By Swann Bigot, legal expert and consultant in international affairs, for Eurasia Network – September 30, 2019

Wind turbines, June 2018 - Photo credit : Swann Bigot

Wind turbines in fields, December 2018 – Photo credit : Swann Bigot

Ukraine – Wind Power Market Outlook, 2018-2021 

Official targets, capacities, generation, investments trends, companies and local industry


Are you looking for investment opportunities in the wind energy ?

With an economic growth forecast of 3% in 2019 and 3.2% in 2020, Ukraine offers interesting business opportunities for investors and companies. One of the most dynamic sectors is the energy industry, which is undergoing modernization and transformation, benefiting from increasing energy needs. 

The Ukrainian wind power industry will continue growing in the coming years as the country set the official target of 25% of renewable energy share by 2035 and provide attractive conditions to investors and energy companies. Over the past five years, 2,169 MW of new renewable energy capacities have been built in Ukraine, for a global investment worth around EUR 2 billion. 

Wind power is now playing a key role in the Ukrainian energy transformation. Foreign and local companies are actively engaged in wind farm projects in the country, driving investments, new skills, new generating facilities and manufacture capacities. The new President Volodymyr Zelensky elected in April and the new government voiced their support towards investors and more favourable conditions for business.

The transformation started ten years ago, when Ukraine launched the reform of its energy sector and adopted in 2009 the first legislation related to renewable energy.

Modernization of generating infrastructure and power grid as well as the development of renewable energy capacities are now the priorities. The country suffers an energy deficit and has to import foreign gas for heat and electricity generation, paid in foreign currency. In addition, the majority of power plants have already exceeded their operating lifetime and need to be modernized.

Therefore the national renewable energy policy aims at reinforcing the stability of power supply and increasing the national energy independence. Dozens of wind farms are built with Ukrainian or foreign investments, using the incentives brought by the new legislation. Thousands of jobs are created for local workers.

The new wind power generation capacities must help to cover the national energy needs, with a population reaching 44.2 million inhabitants in 2017 and a growing economy. The development of related infrastructure is also expected to revive the national economy after years of recession, provided necessary equipment is produced locally. The Ukrainian wind power industry is now among the most attractive for foreign direct investments together with agriculture and IT sector.

The International Renewable Energy Agency revealed in February 2017 that the wind power cost-competitive potential of Ukraine amounts to 119.2 GW. This is the largest wind power potential of Eastern Europe.

In addition, the Ukrainian political climate is favourable to foreign investments. The President Zelensky wants to continue reforming the country with the help of national and foreign businessmen, experts and companies. During the forum “Dialogue of business and Government” held in Kyiv on June 20, the head of state called to develop renewable energy capacities and energy efficiency :

Over the next five years, we will do our utmost to become truly energy independent: to integrate into the European energy market, […] to create conditions for the development of alternative energy sources. Together with the energy saving program, this will make our economy even more efficient and effective […].”

The goal of this market outlook is to help investors interested in the wind power industry in Ukraine by giving them a complete overview for the period 2018-2021.

When looking at the Ukrainian wind power market, investors and energy operators may ask the following questions :

  • Is it the right time to invest in wind energy in Ukraine ?
  • What are the legal and the regulatory frameworks ?
  • What is the national wind energy target ?
  • What are the foreign companies engaged in the sector ?
  • How much have they invested ? Are these wind farm projects successful ?
  • What is the national market situation ?

This report will answer these questions with 70 pages of operational and difficult to obtain information and in-depth analysis of the Ukrainian wind power market.

The current renewable energy capacities and the official target for 2035 (Chapter I) are reinforced by a financially interesting support scheme (Chapter II). Large wind farms are now built in Ukraine by national and foreign companies (Chapter III), which allows the development of national manufacture capacities, which represent opportunities for investors in search of sustainable income (Chapter IV).

Five reasons to buy this report :

  1. Help your decision making process about a complex market ;
  2. Presentation of the Ukrainian target for renewable energy by 2020 and by 2035 ;
  3. Identification of key growth and investment opportunities in the Ukrainian wind power market ;
  4. Presentation of the major players of the Ukrainian wind power market ;
  5. An analysis of the recent reforms of the feed-in-tariff and the introduction of auctions for wind power projects ;

Single User License – 1,800 EUR

Several Users License (2 to 5) – 3,400 EUR

Enterprise License (5 to 10) – 5,000 EUR

Global License (Unlimited) – 6,100 EUR

After the payment you will receive by email the report and an invoice in pdf format.

The report is written in English and delivered by e-mail after the payment.

If you have any question or you want to order, send an email at


Single User License : the report can be used by the individual purchaser only.

Several Users License : the report can be used by 2 up to 5 employees  within the purchasing company.

Enterprise License : the report can be used by 5 up to 10 employees  within the purchasing company.

Global License  : the report can be shared globally by unlimited users within the purchasing company.

About the author 

Swann Bigot, legal expert and experienced consultant in international affairs. Listening, thinking and giving advice about renewable energy and electric mobility in Europe, Russia, Ukraine and CIS countries. His goal is to bring valuable information to business leaders, policymakers, scholars and citizens to identify opportunities and risks and make the right decision.

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© Copyright 2019 – Swann Bigot, legal expert and consultant in international affairs.

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