Ukraine has seen a significant acceleration in the construction of solar power plants in 2024, following the government’s decision to cancel duties and VAT payments for investors importing solar panels starting July 1. This move has encouraged households and small to medium-sized businesses to build their own solar power plants to ensure a stable electricity supply during outages. According to Vladyslav Sokolovsky, Chairman of the Solar Energy Association of Ukraine, this decision has led to a surge in the installation of solar power plants, often combined with energy storage facilities, enhancing their efficiency.
Meanwhile, the Ukrainian Wind Energy Association reported that 13 large wind turbines with a combined capacity of 27 MW were commissioned in Ukraine in 2024. While the statistics do not include capacities created by households and communities unless a green tariff has been applied, experts predict that the wind capacity installed this year will be several times greater than in 2024. The state’s provision of tax incentives for investors to import energy equipment could also accelerate the construction of wind farms, which has the potential to significantly increase Ukraine’s renewable energy production.
The growth of solar and wind power in Ukraine is expected to have a positive impact on the country’s energy landscape. With a focus on renewable energy, Ukraine can reduce its reliance on fossil fuels, lower greenhouse gas emissions, and create new opportunities for investment and economic growth. The current trend towards renewable energy integration is a step in the right direction, and with the right support, Ukraine can become a leader in the region in terms of renewable energy development.