• Net Metering Cumulative Solar PV Capacity in Ukraine is 121 MW at the end of Q3 2018

    Cyprus Net Metering small

    /31st October 2018, RENEWABLE MARKET WATCHTM/ Decline in solar PV equipment costs in the past few years, the attractive efficiency increase on PV modules available for the residential sector and state support on renewable energy to address the climate change issues have substantially increased the number of consumers producing energy under net metering and self-consumption solar support schemes in Ukraine. The State Agency for Energy Efficiency and Energy Saving of Ukraine (SAEE) has reported that over 3,000 households have installed residential solar photovoltaic (PV) installations, which is 2.5 times more than in the same period in 2017 (1,214 households). Regarding the solar radiation, Ukraine is placed in the European zone in category “B”. Ukraine has a large potential market for solar energy projects. The size of solar radiation reaches from 800 to 1,450 W/m² per year. According to the intensity of solar radiation Ukraine can be divided into 4 regions: West, Central, South-East and South. The average amount of solar energy received annually in Ukraine is about 1,200 kWh/m2.

  • 64 Megawatt Solar Power Plant Has Been Commissioned in Ukraine

    Ukraine Solar 64 MW small

    /29th April 2019, RENEWABLE MARKET WATCHTM/ The second-largest solar project in Ukraine has been opened at the end of March 2019 in the near vicinity of the Panovtsy village in Kamianets-Podilskyi district of Khmelnytskyi Oblast by ICU and VR Capital Group, reported the Renewable Market Watch™. The solar PV power plant is a joint-venture by ICU, independent asset management, private equity and investment advisory firm specialising in Central and Eastern Europe and VR Capital Group, an alternative asset manager specializing in global emerging markets. The plant has been commissioned by Podilskenergo and represents an investment in materials and construction of approximately US$55m. The plant's peak capacity is 63.8MW and the plant will generate approximately 68,200 MW/H of clean energy per year. The electricity generated will supply one-third of all the households in Kamianets-Podilskyi city and help decrease carbon emissions by 67,000 tonnes annually. The plant is one of the largest foreign direct investment projects in Ukraine. It will assist in the nation’s transition to renewable energy, including meeting Ukraine’s pledge to, by 2030, reduce its greenhouse gas emissions by at least 40 percent from 1990 levels following the 2015 Paris agreement.

  • EBRD Platform Initiative in Support of Coal Regions in Transition in Western Balkans and Ukraine

    /28th January 2021, Vanora Bennett, EBRD, RENEWABLE MARKET WATCHTM/ The Organisations behind the Platform Initiative in Support of Coal Regions in Transition in Western Balkans and Ukraine agreed to join efforts to support the transition away from coal and towards a low-carbon and climate-resilient future in the Western Balkans and Ukraine. Participants including the European Bank for Reconstruction and Development (EBRD),World Bank Group, the College of Europe (Natolin campus), the Energy Community Secretariat, the European Commission and the government of Poland kicked off discussions on how to support the regions in phasing out coal while supporting local communities that remain economically dependent on the coal industry.

  • EBRD to Provide Financing about 36 MW Solar PV Power Plant near Lviv in Ukraine

    /27th April 2018, RENEWABLE MARKET WATCHTM, EBRD/ The EBRD supports a new 36 MW solar plant in western Ukraine as part of its commitment to making the energy mix in its countries of operations greener. The investment is made together with the Clean Technology Fund, the Bank’s partner in advancing green energy.

  • Increase of Investment Volume in the Ukraine Renewable Energy Market

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    /12th February 2019, RENEWABLE MARKET WATCHTM/ The Ukraine renewable energy market saw fast-paced development in the past years, reported Renewable Market Watch™. About EUR 2 billion have been invested in energy efficiency and renewable energy of Ukraine for the last four years, according to the State Agency on Energy Efficiency and Energy Saving (SAEE). Almost half of this amount (approximately € 800 million) was attracted in 2018. During the first half of 2018, roughly 270 MW of renewable capacity were installed at a feed-in-tariff in Ukraine to generate electrical power from renewable energy sources. It is a twofold increase over the same period of 2017 (127 MW) and exceeds the capacity installed for entire 2017 (257 MW). According to the study by the National Academy of Sciences of Ukraine, with appropriate investment, about 90% of the Ukrainian energy can be produced from renewable energy sources.

  • Renewable Market Watch™ published a new report Titled 'Western Balkans Solar Photovoltaic (PV) Power Market Outlook - Industry Analysis, Deal Tracking, Growth, Investment Volume, Country Ranks, Share, Size, Trends, and Forecast 2023 - 2032'

    /LONDON, December 12, 2022, 11:00 GMT, RENEWABLE MARKET WATCHTM/ This market report offer an incisive and reliable overview of the solar photovoltaic power sector of Western Balkan countries for the period 2023 ÷ 2032. Newly installed PV capacity in this region will exceed several GWs in the next 5 years. The number of fully permitted and ready-to-build projects is promptly increasing. The rooftop solar PV market segment in many countries is not developed and is forecasted to score significant growth soon. Energy demand in the region is constantly increasing, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2023÷2032. Some countries can exceed their electricity production demand needs with the support of renewable energy. Furthermore, some Western Balkan countries are currently in various EU membership joining statuses.

  • Ukraine Renewable Energy Power Market: Outlook 2020 - 2030 - Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact

    /21st December 2020, RENEWABLE MARKET WATCHTM/ The technical and economic potential for clean power generation from solar PV, wind, and bioenergy in Ukraine is considerable. Broader development of renewable energy would also play an essential role in existing policy goals of reducing the dependency on imported natural gas and diversification of the more secure energy supply. Ukrainian solar and wind power sectors scored remarkable progress between 2012 and 2020. 

  • Ukraine's green energy transition between the new cost-effective renewable technologies and heritage of old power generation units

    Ukraine Renewable Power Market Outlook 2020 2030 small

    /15th December 2020, RENEWABLE MARKET WATCHTM/ Before we start, please let us remind you the fact that Renewable Market Watch™ was the pioneer which more than eight years ago published the first-ever (and subsequently proven to be completely precise) detailed analyses concerning Ukraine’s renewable energy market. Taking into consideration that the country has achieved remarkable progress in this field since then, now we have the honour of presenting you the following updated prospect that aims to define the feasible development of sustainable energy sources in Ukraine in the foreseeable future. More precisely, the present prognosis is based on thorough insight into the country’s current situation, including its strategic conception, economic condition, national energy policy, and delicate political climate. In fact, Ukraine is currently facing the difficulties of continuing to follow the chosen direction of increasing both green energy and biofuels proportion, while decreasing coal and gas power plants dependence. For this reason, our present analysis assumes Ukraine’s overall vision of a possible transformation from non-renewable conventional energy production to probable wide accomplishment of renewable energy projects. To sum up, in the following lines, we are going to introduce our point of view not only on the respective issues that Ukraine is presently dealing with, but also on the opportunities on its way to green energy transition.

  • Western Balkan Countries are the Newfound Hotspot for Solar Photovoltaic (PV) Energy Investments in Europe, Reveals the Renewable Market Watch™

    /LONDON, March 16, 2023, 11:00 GMT, RENEWABLE MARKET WATCHTM/ Between 2012 and 2022, the Western Balkan Countries increased their solar power capacity 11 times. Western Balkans became one of the fastest-growing regions in Europe, with a 28.1 per cent increase in cumulative solar photovoltaic (PV) installed capacity in 2022 compared with 2021. The number of fully permitted and ready-to-build projects is promptly increasing. The rooftop solar PV market segment in many countries in this region is underdeveloped and is forecasted to grow significantly. Energy demand in the region is constantly increasing, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2023÷2032. Some countries can exceed their electricity production demand needs with renewable energy support. 

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