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Ukraine Solar Photovoltaic (PV) Power Market Outlook, 2018-2027 - A 64 Megawatt Solar Power Plant Has Been Commissioned in Ukraine - ResearchAndMarkets.com

September 24, 2019

DUBLIN--(BUSINESS WIRE)--Sep 24, 2019--

The “Ukraine Solar Photovoltaic (PV) Power Market Outlook 2018-2027” report has been added to ResearchAndMarkets.com’s offering.

This market report offers an incisive and reliable overview of the photovoltaic sector of the country.

Cumulative installed PV capacity in the country was only 3 MWp in 2010, but grew up to 140 MWp in 2011 and exceeded 831 MWp at the end of 2015, making Ukraine one of the fastest growing photovoltaic markets in the region. The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 120 pages of valuable information in this unique in-depth analysis of the Ukrainian photovoltaic market.

With comprehensive market data this report brings clear and concise insights, to help investors in their decision making process. As 2016 and 2017 were challenging years for photovoltaic industry, the time for taking right decisions during 2018 and the next few years is limited. Significant progress achieved in photovoltaic sector development has made Ukraine an undoubted industry leader among the CIS countries by the end of February 2014. After that political turmoil in Ukraine changed the picture in CIS region and more complex overview of solar PV sector in the country is necessary. Fast changing market environment requires relevant and accurate information.

Reasons to buy this market report are, but not limited to:

Subscription: Included in the report price is a subscription for a 1 year period with 4 quarterly updates.

The second-largest solar project in Ukraine has been opened at the end of March 2019 in the near vicinity of the Panovtsy village in Kamianets-Podilskyi district of Khmelnitsky Oblast by ICU and VR Capital Group, reported the analyst of this report. The solar PV power plant is a joint-venture by ICU, independent asset management, private equity, and investment advisory firm specialising in Central and Eastern Europe and VR Capital Group, an alternative asset manager specializing in global emerging markets. The plant has been commissioned by Podilskenergo and represents an investment in materials and construction of approximately US$55m.

The peak capacity of the plant is 63.8MW and the plant will generate approximately 68,200 MW/H of clean energy per year. The electricity generated will supply one-third of all the households in Kamianets-Podilskyi city and will help decrease carbon emissions by 67,000 tonnes annually. The plant is one of the largest foreign direct investment projects in Ukraine and will assist in the nation’s transition to renewable energy, including meeting Ukraine’s pledge to, by 2030, reduce its greenhouse gas emissions by at least 40 percent from 1990 levels in accordance with the 2015 Paris agreement.

The power plant will provide full-time employment to 45 workers. In addition, Podilskenergo will also allocate UAH2.6m to the village budget for rent and will become the biggest tax contributor to the local community. These funds will be spent on funding the local community’s welfare and social needs.

The contractors did everything according to the schedule and construction plan. The company received regular reports at the main stages, the work was carried out transparently, according to the VR Capital Group’s CEO, Richard Deitz. He said that by the end of the summer in Mykolaiv region a third joint project with the ICU will be launched. The project is a solar PV power plant, consisting of 11power facilities with a total peak capacity of about 127 MW.

Solar Power Market Development in Ukraine

In 2018, newly installed solar PV capacity in Ukraine reached 645 MW. The main capacity drivers were large-scale projects under the FIT scheme, but residential solar power installations under the net metering support scheme provided also very good contribution. With this installation record Ukrainian cumulative installed solar PV capacity grew to 1.33 GW, according to the latest update of Ukraine Solar Photovoltaic (PV) Power Market Outlook 2018-2027.

Legislative Changes Impacting Renewable Energy Market

At the end of 2018, the Ukrainian parliament adopted Law No 2628-VIII ‘On the Introduction of Changes to Tax Code of Ukraine and certain other legislative acts of Ukraine on Improvement of Administration and Review of Rates of Certain Taxes and Dues’. According to this Law, equipment envisaged by the following codes of the Ukrainian Classifier of Foreign Economic Activity shall be exempted from import VAT until 2022: 8502 31 00 00, 8541 40 90 00, 8504 23 00 00, 8504 40 88 00. It appears that the mentioned codes cover major parts of solar and wind farms, such as solar panels, inverters, wind turbines, etc. In addition, the Law permitted construction of renewable energy power plants on industrial, transportation, communication, military protection and certain other types of land without change of the purpose.

Furthermore, the ‘Draft law on the transition to green auctions’ is being actively prepared for second reading in the Ukrainian Parliament by the Fuel and Energy Committee together with ministries, State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE) and other stakeholders. Ukraine aims to create a transparent and competitive renewable energy market through auctions. Therefore, potential renewable power producers will compete for the right to install solar, wind or another type of renewable energy power plants and to sell clean electricity. Auction winners will have the opportunity to sell clean electricity for 20 years.

Key Topics Covered

FOREWORD

1 METHODOLOGY AND LIMITATIONS

1.1 Research Methodology

1.2 Limitations

2 EXECUTIVE SUMMARY

2.1 Historical and Current Development Overview of Photovoltaic (Solar PV) Power Market in Ukraine

2.2 Ukraine Solar Resource Potential

2.3 Key Stakeholders Affecting Photovoltaic (Solar PV) Power Market Development in Ukraine

2.4 Market Drivers and Constraints

2.5 Key Recent and Pending Changes in Renewable Energy Law in Ukraine

2.6 Market Forecast Summary

3 UKRAINE POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS

3.1 Basic Country Data

3.2 Political Climate and Ruling Party

3.3 GDP and Economic Growth

3.4 Taxes

3.4.1 VAT

3.4.2 Income and Corporate Taxes

4 COMMONWEALTH INDEPENDENT STATES (CIS) AND CENTRAL-EAST EUROPE (CEE) POWER MARKET

4.1 General Electricity Market Information

4.2 Photovoltaic (Solar PV) Power in Energy Sector

4.3 Single Electricity Market of the European Union

4.4 CIS States Common Electricity Market (CIS CEM)

4.5 Electricity Market Concept of Eurasian Economic Union

5 COMMONWEALTH INDEPENDENT STATES (CIS) PHOTOVOLTAIC (SOLAR PV) POWER MARKET

5.1 Market Overview

5.2 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Power Capacity and Revenue

5.3 Annual Installed Photovoltaic (Solar PV) Power Capacity

5.4 Future Development Trends

6 UKRAINE POWER MARKET

6.1 Electricity Transmission and Distribution

6.2 Electricity Consumption and Generation

6.3 Electricity Imports and Exports

6.4 Electricity Prices for Business and Households

6.5 Renewable Energy Sources (RES) Targets

7 UKRAINE PHOTOVOLTAIC (SOLAR PV) POWER MARKET

7.1 Why Invest in Photovoltaic (Solar PV) Power in Ukraine?

7.2 Ukraine Solar Resource Potential

7.3 Licensing Period Duration

7.4 Regional Substation Capacities for Photovoltaic (Solar PV) Power Projects in Ukraine

7.5 Overview of Photovoltaic (Solar PV) Power Market in Ukraine

7.6 Market Structure Analysis

7.7 Investment Trends and Development Roadmap

7.8 Competitive Environment in Photovoltaic (Solar PV) Power Market

7.9 Profiles of Key Players and Investors in Photovoltaic (Solar PV) Power Market

7.10 Cumulative (CAGR) Installed Photovoltaic (Solar PV) Power Capacity and Revenue

7.11 Annual Installed Photovoltaic (Solar PV) Power Capacity

7.12 Market Prices for Photovoltaic (Solar PV) Power Projects in Ukraine in Development, Ready to Build and Operational (Grid Connected) Condition

7.13 Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Ukraine

7.14 Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Ukraine

7.15 Key Photovoltaic (Solar PV) Power Projects in Ukraine Under Development

7.16 Mergers and Acquisitions

8 DRIVERS AND CONSTRAINTS OF PHOTOVOLTAIC (SOLAR PV) POWER MARKET IN UKRAINE. SWOT ANALYSIS

8.1 Market Drivers

8.2 Market Drivers Explained

8.3 Market Constraints

8.4 Market Constraints Explained

8.5 SWOT Analysis

9 FINANCIAL ANALYSIS OF PHOTOVOLTAIC (SOLAR PV) POWER MARKET IN UKRAINE

9.1 Financing Options of Photovoltaic (Solar PV) Power Projects in Ukraine

9.1.1 Ukraine Sustainable Energy Financing Facility (USELF)

9.1.2 Ukraine Energy Efficiency Programme (UKEEP)

9.2 Financial Model and Analysis of 5 MW Photovoltaic (Solar PV) Power Plant investment in Ukraine (IRR, WACC, Payback, NPV, Cash Flow, ETC.)

10 TECHNOLOGY ANALYSIS

10.1 Photovoltaic (Solar PV) Power Technology Overview

10.2 Technology Trends

11 CIS COUNTRIES RENEWABLE ENERGY POLICY LANDSCAPE

11.1 RES Regulations and Directives of the European Union (EU) affecting CIS countries

11.1.1 Precedent Regulations

11.1.2 EU 2030 Framework for Climate and Energy Policies

11.1.3 EU Energy Roadmap 2050

11.2 Renewable Energy Sources (RES) Strategy for CIS Countries Developed by UN ECE

11.2.1 Development of Educational Activity and Personnel Training

11.3 Renewable Energy Sources (RES) Mandatory Targets for CIS Countries

12 UKRAINE RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK

12.1 Main Laws and Regulations

12.2 Support Schemes

12.3 Key Recent and Pending Changes in Renewable Energy Law in Ukraine

12.4 Zoning, Planning and Construction Related Authorizations

12.5 Environmental Related Authorizations

12.5.1 Natura 2000 Network

12.5.2 Clean Development Mechanism (CDM) and Joint Implementation (JI)

12.6 Energy Law Authorizations

12.6.1 Power Generation Licensing

12.6.2 Grid Interconnection and Quota Limitations

12.6.3 Power Off-Take and Power Purchase Agreement (PPA)

12.6.4 Green Tariff (Feed-in Tariff)

12.6.5 Green Renewable Energy Sources (RES) Certificates (Guarantees of Origin)

12.7 Additional Incentives for Photovoltaic (Solar PV) Power Projects in Ukraine

12.8 Future Market Pricing Mechanisms

13 KEY STAKEHOLDERS AFFECTING PHOTOVOLTAIC (SOLAR PV) POWER MARKET DEVELOPMENT IN UKRAINE

13.1 Government Stakeholders

13.1.1 The Ministry of Energy and Coal Industry(MECI)

13.1.2 Ministry of Economic Development and Trade (MEDT)

13.1.3 Ukrainian National Energy Regulatory Commission (NERC)

13.1.4 State Agency For Energy Efficiency and Energy Conservation (SAEEEC)

13.1.5 State Environmental Investment Agency (SEIA)

13.1.6 Ministry of Ecology and Natural Resources (MENR)

13.1.7 Ministry of Agriculture and Food (MAF)

13.2 Non-Government Stakeholders

13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s)

13.3.1 Capacity of the Electricity Network

13.3.2 National Electricity Company UKRENERGO (TSO)

13.3.3 Energorynok

13.3.4 Distribution System Operators (Oblenergos)

13.3.5 DTEK

13.3.6 Energy Standard Group S.A.

13.3.7 AES

13.3.8 VS Energy

13.3.9 Privat Group

14 CONCLUSIONS AND RECOMMENDATIONS

For more information about this report visit https://www.researchandmarkets.com/r/yl4kzz

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KEYWORD: UKRAINE EUROPE

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY ENVIRONMENT

SOURCE: Research and Markets

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PUB: 09/24/2019 12:16 PM/DISC: 09/24/2019 12:16 PM

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