Romania and Bulgaria were among the EU countries who posted highest reductions of carbon emissions last year (2013), according to a Eurostat survey. The drop is explained by the increase in renewable energy capacity contributing to reducing the reliance on fossil fuels, as well as various EU energy efficiency initiatives that aim to reduce emissions of CO2 and other greenhouse gases.
While matured renewable energy markets like Germany, France and Itally slowed down its speed between 2011 and 2013, on the other side of the continent, Central Eastern Europe (CEE) and South Esatern Europe (SEE) is now at the verge of a huge renewable energy expansion and offers amazing opportunities to international players. In Romania and Greece, over 2,100 MW of photovoltaic power were installed in 2013 and the industry in CEE and SEE countries shows no sign of slowing down. Turkey is now keen to catch up with the rest of Europe which has been demonstrated by the fast growth of their renewable energy industries over the last few years. To support this growth numerous CEE and SEE governments have introduced attractive feed-in tariffs but the ongoing financial crisis has had its negative impact. The Czech and the Bulgarian policy makers were the first to announce cuttings in the subsidies for renewable energy for an unlimited period of time.
The purpose of this document is to provide you with first-hand data on the risks and opportunities in the CEE and SEE solar PV sectors so you can adapt your investment strategy accordingly and maximise your chances of success. It will give you tools and directions to efficiently capitalise on the CEE and SEE renewable energy boom and build up a solid long term business in the region.
If you are considering investing in the photovoltaic industry of the CEE and SEE region you simply must take a look at the stats we have gathered to make your choice easier and more accurate.
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