Centrica’s Post

Recent years were marked by a photovoltaic power plant boom in Hungary and since the publication of our expert guide, the decade-long ban on wind farms has finally been lifted, opening up new investment prospects beyond the current strong growth in solar investment.    The next edition of the CMS Expert Guide to Renewable Energy provides an overview of the challenges and opportunities for renewable energy projects in nearly 40 countries, including Hungary. Each country chapter focuses on three key developments to illustrate the key areas of interest.   If you would like to dive deeper into these areas, or discuss other areas, please feel free to contact our experts, Péter Simon, Zsófia Hermann and Péter Deák. The Hungarian country-specific part of the CMS Expert Guide to Renewable Energy was co-authored by Rebeka Erdősi. Read the Guide here: https://lnkd.in/dbFjENTu #cmslaw #renewableenergy #renewables

𝐇𝐨𝐰 𝐢𝐬 𝐭𝐡𝐞 𝐄𝐔 𝐝𝐨𝐢𝐧𝐠 𝐟𝐨𝐫 𝐬𝐨𝐥𝐚𝐫 𝐩𝐨𝐰𝐞𝐫? Germany leads Europe in solar energy potential with a staggering 67 gigawatts of installed photovoltaic capacity, according to the International Renewable Energy Agency (IRENA). The growth rate in Germany, though modest compared to its European counterparts, still marks a significant advancement. On the other hand, Poland emerges as a solar growth champion, with an impressive average annual increase of 137% since 2013. Additionally, China's contribution to the global solar capacity is noteworthy, being a major supplier of solar panels to countries like Germany. Which strategies could accelerate solar energy growth across Europe? Engage with your insights on expanding renewable energy. 📬 Stay ahead in sustainability & energy. Join our WEEKLY TOP10 newsletter. Sign up: https://lnkd.in/dTdMp9j #SolarPower #RenewableEnergy #illuminem

Albania has made a considerable stride in Renewable Energy by awarding 283.9 MW of solar capacity through a highly competitive auction. With bids far exceeding expectations, the lowest offer came in at an impressive EUR 39.7 per MWh, well below the initial cap. This auction, part of Albania's plan to add 1 GW of photovoltaic capacity, illustrates the country's commitment to sustainable growth and Energy diversification. 🌞⚡ The awarded projects, spread across the country, are set to strengthen the national grid and optimise Albania’s solar potential. 📈 To learn more about this, click the link in the comments below! ⬇️ #RenewableEnergy #SolarPower #AlbaniaGreenEnergy #SustainableGrowth #EnergyInnovation #CleanEnergy #GreenFuture #SolarEnergy #EcoFriendly #Renewables #EnergyTransition

Last month, our Portugal Country Manager, Jorge Adelino F. attended an event organised by the Country's transmission system operator REN, on the importance of balancing market services and the upside that can be made on top of the proceeds made by wind and solar farms. ☀   Portugal is one of the leading nations in its renewable energy generation and commendable targets, aiming to generate 85% of its annual electricity usage from renewable sources by 2030. Storage, in our view is pivotal in supporting the increase in renewables with stand-alone battery storage systems having the ability to provide critical, fast reacting, balancing services to the electricity grid. 🔋   As a battery storage Developer first mover, our aim is to deliver over 2GW of BESS projects in the next 5-7 years in Portugal and have been working on securing land in prime locations to connect directly into the electricity grid. 🔌   We are encouraged by the news that primary regulation frequency reserve services are expected  to be remunerated in 2026 which will be a real catalyst for the BESS market in Portugal and we are excited by how our projects can support the transition.    We encourage the future Government to implement the much needed National Storage Strategy and to amend the Storage target from 1GW to a minimum of 2GW in the PNEC 2030 National Plan.   #portugalenergytransition #bess #storage

We're thrilled to share that Romania's first photovoltaic (PV) project using steel-framed HJT modules from Risen Energy has successfully connected to the grid! ⚡️🔌 This 3.1MW project, developed by Solar Planners and managed by our loyal partner, Bogdan Butnaru, MBA, showcases their forward-thinking approach and dedication to advancing renewable energy. By selecting Risen Energy's high-efficiency HJT modules, Solar Planners ensured top-tier performance and long-term reliability, setting a new benchmark for solar projects in Romania. 📈🔋 This achievement not only showcases the benefits of Risen Energy's innovative technology but also provides a strong reference for future solar developments in the country. Together, Solar Planners and Risen Energy are pushing the boundaries of clean energy and paving the way for a sustainable future.🌱 #RisenEnergy #HJT #SolarPower #PVInnovation #RenewableEnergy #Sustainability #Romania

EY's 63rd Renewable Energy Country Attractiveness Index (RECAI) has named the United States as the leading market for renewable energy investment, driven by significant solar installations and federal support for grid upgrades. China and Germany follow in second and third places respectively, with China advancing due to legislative support for renewables, and Germany maintaining strong participation in solar PV auctions. Other notable countries include France, Australia, and the UK, with India needing substantial investment to meet future targets. Despite global clean energy investments reaching $1.8 trillion in 2023, the report indicates that this is insufficient to meet the required targets for 2030, highlighting the need for improved infrastructure and further investment, especially in battery energy storage systems. https://lnkd.in/guYpS6BJ #RenewableEnergy #EnergyTransition #OdinGlobal

Uzbekistan's journey towards renewable energy leadership is marked by significant achievements in solar and wind power, leveraging the country’s high solar irradiation and strong wind energy potential. Currently, Uzbekistan’s target is to increase the share of renewables in the energy market to 20% by next year, with plans to reach 25% by 2030.   This commitment to sustainable energy is transforming the energy landscape, making Uzbekistan a key player in the green generation scene across Central Asia.   Visit our website to learn more 👇 https://tiif.online/   #Uzbekistan #RenewableEnergy #SustainableDevelopment #GreenEnergy #Investors #CentralAsia

🌞 Cuba's Ambitious Solar Expansion: 1,000 MW in 2 Years! ⚡ Cuba is making strides in renewable energy! By 2026, the island plans to install 1,000 megawatts of solar energy through two major projects launched this year. With 26 solar parks already under construction, Cuba aims to achieve a 12% photovoltaic penetration in its energy mix by 2031. Currently, over 1 million panels are in place, with plans to add 3.6 million more. The first 10 large-scale solar parks (each providing 22 MW) will be operational by 2025, adding 220 MW to the 280 MW already in place. 💡 This transformation is part of Cuba's Energy Transition Strategy, targeting reduced dependence on costly and outdated thermoelectric plants. 🔋 #RenewableEnergy #SolarPower #CubaEnergy #EnergyTransition

🚀 🇧🇷Great News for Energy Storage in Brazil! 🇧🇷 By Energy-storage: #Brazil is launching an auction for Battery Energy Storage Systems (BESS) in 2025! This exciting announcement from the Brazilian government, led by Minister Alexandre Silveira de Oliveira, is set to bring major battery manufacturers to the country, boosting innovation and technology in the energy storage sector. This is a huge step for Brazil, furthering the growth of renewable energy sources like solar PV and wind! 🌞🌬️ Details on capacity and auction allocations are still to come, but this marks a major milestone for Brazil's energy future. #GreatNews #EnergyStorage #BESS #RenewableEnergy #SolarEnergy #WindEnergy #Brazil #EnergyInnovation #Sustainability #CleanEnergy #BatteryStorage #GreenEnergy #BrazilEnergy #EnergyTech #LinkedInTech

📃 We have updated the description of procedure for the use of electricity transmission grid. This will help renewable energy developers smoothly and successfully implement ongoing projects, while also simplifying procedures for newcomers. ✅ In the improved description, we have clarified the document provisions, reduced risks for developers and financial institutions that provide resources for them, and detailed the power plant management processes. Additionally, we have eliminated redundant requirements, streamlining the development process for renewable energy projects. 🔆 The updated description of procedure for the use of electricity transmission grid aligns with Lithuania’s strategic goals and the aim of National Energy Independence Strategy to generate all necessary electricity from local renewable energy sources by 2030. ⚡Jovita Kildienė, Head of Customer Service at Litgrid’s Renewable Energy Integration Centre, emphasizes that the favorable regulatory environment for green energy development is one of Lithuania’s competitive advantages in the region: “The current regulations allow renewable energy projects to be initiated in Lithuania faster than in neighboring countries. As a result, we have already signed agreements on renewable energy projects that would cover more than 100% of the country’s consumption after their implementation.” #RES #EnergyTransformationPartners #Renewables #EnergyIndependence