For the next 5 years the Eastern Europe markets will be in the highlight for the renewable energy investors
During 2014-2020 the Eastern Europe markets will be in the highlight for the renewable energy investors.
Europe -- The forecast made by IBCentre and based on the official plans of the countries in this region as well as on creating of the legislative basis for state support of renewable energy projects.
Due to the key players’ preferences to implement their projects on the global markets of Western Europe and Asia as well as the absence of ‘feed-in-tariff’ in a number of Eastern European countries, these markets have failed to display a rapid development yet.
The presentation of the developing national markets of the Eastern Europe will become a part of business program of the EuroSEF-2014 Forum, devoted to accelerating of renewable energy development for increasing of energy dependence of Europe.
The EuroSEF-2014 Forum addresses the European renewable energy development in terms of rising urgency to enhance the energy security of the whole region and will take place in Brussels on September, 26.
Under the research report of IBCentre, in the near future many players will cross over to previously underestimated Eastern European countries such as Croatia, Slovenia, Serbia, Turkey, Moldova, Georgia, Ukraine and Azerbaijan due to both increasing competition and ‘feed-in-tariff’ reduction for renewables on the Western European markets.
According to the EuroSEF-2014 Advisory board experts opinion, a good ecological capital and state backing of the industry are the main factors for renewable energy development in these countries.
Slovenia, in particular, has placed its stake on small hydropower industry and is intended to install 1,25 GW capacity in the sector and to increase its solar energy capacity by 150 MW till 2020. Serbia is planning to install wind farms with 1,4GW aggregate capacity and 190 MW PV installations. Turkey, in its turn, is intended to install 20 GW of new wind capacity and 2GW of solar power system. The Moldova newly installed capacity in the different renewable energy sectors (with priority to wind energy and biomass) are intended to equal 400 MW. The “feed-in-tariffs” for renewable energy objects are expected to be approved by the end of 2014 in Moldova. Georgia is aiming to open up new 350 MW capacity of small hydroelectric installation in the next 4 yaers. 400 MW wind capacity and 150 MW solar capacity are the goals of Croatia.
It also pays to be said that in the next 5 years Romania is going to open up nearly 1,5 GW wind capacity. Bulgaria plans to cover 16% of total energy balance by renewable resources, thus, install 2 GW of wind capacity and 1,15 GW of solar capacity by the end of 2020.
Azerbaijan market may become very attractive for solution developers and providers due to the energy strategy of the country that make provisions for 800 MW wind and 950 MW solar capacity installation by 2020.
Along with small hydropower, wind and solar energy the Western European region is going to see newly installed over 1 GW capacity of the biomass-driven power plants.
On the whole there might be installed over 1,6 GW capacity of small hydropower, 4,69 – solar capacity, 6,3 GW – wind capacity.
The overall renewable energy market size of the Western Europe may accede €30 billion.
It is the EU strategic plan in renewable energy sector and investment opportunities in the new Eastern European markets that EuroSEF-2014 - is devoted to.
More details are at www.eurosef.org
Or contact Julia Kozlova, tel.: +44 207 442 55 55, conf@eurosef.org.
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