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Market Overview Ukraine's Solar Energy: Current Status

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Market Overview Ukraine's Solar Energy: Current Status European‐Ukrainian Energy Agency Market Overview Ukraine’s Solar Energy: Current Status prepared with support of Rentechno Company Kyiv, November 2011 www.euea‐energyagency.org Table of contents BACKGROUND .................................................................................................................................................... 4 CURRENT STATUS ............................................................................................................................................... 4 LEGISLATION ....................................................................................................................................................... 4 Green tariff (GT): ................................................................................................................................................ 4 Local component: ............................................................................................................................................... 5 Taxation: ............................................................................................................................................................. 6 Electricity grids: .................................................................................................................................................. 6 Poor project development: ................................................................................................................................. 6 Infrastructure...................................................................................................................................................... 7 INSTITUTIONAL FRAMEWORK ............................................................................................................................ 7 National Electricity Regulatory Commission of Ukraine (NERC) ........................................................................ 7 State Agency on energy efficiency and energy saving of Ukraine (NAER) ......................................................... 8 Energy Community Treaty .................................................................................................................................. 8 KEY MARKET PLAYERS ........................................................................................................................................ 9 PJSC “Semiconductor Plant” ............................................................................................................................... 9 JSC Pillar .............................................................................................................................................................. 9 Silicon LLC ........................................................................................................................................................ 10 PJSC “KVAZAR” ................................................................................................................................................. 10 Activ Solar ......................................................................................................................................................... 10 RENTECHNO ..................................................................................................................................................... 11 MANAGESS AG ................................................................................................................................................. 12 SUNELECTRA ..................................................................................................................................................... 13 Schneider Electric ............................................................................................................................................. 13 Solarig ............................................................................................................................................................... 14 FUNDING FOR PV PLANTS ................................................................................................................. 14 1 EXPERT OPINIONS ............................................................................................................................................ 15 Appendix I .......................................................................................................................................... 19 Appendix II ......................................................................................................................................... 20 2 Dear colleagues, Given the rapid development of Ukraine’s renewable energy market in the past two years and high activity in the solar power market segment, we decided to share with all of you the brief overview of the Solar Energy Market in Ukraine. During the past months we have witnessed number of small and medium size players establishing activities in Ukraine and exploring the project development opportunities. Whereas there are numerous challenges to overcome, European‐Ukrainian Energy Agency does see a huge potential in solar PV development in projects between 1‐10 MW and will actively contribute to market growth, promote fair rules of the game for all stakeholders, transparency in energy sector and more secure investment climate. This overview highlights some of the most active players on the market at this stage, and even we have not been able to identify all of you yet, we will be happy to include the information about your plans and projects in our further updates of this market overview. Please, contact us any time! Special thanks to Rentechno Company for support in the report preparations and we look forward to hearing more news from all you! We hope you find this information useful! Sincerely, Dave Young Chairman, European‐Ukrainian Energy Agency European‐Ukrainian Energy Agency (EUEA) ‐ is a non‐profit Association founded in Kyiv in 2009 with the goal to establish a solid platform for joint EU‐ Ukrainian actions to create sustainable society, support the efficient use of energy resources as well as promote the energy friendly technology transfer. EUEA aims to address the issues of energy efficiency and development of renewable energy sector at each stage of the energy chain, (from generation to consumption, including transport) by providing up‐to‐date information, promoting adoption of EU legislation and standards in Ukraine as well as initiating and supporting projects at the initial stages. Today EUEA brings together the key stakeholders within the areas of energy efficiency in buildings and district heating systems, biomass, biogas, wind energy and project financing. Among the priority issues for EUEA is also Ukraine’s fulfilment of the obligations in frames of the Energy Community Treaty. www.euea‐energyagency.org 3 BACKGROUND The geography of Ukraine shows a great potential for the solar energy market development, thus the potential of solar energy in Ukraine is high enough for the wide application of solar equipment (please, see Appendix I and Appendix II). The incidence of solar radiation increases from northwest (1070 kW/m2) to southeast (1440 kW/m2) with the highest potential on the Crimean peninsula. The time period for the efficient usage of solar collectors in the southern regions of Ukraine is 7 months (from April to October), in the northern regions ‐ 5 months (from May to September). Photovoltaic equipment can operate effectively during the year. Currently solar collectors for water heating are widely implemented in the southern part of Ukraine and their volume is growing. According to National Agency for Energy Saving and Energy Efficiency (former NAER) the solar potential of Ukraine is much higher than that of Germany and it is technically possible that the share of solar energy will reach 10% of Ukraine’s energy balance till 2030. Despite the fact that the equipment for generation of solar energy is still quite expensive, the world experiences a trend of decreasing production costs of such equipment. CURRENT STATUS According to EBRD, Ukraine appears to be ready to become a leader in Europe’s clean energy economy soon, especially with regard to the solar energy market which seems to be one of the most perspective markets of the renewable energy. Currently, Ukraine became a host for the biggest solar‐ power plant in Europe and it is projected that solar energy market of Ukraine will grow by 90% annually until 2015. Ukraine has all the prerequisites for the successful development of the solar energy market: high indicator of DNI (Direct Normal Irradiance), high feed‐in “green” tariff, possibility to use JI under the Kyoto Protocol for solar power projects and favorable tax exemption provisions. Additionally, Ukrainian energy strategy aims to grow up to 20% of energy from renewable sources by 2020 and Ukrainian feed‐in tariff for alternative energy is nearly twice as of some G8 members. LEGISLATION Over the last couple of years Ukraine has been quite ambitious about its alternative energy policies: Verkhovna Rada of Ukraine adopted the Law “On Introduction of the Amendments to the Law of Ukraine “On Electric Energy” in Respect of the Incentives for Use of Alternative Sources of Energy” on April 1, 2009 and in August 2010 Viktor Yanukovych, President of Ukraine, committed that the construction of wind and solar power plants will be among ten priority national projects. Such rapid changes and ambitious declarations
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