 2010 and 2020. Renewables are becoming more and more competitive in the energy landscape. The data from the IRENA Renewable Cost Database shows cost declines continued in 2020, with the cost of electricity from utility-scale solar photovoltaics (PV) falling 7% year-on-year, offshore wind fell by 9%, onshore wind by 13% and that of concentrating solar power (CSP) by 16%.

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Renewable Market Watch™ published a new report Titled "Europe Solar Photovoltaic (PV) Power Market Outlook by Segment (Residential, Commercial, and Utility) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2030"

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/LONDON, June 9, 2021,  PRNewswire/ Nowadays, there is an increased demand for solar power all over Europe. The cumulative installed solar photovoltaic (PV) capacity in Europe reached 151.7GW at the end of 2020, which is а 10 per cent increase compared to 138GW at the end of 2019, according to the recently published study Europe Solar Photovoltaic (PV) Power Market Outlook: 2021 ÷ 2030. Germany was the largest market in 2020, adding 4.8GW new capacity, followed by the Netherlands (2.8GW), Spain (2.6GW), Poland (2.2GW), and France (0.9GW). Amarenco, Axpo, BayWa r.e., Enel Green Power, Hanhwa Q-Cells, Huawei, Iberdrola, First Solar, Jinko, Lightsource bp, LONGi Solar and SMA, are among the key players in the market.

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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.

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Croatia Solar Photovoltaic (PV) Power Market Development in the Clean Energy Transformation Context – Insights, Political Climate, Energy Strategy, Forecast, Renewable Market Watch

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/12th May 2021, RENEWABLE MARKET WATCHTM/ This decade shall be crucial for the clean energy transformation of Croatia, reveals the Renewable Market Watch™ in its report Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2021÷2030. The country has considerable potential for developing solar energy and increasing energy independence. The energy transition council of Croatian President Zoran Milanović was established in 2020 and estimated the country’s solar potential to 6.8GW. However, to harness this potential effectively, Croatia will need to adopt more ambitious solar energy targets, ensure clear renewable energy investment direction in the power sector, and develop its modern electricity grid. The clean energy transition and development of the solar power sector can contribute to GDP growth and new jobs creation. Renewable Market Watch estimates that solar photovoltaic power capacity in Croatia will increase significantly in the following years compared to its current level assuming the tendered and planned large scale projects. The abundance of solar irradiation in Croatia shall enable photovoltaic energy to become an increasingly cost-competitive power generation source and attract new investments.

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Renewable Market Watch is a Media Partner of SolarPower Summit 2021: Driving Sustainable Change: 10 – 12 May Online

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/10th May 2021, SolarPower Europe/ Join us for the second digital edition of the SolarPower Summit! The year 2021 is not just “any year”. Amidst the COVID-19 pandemic, European economies and industrial sectors have been under extreme pressure, and the lives of all Europeans have changed profoundly. The European Recovery Plan adopted by EU Member States in July 2020 aimed not only to mitigate the devastating impacts of the pandemic, but to seize a historic opportunity to revive our economies and industries, placing the fight against climate change at the heart of Europe’s future job creation and growth strategy. Renewable Market Watch™ is a Media Partner of SolarPower Summit 2021: Driving Sustainable Change.

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Alerion Clean Power Signed an Agreement with Monsson Alma for the Development of 3 New Wind Farm Projects in Romania with a Capacity of 350 MW

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/5th May 2021, Alerion Clean Power, RENEWABLE MARKET WATCHTM/ The Italian company Alerion Clean Power S.p.A. has signed with Monsson Alma, a leading company in the development of wind projects in Romania, and the shareholders of the relevant project companies a development agreement for 3 new wind projects in Romania, with a capacity of approximately 350 MW. The authorization process for the plants under development is expected to be completed by the end of 2022. The agreement will allow Alerion to accelerate the growth in a market with very large growth perspectives, thanks also to the renewable development plans promoted by the Romanian government. The Moldova and Dobrogea provinces (in the southeast of the country, near the Black Sea) were considered the most appropriate areas for wind farm developments, according to the Romania Wind Power Market Outlook 2021÷2030. The southeast of Dobrogea was ranked second in terms of potential in Europe according to specialized studies. Romanian wind potential is estimated at around 14,000 MW (14 GW) installed capacity, generating about 23 TWh. per year.

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The European Investment Bank (EIB) Approved € 2 Billion for Wind and Solar Power

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/22nd April 2021, EIB/  € 3.4 billion of new financing approved today by the European Investment Bank (EIB) will accelerate shift towards renewable energy and sustainable transport, corporate innovation, improved housing, education and communications. “The green transformation of the global economy gathers speed. The green energy and sustainable transport projects approved by the EIB, the EU’s climate bank, today demonstrate the vision, ambition and partnership needed to slash greenhouse gas emissions this decade and beyond. I am thrilled that this week the European Union agreed to be climate-neutral by 2050. Tomorrow President Biden will host world leaders and renew the shared determination to fight the climate crisis. The return by the US to the community of countries committed to the Paris Agreement goals and to climate action is hugely welcome news, an essential and urgent step toward multiplying the effect of individual actions through global cooperation”, said Werner Hoyer, President of the European Investment Bank. 

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