Renewable Energy Sector in Ukraine: 2018 Hit Record Numbers

The capacity of renewable energy facilities put into operation last year exceeded 2017 year’s figure 2017 almost by 3 times. Thus, 163 solar power plants were installed in Ukraine last year.

The development of renewable energy sector according to the Energy Strategy of Ukraine aimed at reducing the country’s dependence on energy imports. It is solar energy that is the most environmentally friendly and affordable source of ‘green’ electricity.

IB Centre CEO, Vitaliy Daviy reports that the total capacity of solar power stations in Ukraine is expected to exceed 1.2 GW. In addition to the large-scale projects, the segment of small private power stations is growing rapidly, rooftop in particular.

The number of private solar power stations made up 7.5 thousand last year (in comparison with only 20 in 2014) – and it was in 2018 when 4440 of them were installed by the Ukrainian households.

Serhiy Savchuk, Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine, expects Ukrainian households to install several thousand solar power stations more in 2019. Such rapid development is connected both with the cheapening of solar panel manufacturing globally and implementation of the “green” tariffs in Ukraine which make putting such facilities into operation profitable for its citizens.

To recap, almost EUR 2 billion have been invested in the “green” energy industry of Ukraine over the last 4 years. At the same time, 2018 became the most effective, as it was in the past year when investments worth EUR 800 mln were attracted.

 

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