Central East and South East Europe Solar Photovoltaic (PV) Power Market Outlook 2018÷2027

 

/10th June 2018, by Renewable Market Watch™/

 

Solar energy is at the core of sustainable development, and the Central East Europe (CEE) and South East Europe (SEE) countries have been promoting the development and implementation of energy security strategies. These strategies are aimed at balancing economic development with environmental sustainability, while respecting social values.

This is particularly important for the Western Balkans region. These countries are experiencing numerous challenges in the field of energy, such as the need to modernise energy infrastructure, rising public debt, concerns about security of supply, a lack of established strategies for energy efficiency, and the need for robust demand management. A well-developed national policy framework, targeted investments, and improved energy management practices are needed to satisfy the growing demand for energy in an environmentally sustainable way.

Most countries in the region exploit the grid infrastructure from the Soviet Union era, designed with strong centralisation and monopolies as well as large-scale and inefficient power generation plants. The countries of CEE & SEE region are facing numerous environmental challenges. The increasing of energy efficiency and renewable energy application is the best way for sustainable economic development of the region. 

Strengthened enabling policy, regulatory and institutional conditions, and strong support schemes for renewables, among other measures, could improve the risk perception of the region. These would give positive signals to investors in the non-EU part of the region, in particular. The major identified barriers include:

  • the absence of a long-term strong and stable renewable energy policy environment in the region;
  • inadequately designed Power Purchase Agreements (PPAs) that do not meet investor requirements;
  • high administrative barriers, adding to transaction costs for businesses;
  • and a lack of sufficiently attractive and consistent renewable energy support systems.
  • In addition, several technical challenges exist, such as grid limitations and insufficient experience with the grid integration of variable renewables.

The region has, however, already stepped up its efforts to improve the investment framework and tackle the major challenges hindering a more accelerated renewables deployment. At the same time, the region is taking steps to introduce more market-based support schemes, moving from feed-in-tariffs (FITs), largely implemented in the region, to feed-in-premium (FIP) systems (in Albania and Croatia, for example). Due to limited competition in the energy markets and the early stage of renewable energy development, there are, however, concerns about the auction scheme being a suitable model.

Looking to the future, the European Union is committed to continuing its regional support to the Central East Europe (CEE) and South East Europe (SEE) countries by assisting them to define and implement sound, result-oriented energy policies or to maintain already established policies. This support will enhance the know-how needed to ensure that reforms have a real impact on the ground, improving the well-being of local communities.

Renewable Market Watch™ published the new report Central East and South East Europe Solar Photovoltaic (PV) Power Market Outlook 2018÷2027. 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 2018÷2027

For better understanding about benefits from using our reports you may read here: Benefit List - Reports of Renewable Market Watch 

 

About Renewable Market Watch™

Renewable Market Watch™ is delivering strategic insight about emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former Soviet union), LATAM countries and MENA countries. For more information about Renewable Market Watch™ please visit:
http://renewablemarketwatch.com/about-us

 

 

 

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