Ukraine plans to install 2,000 megawatts of solar power and wind power in the coming years, catching up to other European countries.

At the end of this year, solar power plant built in Crimea is set to achieve the production rate of 100,000 MWh of electricity a year. This rate makes the central station in the most powerful solar power built in the region and one of the largest solar power plants in the world. The power plant of this size is estimated to reduce CO2 emissions by 80,000 tons of Ukraine.

The solar power plant in Okhotnykovo, Crimea is part of the Natural Energy nationals. The State Agency of Ukraine for Energy Efficiency and Energy Conservation (SAUEEEC, for its acronym in English) launched the project in 2010. It is aimed at producing electricity from renewable energy sources like wind and solar, by the amount of 2,000 MW. The objective of this initiative is to provide low cost electricity transport and preserve the environment. The SAUEEEC expects that the share of renewable energy production reaches 30 percent of the Ukrainian energy market by 2015.

The central Okhotnykovo offer a production of 80 MW, making it the largest solar power plant in Europe. Currently, most solar power plant is located in Italy and produces 72 MW.

After the construction of the remaining two of the four production lines of energy, the power station area will equal to 207 football fields. The solar power plant will provide green power for 20,000 homes.

Ertefai Kaveh, CEO of the Austrian company “solar activity,” project leader, said: “A project of this magnitude means a radical change in solar energy development in Europe, ensuring Ukraine’s position as a supplier of renewable energy.”

Ukraine finances its energy saving projects with the revenues the government gets to sell CO2 quotas under the Kyoto Protocol. In 2009, after its share trading in CO2 emission in Japan, Ukraine has received nearly 400 million U.S. dollars.

The amount of solar radiation in Ukraine is 800 to 1450 W / m² per year and offers a potential market expansion of solar energy projects. In 2009, Ukraine is the tenth-second largest in the world energy market with an installed capacity of 54 GW. Ukraine exports its excess electricity to Hungary, Moldova, Poland, Romania, Russia and Slovakia.

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