News & Analysis

Several European Countries Led by Germany with the Lowest Cost of Capital for Utility-Scale Solar PV Projects, According to New Data Released by the International Renewable Energy Agency (IRENA)

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/LONDON, May 9, 2023, 10:00 BST, IRENA, RENEWABLE MARKET WATCHTM/ The International Renewable Energy Agency (IRENA) published a new report, 'The Cost of Financing for Renewable Power'. Validated survey and interview results for the cost of capital of renewable power generation technologies were obtained for 45 countries on six continents. A total of 172 valid survey and interview responses were elicited from 56 experts through the survey and 33 experts in semi-structured interviews. The current cost of capital ranges from 1.1% to 12%.

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Romania Solar Photovoltaic (PV) Power Market Outlook 2023÷2032 with Trends, Investments, Financial Model, Analysis, Forecast

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/LONDON, April 19, 2023, 14:00 BST, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the country's solar photovoltaic sector for the next long-term period, 2023 ÷ 2032. Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12th largest country and also the 7th most populous member state of the European Union, having almost 20 million inhabitants. The cumulative installed PV capacity grew from 29 MW in 2012 to over 1,700 MW (1.7 GW) in 2021. After positive legal and regulatory changes from 2020 to 2022, the Romanian market can add more cumulative installed PV capacity in the next two years, especially under net metering and self-consumption commercial and residential installations.

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Slovenian Solar Photovoltaic (PV) Power Market with Stellar Growth in 2022 and Excellent Development Opportunities by 2030

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/LONDON, April 18, 2023, 10:30 BST, RENEWABLE MARKET WATCHTM/ By the end of 2022, Slovenia had a cumulative installed capacity of 711MW and registered an increase of 250MW compared to 2021. The country scored its best year in 2022 regarding the YoY growth in new solar PV capacity additions. The residential solar market accounted for almost all of the new capacity additions, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2023÷2032 Solar demand in Slovenia will continue as the main drivers will be prolonging the net-metering scheme extension until the end of 2023 and the energy crisis in Europe. The Ministry of Infrastructure is drafting a plan to install a new 1,000MW (1 GW) solar PV capacity in Slovenia with the support of the national transmission system operator (ELES) and the distribution system operator SODO.

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European Commission (EC) Proposes Reform of the EU Electricity Market Design to Boost Renewables, Better Protect Consumers and Enhance Industrial Competitiveness

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/BRUSSELS, March 14, 2023, 15:00 GMT, European Commission, RENEWABLE MARKET WATCHTM/ Today, the Commission has proposed to reform the EU's electricity market design to accelerate a surge in renewables and the phase-out of gas, make consumer bills less dependent on volatile fossil fuel prices, better protect consumers from future price spikes and potential market manipulation, and make the EU's industry clean and more competitive. The EU has had an efficient, well-integrated electricity market for over twenty years, allowing consumers to reap the economic benefits of a single energy market, ensuring the security of supply and stimulating the decarbonisation process.

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Bulgaria Solar Photovoltaic (PV) Power Market: Outlook 2023 - 2032 by Renewable Market Watch with Trends, Forecasts, Investments, Opportunities, Analysis

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/LONDON, March 7, 2023, 9:30 GMT, RENEWABLE MARKET WATCHTM/ Development of operational solar PV power plants in Bulgaria started with very moderate steps in 2007 but progressed at fast paces after the second half of 2010. At the end of 2022, Bulgaria's cumulative installed solar PV capacity exceeded 1,500 MW (1.5 GW). Several large-scale solar photovoltaic (PV) projects with a power capacity above 50 MW were launched into commercial operation in Bulgaria in 2022. Local and international investors will build new solar projects between 2023 and 2025. In the last few years, Bulgaria has been the focus of the investors’ interest. Furthermore, Bulgaria quickly has to diminish its dependency on Russian energy imports, and solar power is one of the best renewable energy alternatives. 

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