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Renewable Energy Market

Türkiye Focuses on Fast Electrification in its New Energy Architecture 2040

/LONDON, September 5, 2026, 11:30 BST, RENEWABLE MARKET WATCH™/ Speaking at the launch event of the “Türkiye Energy Policy Review Report” prepared by the International Energy Agency (IEA), Minister of Energy and Natural Resources Alparslan Bayraktar said, “In this new era in Turkey, we believe 100% in electrification. If you ask, ‘What is in your […]
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European Investment Bank EIB Approved Over EUR 9 Billion in Financing with Aim to Support European Businesses and Energy Autonomy

/BRUSSELS, August 27, 2026, 10:30 CEST, RENEWABLE MARKET WATCH™/ The European Investment Bank (EIB) has approved €9.2 billion in new financing to drive European economic competitiveness, fast-track the energy transition, and expand strategic global partnerships. This comprehensive package, endorsed by the EIB’s Board of Directors, allocates €4.3 billion to support companies across Croatia, the Czech […]
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POWERCHINA is Selected by ESM to Build 30 MW of ESM Solar Photovoltaic Power Plants in Oslomej and Bitola in North Macedonia

/LONDON, August 19, 2026, 10:00 BST, RENEWABLE MARKET WATCH™/ ESM has selected the Chinese POWERCHINA Jiangxi Electric Power Construction Co., Ltd. to build two new photovoltaic power plants with a total capacity of 30 MW in Oslomej and Bitola, according to official contract award notices published on the electronic procurement portal of the European Bank for Reconstruction and Development - EBRD. ESM in North Macedonia is the Elektrani na Severna Makedonija, the state-owned public electricity generation utility.
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Danube River Drought and Its Impact on Electricity Markets of Hungary, Romania and Bulgaria

/BUDAPEST, SOFIA, BUCHAREST, August 18, 2026, 9:30 CEST, RENEWABLE MARKET WATCH™/ The summer of 2026 presented an extraordinary convergence of risks across the energy sector in Central and Eastern Europe. Prolonged extreme heat and severe drought conditions drove the Danube River to historic lows, exposing critical vulnerabilities in the region’s energy infrastructure and dramatically affecting […]
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Rooftop Solar Photovoltaic Capacity of 5 000 MW Could be Installed in Budapest, 2.5 times Larger Than Paks Nuclear Power Plant

/BUDAPEST, HUNGARY, August 13, 2026, 9:30 CEST, RENEWABLE MARKET WATCH™/ “Budapest rooftops could potentially generate energy equivalent to 2.5 times the output of the Paks nuclear power plant through solar panels and energy storage systems”, Mayor Gergely Karácsony said. “It is a major development that the Hungarian Prime Minister is finally speaking about climate change […]
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Türkiye Plans to Launch its First Offshore Wind Tender by the End of March 2027

/LONDON, August 12, 2026, 11:00 BST, RENEWABLE MARKET WATCH™/ Türkiye is set to launch its first offshore wind tender in the first quarter of 2027, marking a major milestone for the country's renewable energy sector. Energy and Natural Resources Minister Alparslan Bayraktar emphasised that offshore wind is a top strategic priority for the government, with a clear target to install 5 gigawatts (GW) of offshore wind capacity by 2035. This initiative positions Türkiye to accelerate the diversification of its energy mix, strengthen energy security, and unlock new opportunities for investment…
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