‘Vast untapped potential’ for solar PV in central and southeastern Europe – IRENA

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Image: PPC Renewables.

Central and southeastern European countries could cost-effectively cover more than one-third (34%) of their energy demand with renewables within ten years, a new report by the International Renewable Energy Agency (IRENA) finds.

IRENA’s transition path for the region estimates that additional investments of €78 billion are needed between now and 2030 in order to enable countries to build an energy system that is substantially less reliant on imported fossil fuels, while delivering energy at competitive costs. 

The report, dubbed 'Renewable Energy Roadmap for the Central and South Eastern Europe Energy Connectivity Initiative (CESEC)', says that by placing the energy transition at the heart of the region’s economic development, policymakers can simultaneously alleviate the socioeconomic impact of COVID-19, stimulate a green recovery and accelerate the transformation of the energy sector.

It also highlights the region’s “excellent resource conditions” to scale up renewable power as well as the “vast untapped potential” for both solar PV and offshore wind.

“Renewables can reduce the region’s energy bill to the benefit of citizens and industry while improving energy security, air quality and aligning the region with long-term decarbonisation goals of the Paris Agreement,” Francesco La Camera, IRENA director-general, said.

The report suggests all CESEC countries have cost-effective potential to accelerate the deployment of renewables over the next decade beyond current policies.

European commissioner for energy Kadri Simson said: “The benefits from investing in renewables at this time of recovery are significant – for the economy, for the consumers and for the environment. As highlighted by the IRENA report, focusing on solar, wind and hydropower would create local green jobs and allow the region to gain from closer energy cooperation.”

Read Next

April 6, 2021
The International Renewable Energy Agency’s (IRENA) director-general has hailed the start of a “decade of renewables”, following a 2020 that saw China and the US drive global solar installations.
March 30, 2021
Australian utility AGL Energy has proposed a structural separation of the company that would involve the creation of two separate businesses: one focused on energy retailing and the other on large-scale electricity supply.
March 29, 2021
Despite additional solar and wind contributing to a record reduction in global coal generation last year, new renewable energy projects are still not being built quickly enough to keep pace with rising electricity demand.
March 25, 2021
Solar plants in the US produced 21.7% more electricity in January this year than they did in 2020, accounting for 2.4% of the country’s entire electricity mix.
March 22, 2021
Renewables developer and distributor BayWa r.e. will open new offices and a warehouse in Poland to improve its services for PV installers in the country.
March 18, 2021
Italy has signed the framework International Solar Alliance (ISA) agreement with India as the coalition’s new director general took office this week.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021