Solar energy in Europe and MENA countries

Avenston contributed to the preparation of the Europe & MENA PV Market Outlook 2022, an international industry report covering the development of the solar energy market across Europe, the Middle East and North Africa.

The report brings together market analysis and expert insights from leading renewable energy companies and industry associations. It examines key market trends, investment opportunities, regulatory developments and the future outlook for solar energy across the region.

Avenston’s experts contributed an overview of the Ukrainian solar energy market, highlighting its current state, key challenges and future development prospects.

As part of the study, the investment potential of utility-scale solar PV projects in selected countries was assessed based on a comprehensive set of criteria, including:

• renewable energy market growth dynamics;
• national renewable energy commitments and solar development targets;
• solar power generation potential;
• existing and future government support mechanisms;
• potential electricity pricing and market models;
• Doing Business and Corruption Perceptions Index rankings;
• project financial indicators (IRR, Payback Period and LCOE);
• expert assessments and other factors affecting investment attractiveness.

The report serves as a practical reference for investors, project developers and other market participants evaluating solar energy opportunities across Europe and the MENA region.

Participation in international industry research reflects Avenston’s commitment to promoting professional dialogue, sharing practical expertise and strengthening the international visibility of Ukraine’s renewable energy sector.

The full Europe & MENA PV Market Outlook 2022 report is available on the project organisers’ website.