Central East and South East Europe Solar Photovoltaic (PV) Power Market Outlook 2017÷2026
/10th November 2017, by Renewable Market Watch™/
Solar energy continued to expand in the CEE and SEE region in 2016 with record solar PV capacity being commissioned against the backdrop of rising worldwide energy consumption – particularly in developing countries and emerging economies. Global new investment in renewable power and fuels amounted to USD 242 billion.
Modern solar photovoltaic (PV) technologies are uniquely positioned to provide needed energy services in a sustainable manner, more rapidly and generally at lower cost than fossil fuels. Their potential in South East and Central East Europe, and in Turkey remains very significant. From a global perspective, the CEE and SEE region is over-performing in terms of electricity access. All of the observed 17 countries reported a 100% electrification rate in 2016.
Multilateral and bilateral donors as well as local governments are financing several projects to promote renewable energy solutions for improved energy access. Energy intensity in the region remains high in the global context, despite reductions driven by climatic and structural economic factors and by inefficiency in energy conversion.
Reductions in energy consumption alongside simultaneous economic growth have been observed in South East Europe and Moldova. Most energy efficiency policies and projects are targeting buildings, but efficiency in industry and transport also needs to be scaled up, considering the available potential for energy savings.
Renewable Market Watch™ published the new report Central East and South East Europe Solar Photovoltaic (PV) Power Market Outlook 2017÷2026. The report provides updated data for Turkey as well as for countries in South East Europe, which face some common challenges as they advance in deploying solar energy and improving energy efficiency.
The more information about solar PV power market in the Central East Europe (CEE) and South East Europe (SEE), including full contact details of solar PV project owners and developers you may read here: Central East and South East Europe Solar Photovoltaic (PV) Power Market Outlook 2017÷2026
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