Following the adoption of the Law of Ukraine “On the Electricity Market” (the Electricity Market Law) in 2017, which set out the legal framework for the new electricity market design and the role of renewables within it, the renewable energy sector has been developing rapidly in Ukraine.
As Volodymyr Zelensky celebrates his victory in the Ukrainian presidential elections, stakeholders in the country remain uncertain about his intentions in the renewable energy space. With installation figures above 1 GW in the last 12 months, the market is hot — but for how much longer?
The 246 MW Solar-Farm 1 is being developed by the nation’s largest energy holding and coal power producer, DTEK. The plant will be on the territory of a spent quarry.
Black Sea and European lenders have loaned €19.1 million each to a 57 MW solar plant in southern Ukraine, as the country scrambles to renew its electricity sector. The EBRD is committed to lending €250 million to renewables projects in Ukraine to help the country to meet its 11% clean energy target for 2020.
According to provisions approved in their first reading by the Ukrainian parliament, solar projects selected in future auctions will be awarded 20-year PPAs to encourage investors to steadily abandon the FIT scheme until it expires in 2030.
Having put key PV projects into commercial operation, the company is capitalizing on their production. Scatec also has twice its current installed capacity under construction and nearly fourfold that amount – more than 4 GW – in the pipeline as 2018 expectations were surpassed.
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