The electric power sector in Europe and CEE & SEE countries particularly is currently facing different changes and evolution mainly in response to the three European Union (EU) energy-related challenges – environmental sustainability, security of supply, and competitiveness – within a context of growing electricity demand. These issues may also represent drivers for the further penetration of Distributed Power Generation (hereinafter simply Distributed Generation, or DG) technologies in Europe. In fact, several EU countries are already recording a gradual and steady upward trend in deploying distributed power sources.
Romania and Bulgaria have been recorded among those EU countries who posted highest reductions of CO2 emissions in 2013, according to a Eurostat survey. This reduction is due to the increase in renewable energy capacity contributing to reducing the reliability 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 new photovoltaic power were installed in 2013 and the industry in CEE and SEE countries shows sign to continue its growth in 2015 and the next years. Turkey changed its government target for solar power from 3,000 MW to 5,000 MW by 2023 and 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 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 that you can adapt your investment strategy appropriately and maximize your chances of success. It will give you tools and directions to efficiently capitalize 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 solar 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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