PVTIME – Despite the ravages of war, Ukraine achieved significant growth in the PV market in 2024, with new installed capacity reaching 800-850MW in 2024, according to the Association of Solar Energy of Ukraine (ASEU).This growth was driven mainly by the reliance on self-consumption of PV systems by businesses and households to ensure the stability of electricity supply while meeting the challenges of grid security.
Vladyslav Sokolovsky, Chairman of ASEU’s Board of Directors, noted that the growth of the self-consumption market is due to the elimination of VAT and import duties on photovoltaic (PV) modules and related equipment in the summer of 2024, a policy that strongly supports the deployment of residential and commercial solar power systems.
According to the International Renewable Energy Agency (IRENA), Ukraine’s cumulative installed PV capacity had reached 8.06GW by the end of 2023, with new installations reaching 3.93GW in 2019, 1.395GW and 731MW in 2020 and 2021 respectively.
ASEU is optimistic about the prospects for the Ukrainian PV market. In the self-consumption market, more and more companies are investing in combined PV systems with storage to ensure energy security, and for industrial PV projects, a number of new projects have already been announced for 2024, and the future is expected to see a further boost in the construction of industrial PV power plants.
Sokolovsky also mentioned the development potential of agro-photovoltaics. Farmers and agricultural companies can significantly reduce their energy costs by installing PV and storage systems when they are far from substations or need to lay transmission lines.Sokolovsky said that agro-photovoltaics will gradually develop in Ukraine from the point of view of economic viability, and the first results are expected in 2025.
Under the National Renewable Energy Action Plan, Ukraine aims to increase total installed PV capacity to 12.2GW by 2030.
