Romania is poised for significant growth in solar energy capacity over the next few years, according to recent projections. With a current total capacity of 2.9 GW in 2023, Romania is expected to increase its capacity to 11.7 GW by 2027. This substantial growth represents an addition of 8.7 GW of new capacity between 2024 and 2027, according to SolarPower Europe outlook. The compound annual growth rate (CAGR) for Romania's solar sector is projected to be an impressive 41%, reflecting strong momentum and investment in renewable energy. This growth is supported by favorable political prospects, as indicated by the positive outlook in the political support category. Romania's commitment to expanding its solar energy infrastructure highlights its role in the European Union's broader efforts to transition to sustainable energy sources and reduce carbon emissions. The country's robust growth rate underscores its potential as a key player in the renewable energy market in the coming years. #cisolar #cisolar2024 #solareurope #solarexpo
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$0.1mn/MW Valuation - Exploring a Solar M&A Opportunity in Romania at Below-Market Price! 🔍 Attractive Opportunity: A 49.9 MW ready-to-build solar farm in Southern Romania, valued at ~$0.1mn/MW. 💰 Competitive Pricing: This project is priced significantly below the market average for similar assets in Romania, which ranges between $0.28mn to $0.32mn per MW. 📊 Heightened Activity: The Romanian market has seen heightened M&A activity in Romania this year, with over 12 transactions for solar and wind assets so far. The activity is driven primarily by: 📜 Government Policies: Recent reintroduction of direct PPAs. 📈 High Revenue Potential: Elevated power prices enhance the financial attractiveness. This investment opportunity underscores the increasing interest and potential in Romania's renewable energy sector. #SolarEnergy #renewable #RenewableEnergy #InvestmentOpportunity #Romania #GreenInvestment #energy #SustainableEnergy #SolarPower #MergersAndAcquisitions #GovernmentPolicy #HighRevenue #EnergySector #EcoFriendly #FutureOfEnergy #CleanEnergy #PowerPrices
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The recent report by Solar Power Europe highlights a remarkable 94% growth in the European #BESS market in 2023, with around 17.2 GWh of battery projects installed, bringing the total capacity to 36 GWh. Germany leads the market with a 34% share and a 152% increase from 2022, followed by Italy 22% share, 86% growth and the UK 15% share, 91% growth. Despite this growth, achieving the necessary 200 GW installed capacity by 2030 remains a challenge. Nofar is a global leader in the #BESS market with projects in leading markets. Nofar has a growing storage portfolio with capacity of around 7,500 MWh across various regions, including the Germany, Italy, UK, the United States, Israel, Greece, Romania, and Poland. Nofar Energy is at the forefront of global efforts to harness the power of renewable energy. #EnergyStorage #RenewableEnergy #SolarPower #Sustainability #BESS
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Great news for renewable energy in Romania was announced today by Minister of Energy of Romania Sebastian Burduja! He reported that the European Commission has approved a €3 billion financing scheme for 5000MW of solar and wind projects in Romania. This funding, sourced from the Modernization Fund, marks a significant step in Romania's energy transition. The projects, consisting of 3000MW of solar parks and 2000MW of wind parks, represent the largest investment in Romania's energy sector. Through contracts for difference, the sale price of electricity generated by these projects will be fixed for the next 15 years. This approval is seen as a big milestone in Romania's efforts to support green energy production, leading to lower electricity prices, cleaner air, and increased energy production. Keep going Romania! #GoGreenRomania #CISOLAR2024Bucharest
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Accelerating Spain’s Energy Transformation: LONGi to Supply Naturgy with 1 Million Modules in New Deal Solar technology leader LONGi and energy utility firm Naturgy have signed a new module shipment agreement for Naturgy’s 2024 solar projects in Spain. LONGi will deliver just over one million modules from its Hi-MO 5 series, with a total output volume of 574 MWp. These bifacial modules feature a 21.3% efficiency rate, along with LONGi’s gallium-doped technology, which is designed to reduce light-induced degradation and extend the modules’ power generation long-term, particularly important in the high heat and solar irradiance of Spain. The Spanish multinational Naturgy plans to install the modules at upcoming projects in four project locations across the country, […] Read the full story here: https://lnkd.in/d3Y6cxTw #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #agreement #hi-mo5modules #longi #moduleshipment #naturgy #photovoltaic #pvmodule #renewableenergy #solarenergy #solarprojects #solartechnology #spain
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According to the latest report from UNEF, 7,489 MW of solar photovoltaic (PV) capacity was added in 2023, making Spain the second-largest solar market in Europe after Germany. ☀️ Ground-mounted solar farms led the charge with over 5.7 GW installed. Solar PV now contributes 13.6% to Spain's electricity generation - up from 10% in 2022. The sector generated an impressive €18 billion impact on Spain's GDP, creating 160,000 jobs in 2023 alone. As Spain pushes toward 76 GW of solar PV by 2030, investment in R&D and innovation remains strong. However, the future will require further energy storage solutions and supportive regulatory policies to ensure the continued growth of solar power. We are excited to see Spain reach a remarkable milestone in its renewable energy journey! 🇪🇸 #GreenHarbour #RenewableEnergy #SolarPower #GreenEnergy #Spain #Sustainability #Innovation #CleanEnergy
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Investment in renewable energy is not just an option; it's a necessity for a sustainable future. Romania's renewable energy sector, particularly solar PV and Battery Energy Storage Systems (BESS), is at the forefront of this transformation. The commitment to expand solar PV installations and integrate BESS projects highlights Romania's proactive approach in harnessing clean energy. These investments are crucial for enhancing energy security, supporting grid stability, and propelling the country towards its 2030 decarbonisation objectives. But what sets Romania apart in the renewables market? It's the strategic blend of policy support, geographical advantage, and a growing ecosystem of expertise. This combination makes Romania's renewable sector ripe for investment, innovation, and growth. The advancement in solar PV and BESS underscores the pivotal role these technologies play in Romania's energy transition. It's not just about generating renewable energy; it's about creating a resilient, efficient, and sustainable energy system for future generations. What do you think is the next big step for Romania in renewable energy adoption? #RenewableEnergy #SolarPV #BESS #SustainableInvestment
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A precise summary on the renewable energy mix.
📌 The race for zero emission electricity generation in Europe is in full swing! Renewable energy capacity additions reached a record last year. As a result, renewables accounted for 44% of electricity generation in 2023, up from 39% in 2022. Congrats! Here are some of the countries, making great progress: Share of green electricity 2022/2023 in percent ✅ Austria: 76 / 87 ✅ Germany: 43 / 55 ✅ Portugal: 49 / 61 ✅ Spain: 42 / 51 These are some of the countries lagging behind: ❌ Bulgaria: 19 / 21 ❌ France: 25 / 26 ❌ Cyprus: 17 / 21 Policy support and falling costs are among the main drivers of renewables momentum. In addition, electricity prices remain higher than in 2018 to 2020, and are expected to remain above these levels in the coming years. 🎯The EU is targeting a 72% share of renewable energy in the electricity mix by 2030. 🎯 Solar PV is well on track to meet its expansion targets. 2023 capacity additions reached almost 55 GW. 📢 Wind power needs to pick up the pace, adding only 16 GW in 2023. The market environment for wind energy is positive, but high construction costs, supply chain hurdles and permitting constraints are dampening momentum. Don't be fooled by the capacity figures – wind is ultimately more efficient for electricity generation than solar PV. #energytransition #energyinvestment #SolarForEurope #WindEurope
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📈 Wind and solar power have surpassed fossil fuels in 13 EU member states: 𝐀𝐮𝐬𝐭𝐫𝐢𝐚, 𝐁𝐞𝐥𝐠𝐢𝐮𝐦, 𝐃𝐞𝐧𝐦𝐚𝐫𝐤, 𝐅𝐢𝐧𝐥𝐚𝐧𝐝, 𝐅𝐫𝐚𝐧𝐜𝐞, 𝐆𝐞𝐫𝐦𝐚𝐧𝐲, 𝐇𝐮𝐧𝐠𝐚𝐫𝐲, 𝐋𝐢𝐭𝐡𝐮𝐚𝐧𝐢𝐚, 𝐋𝐮𝐱𝐞𝐦𝐛𝐨𝐮𝐫𝐠, 𝐏𝐨𝐫𝐭𝐮𝐠𝐚𝐥, 𝐒𝐩𝐚𝐢𝐧, 𝐭𝐡𝐞 𝐍𝐞𝐭𝐡𝐞𝐫𝐥𝐚𝐧𝐝𝐬, and 𝐒𝐰𝐞𝐝𝐞𝐧. These countries account for 70% of the EU’s total electricity demand, while the remaining 30% is distributed among 14 other states. Five years ago, only four out of 27 countries generated more electricity from wind and solar than from fossil fuels, which then contributed to only 20% of the bloc’s electricity demand. In the first half of 2024, Belgium, Germany, Hungary, and the Netherlands achieved a significant milestone by surpassing fossil fuels in their electricity generation. During this period, five countries—Belgium, France, Germany, Italy, and Spain—accounted for three-quarters of the decrease in EU fossil fuel generation. Germany experienced the largest reduction, with coal generation falling by over 25%. Additionally, other countries reached notable renewable energy milestones recently. In May, Spain generated more than half of its electricity from wind and solar for the first time. Poland crossed the 33% mark for electricity from these sources in the same month. Meanwhile, Hungary set consecutive records for solar generation in April, May, and June. #csls #myklu #factfriday #renewable #energy #europe #sustainability
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370W-710W Mono solar panels, covering Perc, TOPCon, and HJT technologies, supporting OEM and ODM services.
In South Africa's burgeoning solar panel market, recent developments indicate a surge in demand driven by government incentives and growing environmental consciousness. Local and international firms are ramping up production and distribution efforts to meet the rising needs for clean energy solutions. With favorable policies and increasing investments, South Africa is poised to become a key player in the global solar industry, contributing significantly to the country's renewable energy goals. #SUNERGY #solar #solarsolution #solarenergy
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Last week, WiseEnergy's Global Head of Business Development and Innovation, Silvia Strada attended Energyear in Bucharest. The event discussed the new regulations the Romanian government have introduced over the past year, with the Contract for Difference #CFD mechanism and grid connection auctions standing out as key areas of focus. These initiatives aim to bolster solar development, enhancing renewable energy projects across the region. #BESS was also highlighted as a significant and emerging opportunity within the market, though currently in its initial development stage in the region. With a goal to increase wind and solar capacity by 10GW by 2030, it is clear that Romania is making significant strides in its path towards a sustainable energy future. | #Energyear | #EnergyearEasternEurope | #Romania | #CleanEnergy | #Renewables | #Conference | #Assetmanagement | #Energytransition |
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