Western Balkans Solar Photovoltaic (PV) Power Market Report 2020÷2030 with Trends, Investments, Financial Model, Analysis, COVID-19 Impact
/5th January 2021, RENEWABLE MARKET WATCHTM/ This market report offer an incisive and reliable overview of the solar photovoltaic sector of Western Balkan countries for the period 2020 ÷ 2030. Newly installed PV capacity in this region will exceed several GWs in the next 5 years. The number of fully permitted and ready to build projects is promptly increasing. The rooftop solar PV market segment in many countries is not developed and is forecasted to score significant growth soon. All the Western Balkan countries have committed to increasing their share of renewable energy by 2020 to reach between 25 and 40 per cent of their energy mix, as part of their obligations under the Energy Community Treaty. Energy demand in the region is constantly increasing, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2020÷2030. Some countries have the possibility to exceed their electricity production demand needs with the support of renewable energy. Furthermore, Western Balkan countries are currently in various EU membership joining statuses.
In the production of electricity, coal is the prevailing energy source in Western Balkans, accounting for between 43 per cent to over 80 per cent in some countries, followed by hydropower with a share of between 15 per cent to over 85 % in some countries. In those countries with a predominant share of large coal reserves, an increase in natural gas use and renewable energy deployment can be expected in the future due to ecological requirements and the need to reduce CO2 emissions.
The Western Balkan countries are home to the most polluting plants in the whole of Europe, according to the Health and Environment Alliance (HEAL). Annual emissions from the 16 coal power plants (16 GW) in the Western Balkans are almost as high as from the 296 existing coal plants (156 GW) in the EU-28. Coal power plants in the Western Balkans cause damage to health beyond national borders due to long-distance travel of pollutants in the air. The health damage caused by combustion in coal plants is not limited to the power plant's proximity. Some pollutants in exhaust clouds from the smokestack can be transported to neighbouring European countries and beyond. This means that plants in the Western Balkans can significantly contribute to overall air pollution on the continent. Controlling air pollution from coal power plants is a huge opportunity to save 6,460 lives and 2,724 mil EUR in healthcare costs in the next decade. Implementing more stringent environmental rules in the Western Balkans is an opportunity to reduce the number of premature deaths and improve people's health not only in the Western Balkan region but across Europe.
Non-hydro renewables such as solar and wind have a limited presence in the energy mix of Western Balkan countries but are steadily increasing in the past few years. The region has a significant transformation potential towards a low carbon energy system, according to the Renewable Market Watch™. Only Albania has no reliance on coal, with the generation coming exclusively from hydro. In contrast, half of Bosnia and Herzegovina's installed capacity is based on coal-fired power plants, rising to almost two-thirds in Serbia and almost 100 per cent in Kosovo.
This report provides a complete picture of the market situation, dynamics, current issues, and future prospects. You will find more than 250 pages of valuable information in these unique, in-depth analyses of the Western Balkans solar market. You will receive an overview of how the COVID-19 (Coronavirus) will impact it. With comprehensive market data, this report brings clear and concise insights, to help investors in their decision-making process. As 2019 and 2020 were challenging years for the photovoltaic industry, making the right decisions during 2021 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer an opportunity for orders with customized report content.
Reasons to buy this market report are, but are not limited to:
- Overview of the political and economic environment of Western Balkans
- The solar resource potential of Western Balkan countries
- Estimation of the COVID-19 impact on the Western Balkans solar power markets
- Over 80 charts, tables, and maps
- Overview of Western Balkans photovoltaic market development 2010 ÷ 2030
- Grid-connected photovoltaic power installations
- Future market trends and planned solar photovoltaic projects for 2020 ÷ 2030
- Market prices of fully permitted and operational photovoltaic power projects
- Legal and energy regulatory framework for renewable projects in Western Balkan countries
- Key companies and competitive landscape in the photovoltaic sector
- Review of most relevant financing and supporting incentives
- SWOT Analysis (detailed in 5 pages)
The more information about the solar power market in Western Balkans including full contact details of solar project owners and developers you may read here: Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2021÷2030
To download the executive summary brochure with sample pages for the solar sector, please access from here: Western Balkans Solar Photovoltaic (PV) Power Market Outlook - Sample
For a better understanding of the benefits of using our reports, you may read here: Benefit List - Reports of Renewable Market Watch - 2021
About Renewable Market Watch™
Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former the Soviet Union), LATAM countries, and MENA countries. For more information about Renewable Market Watch™ please visit: