Our Company |   Join Our Club |      

news categories

news per location

November_December 2017 2017

Read our bloggers

Power Plants

  • Directorio de Eficiencia energética

South East Europe Has Vast Renewable Potential worth 740 GW, IRENA Report Finds

Jump to the comments

A new comprehensive study from the International Renewable Energy Agency (IRENA), reveals the enormous potential of renewable energy in the South East Europe (SEE) region. The report, Cost-Competitive Renewable Power Generation: Potential across South East Europe, was released at a high-level meeting preceeding the opening of the seventh session of IRENA’s Assembly, which gathered policymakers from SEE and key regional stakeholders, to discuss the opportunities and challenges in expanding the share of renewable energy in SEE. Detailed outcomes from the meeting were then presented in a communiqué.


The report underscores that SEE possesses vast technical renewable energy potential – equal to some 740 GW. The region’s wind energy (532 GW) and solar PV (120 GW) potential is largely untapped, and 127 GW of this overall renewable energy potential could be implemented in a cost-competitive way today. The report says this figure could rise further, to above 290 GW, if more favourable cost of capital is considered for the region.


“The region’s case for renewables is strong, particularly for solar and wind. Harnessing these resources will result in affordable energy, job creation, improved air quality, and a means to meet international commitments,” said IRENA Director-General Adnan Z. Amin. “Solar and wind energy are now viable power supply options and the region is well poised to further scale-up its power systems sustainably.”

“IRENA is prepared to continue supporting governments across SEE to harness untapped renewable energy potential and accelerate their deployment,” added Mr. Amin. “Discussions at today’s meeting helped to identify the potential areas where IRENA can offer most added value and best assist countries in addressing the key obstacles hindering greater renewables deployment.”


The report provides useful guidance for decision-makers in the SEE region seeking to scale-up renewables, in line with new long-term EU renewable energy target aimed at driving future economic growth.

“The European Commission commends IRENA for scaling up its engagement in South East Europe,” said Dominique Ristori, Director General for Energy, European Commission. “This report will be a valuable contribution for policymakers in SEE to follow the EU’s goals to promote renewables.”


Increasing deployment and continued technological innovation have led to sharp cost reductions and improved cost-effectiveness, particularly for solar PV and wind energy. IRENA’s report shows that almost the entire potential of solar PV and wind energy in SEE, can be cost-competitively deployed by 2030. The broader macroeconomic impact of renewable energy deployment, along with notable socio-economic benefits, such as creating employment, developing local manufacturing capacity, avoiding health and environmental costs, and addressing climate change.


“I am strongly convinced that a close collaboration of IRENA and other key regional stakeholders will significantly contribute to our ongoing efforts in better harnessing the renewable energy potential currently largely untapped”, added Mr. Mirko Šarović, Minister of Foreign Trade and Economic Relations, Bosnia and Herzegovina.”


The meeting was held one day before the opening of the seventh IRENA Assembly, when global energy leaders from more than 150 countries will gather to discuss IRENA’s strategic and programmatic direction to help countries accelerate the deployment of renewable energy, and in doing so, meet climate goals, boost the economy, and increase energy access and security.

Business | News published on 16 / 01 / 2017 by Rashmi Nargundkar

Comments in this news Add yours

seo services new york

If you are looking for a local marketing company in New York contact our experts and consultants. Professional SEO services in NYC.
Posted on 16 / 01 / 2017 | home

how to use inversion table

When the weight of the body is inverted, (which is not the norm) the joints in your body tighten, and the back muscles will expand to support the inversion thereby relieving back pains. There is a variety of inversion products for therapy including inversion chairs.<a href="https://healthoclock.net/best-inversion-table-reviews/">how to use inversion table</a>
Posted on 16 / 01 / 2017 | risemetric


The information you share is very useful. It is closely related to my work and has helped me grow. Thank you!
Posted on 16 / 01 / 2017 | Hide by the author of the comment

  Other Interesting News

IEA has consistently undermined potential of solar and wind energy in the last decade Financing only for American-made solar products InterSolar Award: Here are the winners for 2017, our anniversary year. DNV KEMA establishes Asian Centre of Excellence in Smart Grid & Renewable Energy Management Siliken Obtains Banking Support to Refinance Its Debt of 111.4 Million Euros