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New 1 GW Solar PV Module Manufacturing Plant Inaugurated in Bulgaria

/SOFIA, BULGARIA, October 1, 2026, 11:30 CEST, RENEWABLE MARKET WATCH™/ Bulgarian company VESS Modules has launched a state-of-the-art, fully automated photovoltaic module manufacturing facility in Kardzhali, representing a strategic €15 million investment. The new plant is set to create 200 skilled jobs, positioning Kardzhali as an emerging hub for advanced solar technology production in Europe.
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198 Organisations Signed a Joint Letter to Urge the European Commission to Elaborate a Fossil Fuel Exit Plan

/BRUSSELS, September 14, 2026, 9:00 CEST, RENEWABLE MARKET WATCH™/ In the run-up to the 2026 State of the Union address, a broad coalition of 198 organisations—including business groups, consumer advocates, city networks, and industry associations—has called on the European Commission to deliver a decisive, science-based exit plan from fossil fuels. The signatories are demanding a clear roadmap to an affordable, secure, and domestically sourced renewable energy future, citing mounting economic and operational risks for European industry and households.
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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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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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