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Ukraine Solar Photovoltaic (PV) Market Analysis and Forecasts to 2015

 

Hyderabad, AP -- (SBWIRE) -- 06/13/2010 -- The need for energy security, stability and energy independence is driving governments across the world to promote and develop renewable power sources, including solar photovoltaic (PV). The global solar PV market is driven by supportive mechanisms offered by governments across the world. The market stimulation packages being offered by several governments are expected to drive the growth of this industry in the coming decade. By 2015, the global cumulative installed capacity is expected to reach 108,458 MW as the sector continues to receive government support in the forecast period as well. During 2009-2015, the cumulative installed capacity is projected to grow at CAGR of 29.6%. With the increased installations, the power generation from the Solar PV technology is anticipated to reach 84,452GWh by 2015 from 17,718GWh in 2009, at a forecast CAGR of 29.73%.

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Ukraine is the twelfth largest power market in the world with an installed capacity of 54GW in 2009. Rapid industrialization has led to a tremendous increase in the demand from energy-intensive industries in the region. The installed electricty capacity in Ukraine remained almost constant with a total capacity of 53.9GW in 2001 rising to around 54GW in 2009. Ukraine exports its excess electricity to certain Central and Eastern European countries (CEEP), which include Russia, Slovakia, Romania, Poland, Moldova and Hungary.

The growth of renewables in the country is slow due to the lack of proper policy support for renewables and the prevailing political conditions, which make the implementation of renewable projects risky. Hydro is the dominant source of renewable power in the country, accounting for a share of around 98% (made up of 95.66% large and 2.28% small and mini hydro) of the cumulative renewable power generation capacity. Wind, solar PV and biopower accounted for 1.93%, 0.07% and 0.06%, respectively, of Ukraine’s total renewable installed capacity in 2009.

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Ukrainian solar PV is driven by the green tariff system and has emerged as being the most effective incentive to promote solar energy in the country. The green tariff system was first introduced in September 2008 and amended in April 2009 introduced fixed Feed-In Tariffs (FIT) for electricity from renewable sources for the 20 years. The green tariff also guarantees grid connectivity to the entire renewable power generated from the project. Solar PV projects with less than 100kW (kilowatts) of capacity currently attract a tariff of $0.323/kilowatt hour (kWh) (Ukrainian Hrvynia (UAH) 2.5722/kWh) and PV projects with greater than 100kW capacity gets a tariff of $0.338/kWh (UAH 2.6892/kWh). The FIT will provide a level playing field to all players in the industry.

GlobalData's "Ukraine Solar Photovoltaic (PV) Market Analysis and Forecasts to 2015" gives an in-depth analysis of the Ukraine solar PV power market and provides forecasts up to 2015. The research analyzes the growth and evolution of the Ukraine solar PV power market up to 2009 and gives historical and forecast statistics for the period 2001-2015. This research also gives detailed analysis of the market structures of the technology and regulatory policies that govern it. Detailed information on key current and upcoming assets give a roadmap to this industry’s development. Ukraine is the twelfth largest power market in the world with an installed capacity of 54GW in 2009. Rapid industrialization has led to a tremendous increase in the demand from energy-intensive industries in the region. Ukraine exports its excess electricity to certain Central and Eastern European countries (CEEP), which include Russia, Slovakia, Romania, Poland, Moldova and Hungary. Ukrainian solar PV is driven by the green tariff system and has emerged as being the most effective incentive to promote solar energy in the country.

For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Ukraine-Solar-Photovoltaic-PV-Energy-Market-Analysis-and-Forecasts-to-2015&ReportType=Industry_Report&coreindustry=ALL&Title=Alternative_Energy

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