Despite the challenges of wartime, the solar energy market in Ukraine continues to develop rapidly. According to experts, about 800 MW of new solar power plants were built in 2024. The total capital intensity of the market is estimated at $320 million, which indicates a high interest in this sector from businesses and private investors.
Main trends in 2024:
- Growth in solar panel imports – 884 MW of photomodules were imported to Ukraine in 10 months of 2024, which is about 3 times more than in the same period in 2023.
- Market expansion – the number of importing companies increased from 233 to 451, which indicates increased competition and availability of equipment.
- Reduction in the cost of building a solar power plant – the average price of 1 MW of solar energy built is about $400,000 or $400 per 1 kW.
There are about 100 large and medium-sized companies on the market, as well as hundreds of small contractors represented by teams of 5-10 electricians. The average marginality of the business in the field of installing solar power plants is 10-15%.
Alteco is one of the pioneers in the field of solar energy in Ukraine. For more than 14 years, we have been implementing solar power plant projects for businesses, enterprises and private households. If you are planning to invest in a solar power plant in 2025, contact us. We will help you make the right choice!
