Energy sector and renewable sources


Ukrainian alternative energy sector is considered by the largest international players as one of the most fast-growing and attractive European markets among the developing economies and has doubled in the last two years with major growth driven by subsidized utility-scale solar. This is also explained by the advantageous geographical conditions in Ukraine as well as an increase in the prices of communal services, such as electricity and heating. Currently, the percentage of renewable energy sources in Ukraine is among the lowest of entire Europe and there is only slow development in terms of the growth of the sector, even though there is a lot of available biomass. The country is highly suitable strategic territory for energy-oriented manufacturing, and according to long-term forecasts investments in the sector may exceed $5 Billion. A total of 742.5 MW of new renewable energy generating facilities were installed in Ukraine in 2018, which is 2.8 times more than a year ago. The average of a single-unit capacity of the facilities launched was 3 MW, 96% of all facilities are wind farms and solar power plants. The largest number of green facilities was launched in the regions as Kherson, Lviv, Zaporizhia, Khmelnytsky, Dnipropetrovsk, Mykolaiv. Up to 2020 new solar and wind capacities can be integrated with existing flexibility options.