News & Analysis

Season's Greetings 2021 by Renewable Market Watch

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/23rd December 2020, RENEWABLE MARKET WATCHTM/ The global energy system is undergoing rapid transformation. With the 2030 Sustainable Development Goals and the Paris Climate Agreement serves as inspiration, countries, cities, and corporations worldwide continue to take meaningful action on renewable energy development. 2019 was another historic year for the global renewable power sector mix over the past year. Renewable energy sources have continued to dominate new additions to the world’s power generation over the past year. Renewable capacity reached 2,537GW globally by the end of 2019, up 176GW from the previous year. More solar PV capacities were installed globally than any other power generation technology. Solar alone saw more new capacity deployed than fossil fuels and nuclear combined. Solar added almost twice as much capacity as its renewable peer, wind power. A total of 97.08GW of grid-connected solar photovoltaic (PV) capacity was installed globally in 2019, according to the International Renewable Energy Agency (IRENA). This led to a total global cumulative solar photovoltaic (PV) power capacity of over 580GW in 2019 after the solar exceeded the 300GW mark in 2016 and the 400GW level in 2018.

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Bulgaria and Romania with Gigawatt New Capacity Additions in Solar Photovoltaic (PV) Power by 2024

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/18th December 2020, RENEWABLE MARKET WATCHTM/ Solar photovoltaic (PV) power in the European Union had a strong performance in 2020 despite the negative health, social and economic effects of the COVID-19 (Coronavirus) pandemic, revealed the recent update of Europe Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030.  The EU member states installed 18.2GW of solar power capacity in 2020, an 11% improvement over the 16.2GW deployed in the previous year, according to the recently released report EU Market Outlook for SolarPower 2020-2024 by SolarPower Europe. With minimal solar power installation activity in Bulgaria and Romania in the last few years, the prediction model of SolarPower Europe shows the up-and-coming gigawatt new solar photovoltaic (PV) capacity addition opportunities for Bulgaria and Romania by 2024. SolarPower Europe’s growth assumptions are much higher than the targets formulated by EU member states in their National Energy and Climate Plans (NECP). But with drivers for solar energy in Europe only getting stronger, the foundation is laid for further rapid growth in the coming years.

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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.

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Discount Sale Promotion from 15 December 2020 to 31 January 2021 by Renewable Market Watch on Reports, Outlooks, Analyses, Insights, Forecasts

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/14th December 2020, RENEWABLE MARKET WATCHTM/ Dear Friends and Partners, thank you very much for your trust in Renewable Market WatchTM! We are pleased to announce a Discount Sale Promotion on all our reports titles covering the 2020 - 2030 period. For any purchase between 15th December 2020 and 31st January 2021, you will receive a 20 % discount from regular report prices for a 1-year subscription period and up to 4 quarterly updates for any report order about titles for the 2020 - 2030 period. Discount is already applied to the mentioned report titles. Thus, you may order without bothering of entering promo codes our other information. Furthermore, for any order in the period mentioned above, we will donate 5% of the report cost for the fight with COVID-19 and other related pandemic threats to organizations such as the Red Cross, World Health Organization, UNICEF, NGOs, universities, and biotech companies. The clients who ordered reports in this period will receive a copy of the document certifying our donation. You may access reports from here: Renewable Energy Market Reports. If you have any questions, please do not hesitate to write to us at We would like to wish you wonderful Christmas and New Year holidays full of positive emotions! Enjoy your shopping! Sincerely yours, Renewable Market WatchTM

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RE-Source 2020 – The European PPA market – an overview

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/7th December 2020, Brussels/ Corporate Cumulative PPA capacities in Europe: So far, Europe has seen a cumulative 11.1 gigawatt (GW) of contracted renewable energy power purchase agreements (PPAs) by volume. That’s a significant increase compared to the 2.2 GW of cumulative PPA capacity in 2016. There is an increasing trend in PPAs signed in Europe annually (s. Figure 1) with a total of 145 PPAs signed in Europe to date. The demand for renewable energies spans across Europe with PPAs signed in as much as 13 different countries: Italy, Poland, France, Denmark, Belgium, Ireland, Germany, the Netherlands, Finland, the U.K., Spain, Sweden and Norway. In terms of project volume, 73% of renewable PPAs signed in Europe source electricity from wind energy.

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RE-Source 2020: Global demand for corporate renewable electricity sourcing continues to grow despite COVID-19 pandemic

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/7th December 2020, Brussels/ Corporate renewable electricity sourcing in Europe has shown continuous growth despite the COVID-19 pandemic, demonstrating the resilience and potential of Europe’s renewable energy sector. In November 2020, the cumulative contracted volume of corporate renewable power purchase agreements (PPAs) in Europe reached the 11 GW mark, up from just 2.2 GW by the end of 2016 and with a record 3 GW contracted in 2020 alone. This shows that more and more companies are stepping up to the challenge of reducing carbon emissions with renewable electricity, in line with the EU’s plans for a green economic recovery.

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New Update is Published of the Europe Solar Power Market Outlook 2020 - 2030 with Trends, Investments, Analysis, COVID-19 Impact, Projections

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/30th November 2020, RENEWABLE MARKET WATCHTM/ Solar energy is the fastest-growing and lowest cost source in the world. In Europe, solar capacity increased by 36 percent to 8.5GW in 2018. However, 2019 was a huge success for the European solar PV market with a 104 percent increase of newly installed solar PV capacity (16.7GW) compared to 2018 (8.5GW), according to the Europe Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030. Cumulative installed solar capacity in Europe reached 131.9GW by the end of 2019, which is a 14 percent increase compared to 115.2GW at the end of 2018. By the end of 2020, several member states in the European Union have to speed up to meet their 2020 renewable energy targets. Furthermore, Renewable Market Watch™ expects countries such as Spain, France, and Italy shall take their place at the GW-scale annual installation level. Most of the countries in Europe agree with the new 32% EU 2030 renewables target. The ‘Clean Energy for all Europeans’ package gives the solar sector a solid policy framework that paves the way for much more versatile, low-cost solar investments in Europe. The European Green Deal is the new roadmap for making the EU's economy sustainable. This will happen by turning climate and environmental challenges into opportunities across all policy areas and making the transition just and inclusive for all.

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PV-ezRack Launches First High-rise Solar Mounting Solution – The SolarBalcony

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/19th November 2020, Clenergy/ The PV-ezRack by Clenergy remains committed to developing innovative mounting systems and solutions for the global market. Thanks to multiple tests conducted in the past few months, the company's R&D team has launched the latest ‘Elevate series’ with its premier product, SolarBalcony mounting system. PV-ezRack® SolarBalcony as the name suggests is a brand-new mounting structure for PV installations on high-rise balconies. See below the top 3 benefits of this newly released solar mounting solution. Easy Installation for Battery Power All pre-assembled parts allow for fast, easy, and cost-efficient installation. Looking for a solar power for your off-grid battery. This mounting frame brings you one step closer to achieving this. Manufactured using 6005-T5 Aluminium alloy and 304 stainless steel in different anodized thicknesses, PV-ezRack® SolarBalcony features excellent corrosion resistance and durability. It applies to coastal regions and many other harsh environments, which are more susceptible to corrosion.

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Poland Solar Photovoltaic (PV) Power Market Outlook 2020÷2030 with Trends, Investments, Financial Model, Analysis, COVID-19 Impact

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/3rd November 2020, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the photovoltaic sector of the country for the next 10 years period 2020 ÷ 2030. Poland is a very interesting market, according to the Poland Solar Photovoltaic (PV) Power Market Outlook 2020÷2030, due to its political and economic stability, high prices for electricity, and heavy dependence on coal and lignite in power generation, which should be changed to comply with EU renewable policy. Because of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria Romania, and Italy, Poland represents a stable investment environment in Central-East Europe. Consuming 77 million tonnes of coal per year, Poland is the 10th largest coal consumer in the world and the 2nd largest in the EU, after Germany. The Central Mining Institute of Poland estimates that coal production will fall by one third in 2030 if no investments are made in the sector.

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Briska Gora Solar Photovoltaic Power Plant in Montenegro with Increased Capacity to 262 MW

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/26th October 2020, Dnevne Novine, Crnogorski ekonomski, RENEWABLE MARKET WATCHTM/ The Government of Montenegro stated that all preconditions have been created for the construction of the solar power plant "Briska Gora" on an area of ​​as much as 925.25 hectares, is twice as large as previously planned, Dnevne Novine writes. Amendments to the Spatial Development Plan in Ulcinj, Montenegro propose to increase the zone for the construction of a solar power plant from 467 hectares to 925.25 hectares. "It is proposed to increase the solar power plant's capacity from 118 MW to 262 MW". This is stated in the new government information on preparing documentation for the needs of development projects. Montenegro will need to invest in additional power generation capacity in the coming years to compensate expected decommissioning of the existing Pljevlja coal plant, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2020÷2030. The country has no infrastructure for natural gas distribution and does not currently extract oil, though the government is interested in oil and gas production in the Adriatic Sea.

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