With the introduction of this offshore renewable energy policy, the Maltese government is setting the foundation to venture into a new arena of renewable energy. This initiative will complement the success of onshore photovoltaic rooftop and solar farms, contributing further to the ‘green’ energy transition in line with the EU legislative packages of the European Green Deal, Fit-for-55 initiatives and the REPowerEU plans.
Read More
Renewable energy in the five EU member states in Southeast Europe – Bulgaria, Croatia, Greece, Romania and Slovenia – has been the fastest developing segment of the energy industry over the last few years and is poised to reach new heights. This is the main conclusion in the 2023 edition of Renewable Energy in Southeast Europe – a regional report by SeeNext. It includes an in-depth financial analysis covering the performance of 2,567 companies in the period 2019-2021, a comprehensive overview of changes in the regulatory framework in all five countries, and information on key investments and M&A deals.
Read More
The electricity market reforms proposed by the European Commission on March 14 2023 will provide a framework to increase transparency, competition, stability and uniformity through changes to policy such as Contracts for Difference (CfD) schemes that we expect will broadly support higher investment in non-hydropower renewables. Power Purchase Agreement (PPA) markets will benefit from the changes, with more incentives to drive long-term agreements, which will increase low-cost renewables to stabilise prices, but shift investment focus into western markets.
Read More
Europe has been steadily transitioning towards renewable sources of energy for their electricity generation, making considerable progress over the last decade. In 2011, fossil fuels (oil, natural gas, and coal) made up 49% of the EU’s electricity production while renewable energy sources only made up 18%. A decade later, renewable energy sources are coming close to equaling fossil fuels, with renewables making up 32% of the EU’s electricity generation compared to fossil fuels’ 36% in 2021.
Read More
The European Union (EU) is accelerating energy diversification and decarbonisation efforts through vastly expanding renewable growth targets, however we do not expect to see these met by 2030 despite new support schemes. Global supply chains for wind and solar content are already very tight with prices significantly elevated, while several fundamental limits will hold back technology growth.
Read More