European Commission

/BRUSSELS, March 21, 2024, 11:00 GMT, European Commission, RENEWABLE MARKET WATCHTM/ Today, the EU Mission Label was awarded to 23 cities as part of the EU Mission for Climate-Neutral and Smart Cities, one of the EU Missions under Horizon Europe. The Label recognises the cities' plans to achieve climate neutrality by 2030 and aims to facilitate access to public and private funding towards that objective. The first ten cities received the Label in October 2023. The EU Mission Label was awarded by Iliana Ivanova, Commissioner for Innovation, Research, Culture, Education and Youth…

/LONDON, March 5, 2024, 9:00 GMT, RENEWABLE MARKET WATCHTM/ The growth of the European solar power market in 2023 had a remarkable performance. The annual installed capacity solar photovoltaic (PV) capacity in Europe reached 307 GW at the end of 2023, which is a 24 per cent increase compared to 247.6 GW at the end of 2022, according to the recently published study Europe Solar Photovoltaic (PV) Power Market Outlook 2024 ÷ 2033. Germany was again the largest market in 2023, adding a record 14.1 GW of new capacity, followed by…

/BRUSSELS, January 8, 2024, 12:00 GMT, European Commission, RENEWABLE MARKET WATCHTM/ The European Commission has approved a €2.9 billion French scheme for supporting investment in green industries (tax credit for investment in green industries) to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 and amended on 20 November 2023, to support measures in sectors which are crucial for accelerating the green transition and…

/LONDON, December 18, 2023, 10:00 GMT, RENEWABLE MARKET WATCHTM/ The global renewable energy capacity growth is going to reach a new record level at the end of 2023. The world is in a global energy crisis that has not been seen for decades. The main drivers of this crisis were the growth of commodity prices since 2020 due to the COVID-19 pandemic and recovery period, the disruption of supply chains, Russia’s invasion of Ukraine in 2022 and the military conflict in Israel and Gaza in 2023. However, according to the Renewable Market…

/DUBAI, the United Arab Emirates (UAE), December 12, 2023, 9:00 GMT, RENEWABLE MARKET WATCHTM/ Renewable Market Watch™ participates in the COP28 Conference in Dubai, UAE. COP28 closed today with an agreement that signals the “beginning of the end” of the fossil fuel era by laying the ground for a swift, just and equitable transition underpinned by deep emissions cuts and scaled-up finance. In a demonstration of global solidarity, negotiators from nearly 200 Parties came together in Dubai with a decision (the UEA Consensus) on the world’s first ‘global stocktake’ to ratchet up…

/BERLIN, November 20, 2023, 9:00 CET, RENEWABLE MARKET WATCHTM/ Launched under the German G20 Presidency in 2017, the G20 Compact with Africa (CwA) has established itself as the key format for dialogue and cooperation between reform-oriented African countries, G20 partners and beyond. Backed by continued support from G20 Leaders and International Organisations, the Compact is firmly anchored in the G20 Finance Track with the Africa Advisory Group under South African-German Co-Chairmanship as its steering body. The CwA contributes to attracting increased private investment in the Compact countries through substantial improvements in the macro, business and financing frameworks.…

/LONDON, September 25, 2023, 8:30 BST, RENEWABLE MARKET WATCHTM/ The current levels of dependence on fossil fuels, the need to reduce the carbon emissions associated with energy use and the prospects of developing a new and highly innovative European technology sector make distributed solar photovoltaic energy generation increasingly attractive. EU energy ministers agreed at the end of November 2022 on the content of a Council Regulation for a temporary framework to accelerate the permit-granting process and the deployment of renewable energy projects. Reduction of permitting burden shall contribute to corporate PPAs,…

/LONDON, September 5, 2023, 9:00 BST, RENEWABLE MARKET WATCHTM/ The growth of the European solar power market in 2022 has exceeded all expectations. The cumulative installed solar photovoltaic (PV) capacity in Europe reached 244.3GW at the end of 2022, which is an almost 23 per cent increase compared to 198.8GW at the end of 2021, according to the recently published study Europe Solar Photovoltaic (PV) Power Market Outlook 2023 ÷ 2032. Germany was the largest market in 2022, adding 7.9 GW of new capacity, followed by Spain (7.5 GW), Poland (4.9…

/BRUSSELS, July 19, 2023, 14:00 BST, European Commission, RENEWABLE MARKET WATCHTM/ In their amendments to the draft legislation, Members of the European Parliament (MEPs) propose to further strengthen consumer protection against volatile prices. The reform of the electricity market, to make it more stable, affordable and sustainable, received the support of the Energy Committee on Wednesday (July 19, 2023). Consumers should have the right to fixed-price contracts, dynamic price contracts, as well as more key information on the options they sign up to, banning suppliers from being able to unilaterally change…