How much money will Ukraine need to build a solar PV system?

The latter especially is key, as the build-up of solar PV in Ukraine from current levels to 14 GW by 2030 will require over EUR 4.39 bn, which will necessitate significant financing from both private actors as well as international 43 Energy Community Secretariat (2023).

Is solar PV a cost-optimal solution for Ukraine?

On the financial side, the installation of large amounts of solar PV presents the most cost-optimal solution for Ukraine.

Can solar PV help rebuild Ukraine's electricity system?

Solar PV holds significant potential for the reconstruction of Ukraine’s electricity system. The Ukrainian solar PV sector has experienced rapid growth in the late 2010s, growing almost three-fold from 2.0 GW to 5.9 GW in 2018 alone, reaching a total of 8.06 GW by early 2022.

How much solar PV will Ukraine have by 2027?

While an installed capacity of 9.2 GW of solar PV by 2027 and 14 GW by 2030 may not seem too high in absolute terms, especially given Ukraine’s current energy crisis, these additions would be extremely significant when considering the overall size of Ukraine’s overall power plant park and technical constraints.

Does Ukraine have a solar plan?

Nonetheless, while Ukraine’s technical potential for renewables, and especially solar PV is strong, the Ukraine Plan foresees only meagre additions to solar PV capacities until 2027.

How to spur Ukraine's solar PV sector?

As such, several key priority areas emerge, which must be addressed in order to spur Ukraine’s solar PV sector: Invest in grid stability and transmission: To accommodate the rapid expansion of solar PV, significant investment is needed in grid modernisation and expansion.