Further strong solar growth in Ukraine

12/18/2017 | Print view

The solar market in Ukraine is still speeding up. Coming CISOLAR 2018 in Kyiv provides promising networking opportunities. - © IB Centre — © IB Centre

The solar market in Ukraine is still speeding up. Coming CISOLAR 2018 in Kyiv provides promising networking opportunities.

In 2018, more than 60 new PV power plants with a total capacity of 382 MW are expected to be built in Ukraine. Thus the total installed PV capacity in the country may exceed 1.2 GW.

Such data is presented in an analytical report prepared by the IB Centre expert group based on investment plans of the market players in the context of preparation for the 7th International Solar Energy Conference and Exhibition of Central and Eastern Europe, CISOLAR 2018 , which will be held in Kyiv in April 11 -13.

Also strong residential PV growth

By the end of 2017 (as of December 10), the total capacity of installed PV systems in Ukraine amounts to 826.1 MW, which is 44.2% more compared to the data as of January 1, 2017. In particular, in the first half of 2017, 67 new industrial PV systems were constructed in Ukraine with a capacity of 126.4 MW. Also, the capacity of private PV systems increased by 5.6 MW. In the second half of 2017, 38 new commercial and industrial PV systems were constructed in Ukraine with a total capacity of 118 MW. The growth of capacity of residential PV installations was equal to 3.1 MW for this period. In total, by the end of the year, the number of residential PV installations is equal to more than 2,300 in Ukraine.

Attractive FITs and low cost of land

The main driver of solar energy development in Ukraine is the low cost of land compared to other European countries and the feed-in tariff rate attractive to investors: € 0.15/kWh for industrial applications and about € 0.16/kWh for residential applications. Also, market players expect the industry to grow fast in 2018 since the feed-in tariff rates will be reduced in Ukraine by 20% in 2019.

The 7th International Solar Energy Conference and Exhibition of Central and Eastern Europe, CISOLAR-2018 KYIV, the largest regional business event, devoted to solar energy industry, will take place at the ACCO International Exhibition Center on April 11-13, 2018. In 2018, more than 50 authoritative speakers, over 500 delegates and 100+ exhibitors from 30 countries will attend the event. (HCN)

Read more about solar in Ukraine:

http://www.pveurope.eu/News/Markets-Money/Strong-solar-and-renewable-energy-growth-in-Ukraine

http://www.pveurope.eu/News/Markets-Money/Ukrainian-PV-market-speeds-up-Fronius-extends-service

http://www.pveurope.eu/News/Markets-Money/Ukraine-stimulates-investments-of-European-solar-companies

http://www.pveurope.eu/News/Markets-Money/Fronius-reporting-strong-business-in-Ukraine-project-pipeline-of-100-MW-in-2017-growing-residential-market