Like so much in Ukraine, renewable energy has enormous potential. But while it is developing, it remains held back by insufficient investment.
In its 2014 national action plan, Ukraine set the target of producing 11 percent of its energy from renewable sources by 2020. However, barring a massive influx of investment, it is likely to miss this goal.
Renewables have attracted significant interest, but accounted for just 1.3 percent Ukraine’s energy production in 2016, with another 6.1 percent from large-scale hydroelectric plants.
Oleksiy Orzhel, the head of the Ukrainian Association of Renewable Energy, is optimistic, but conceded that the goal “will be rather tough.”