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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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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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Turkish Company Eksim Energy has Accelerated its Hybrid Investments to Combine its Wind Farms with Solar Power

/LONDON, August 3, 2026, 11:00 BST, RENEWABLE MARKET WATCH™/ Eksim Energy has successfully executed hybridisation projects at the İzmir Ovacık and Balıkesir Susurluk wind farms and is now advancing similar upgrades at the Tokat Killik and Amasya Kayadüzü wind farms. With a total installed capacity reaching 1.2 GW, the company is strategically leveraging existing grid […]
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Bulgaria’s Battery Storage Revolution: For Three Years from Ground Zero to Europe’s Fastest-Growing BESS Market

/SOFIA, BULGARIA, July 9, 2026, 9:00 CEST, RENEWABLE MARKET WATCH™/ Over the past three years, Bulgaria has transformed from a marginal player to the most dynamic battery energy storage (BESS) market in Europe, driven by targeted and effective support measures. Installed and contracted capacity has already surpassed the country’s 2030 policy target by four years. […]
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TBEA Launched 550 kW String Inverter for Utility-Scale Solar Installations and Integrated Solar-Plus-Storage and Showed it at Intersolar Europe 2026

/MUNICH, GERMANY, June 30, 2026, 9:00 CEST, RENEWABLE MARKET WATCH™/ The new inverter is engineered specifically for deployment with standardised 5 MW and 5.5 MW photovoltaic (PV) sub-arrays, targeting significant reductions in balance-of-system (BOS) costs for utility-scale projects. With a maximum efficiency rating of 99.0% and a high-voltage architecture supporting up to 1,600 Vdc and […]
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European Investment Bank (EIB) Group to Support EU Tripartite Initiative to Accelerate Energy Storage Deployment

/BRUSSELS, June 29, 2026, 10:00 CEST, RENEWABLE MARKET WATCH™/ The European Investment Bank (EIB) Group is actively supporting a major EU-level initiative designed to accelerate the large-scale deployment of energy storage as a critical pillar of the clean energy transition. Announced in conjunction with the meeting of EU energy ministers in Luxembourg, this strategic tripartite […]
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