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Ukraine's solar market is booming amid blackouts. See 2025 demand drivers, payback, financing tools and risks – a guide for foreign PV investors
Ukraine's annual solar energy volume is higher than that of Germany, one of the industry leaders. From 2018 to 2020, solar energy capacity increased nearly fivefold. As of 2024, solar power plants account for about 75% of “green” energy production in Ukraine (excluding large hydropower plants).
Solar insolation in Ukraine ranges from 1100 to 1500 kWh/m², making the entire country suitable for solar power plant deployment. The southern regions of the country are optimal for operation. Approximately half of all solar power plants are concentrated in six regions: Ivano-Frankivsk, Dnipropetrovsk, Vinnytsia, Khmelnytskyi, Kyiv, and Mykolaiv.
As of early 2024, renewable energy capacity stood at 8.7 GW. Despite the war's challenges, in 2023, DTEK Networks connected over 1,400 new RES facilities to the system, commissioning 182.3 MW of wind and approximately 500 MW of solar power plants. In 2023, Ukrainian businesses invested around USD 150 mln in solar energy.
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