European

/LONDON, November 11, 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…

/TALLINN, ESTONIA, November 1, 2024, 9:00 GMT, Sunly/ This autumn, the renewable energy company Sunly started work on three large solar park projects in Latvia, with a combined capacity reaching 225 MW. These projects will be capable of meeting the annual electricity consumption of over 118.000 households. The parks are planned to be developed in the Valmiera, Krāslava, and Madona regions. Work has already begun on the first project in Valmiera Municipality, where a 54 MW solar park will be developed near Matīši village. Simultaneously, work has commerced on a substation…

/LONDON, October 30, 2024, 11:15 GMT, RENEWABLE MARKET WATCHTM/ The European corporate renewable PPA market has proliferated by an almost seven-fold increase from 2016 until 2023. 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. The European Institutions have agreed in 2023 on a revised text of the EU Renewable Energy Directive (RED III), which should help further speed up permitting for new and repowered renewable…

/TSENOVO, BULGARIA, October 15, 2024, 9:30 CEST, RENEWABLE MARKET WATCHTM/ Enery, a leading renewable energy solutions provider, announces the official opening of its largest solar power plant in Tsenovo Municipality, North Bulgaria. The Tsenovo Solar Plant expands the company’s portfolio with an additional 113 MWp (80 MWac), contributing to the region’s decarbonization. Located across several sites, the solar park spans over 140 hectares of land. The facility has 191,282 solar modules and can generate 177 GWh of clean electricity annually. This is equivalent to powering more than 48,000 households and…

/MUNICH, GERMANY, October 8, 2024, 11:00 CET, BayWa r.e./ BayWa r.e. is pleased to announce the completion of the Tarquinia solar park in Italy with an installed capacity of 51.4 MWp. The plant consists of more than 94,000 fixed solar modules providing electricity from renewable sources to more than 35,000 households. BayWa r.e. acted as the general contractor and developer of the project, managing not only the development of the park and all the authorisation phases, but also its construction and the installation of the photovoltaic (PV) panels. With work now…

/Belgrade, Serbia, September 23, 2024, 10:00 BST, Masdar/ Abu Dhabi Future Energy Company PJSC – Masdar, the United Arab Emirates’ clean energy powerhouse, today announced the financial close for the 154 megawatt (MW) Čibuk 2 wind farm in Serbia. The financial close agreement was signed at a special ceremony on the sidelines of RES Serbia 2024 in the presence of Serbia’s Minister of Mining and Energy, Dubravka Djedović Handanović, Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi, Taaleri’s Group CEO, Peter Ramsay and Taaleri Energia Managing Director, Kai Rintala.

/LONDON, September 20, 2024, 14:00 GMT, RENEWABLE MARKET WATCHTM/ Türkiye has announced plans to increase its renewable energy generation capacity with 60 GW of new solar and wind facilities by 2035. New investments of USD 10 billion will be implemented to strengthen the grid network. Up to USD 100 billion will be spent on this new initiative, and the country's cumulative solar and wind capacity will exceed 100 GW by 2035..

/Swindon/Essen, September 3, 2024, 9:30 BST, RWE/ RWE, the UK’s leading power producer, has been awarded Contracts for Difference (CfD) for five of its renewable energy projects in the latest Allocation Round 6 (AR6). The CfD awards have been made to RWE by the Low Carbon Contracts Company, on behalf of the UK Government, following successful bids for two onshore and three solar PV projects (see table below). The inflation-indexed strike price for RWE’s onshore projects was £50.9/MWh and for solar £50.07/MWh (based on 2012 prices).

/BUCHAREST, August 5, 2024, 11:00 CEST, RENEWABLE MARKET WATCHTM/ The European Bank for Reconstruction and Development (EBRD) announced today its decision to provide €12.2 million for the construction of two solar photovoltaic power plants in Romania's Dolj County. This is part of a limited recourse financing package aimed at boosting renewable construction in the country and supporting Romania in meeting its ambitious renewable energy targets. The Eastern European country has committed to increasing the share of renewables in its total energy consumption from 24.3 per cent in 2019 to a…