We analyzes some perspectives and plans for cooperation within alternative energy sectors of Ukraine for foreign companies and mentions main challenges that could be faced while cooperating with Ukrainian colleagues during PV projects development and implementation. It is not a big secret that now Ukraine is going through difficult times, but our country and its economy have big possibilities as market for local and foreign investors. Especially in such area as energy generation. We think that renewable energy and its photovoltaic sector is a very promising industry where many companies can expand own business being suppliers of equipment or technologies or even like investors for utility-scale solar power plants.
By the end of 2016, the total installed capacity of renewable energy sources in Ukraine was 1.1 GW and additional 500 MW remains in Crimea. On the mainland of Ukraine, capacities of all renewable energies, which already put into operation, is divided by types as follows:
Over 2016, the largest numbers of new facilities have been built among the solar power plants — it was almost 100 MW. There are some main reasons why Ukrainian PV industry is very attractive in terms of investment:
As a result, solar market in our country is growing now and it is one of the most attractive PV markets in Eastern Europe. Our current forecast for PV industry is the following:
Despite the fact that Ukrainian solar industry has lots of attractions, it has some important problems. In case of not taking into the account well-known country risks, we can underline the following issues that is necessary to know about Ukrainian solar market:
In any case, all these challenges can be resolved. And it is confirmed by a lot of PV power plants which have been built and successfully operating in Ukraine for the past 7 years. Despite all country risks, we see that the interest to such projects each year only increases. If you are interested in getting more details about Ukrainian solar energy market, PHC Capital can provide you with additional information and answer your questions. Just contact us to start.
Solar power plants are one of the key and many times approved competencies for companies belonging to the Avenston group. We provide all necessary services for solar energy projects, starting from the support of the development or pre engineering stages to maintenance of already built photovoltaic power plants or systems. All stages of the implementation of such projects are carried out by us independently or with the involvement of selected partners. In the second case, all key processes are managed and controlled by Avenston’s in-house project managers. List of our solar projects includes a large number of designed and built industrial solar PV power plants, commercial solar power plants as well as home solar power plants. If you have plans to build your own solar power plant of any type and size, please contact Avenston. We will be happy to help you implement your project in the most optimal way.