Incentives Spur Solar Power Growth in Ukraine

Renewable energy advocates always say that official incentive is key to promote the adoption of clean energy. Ukraine, in Eastern Europe, is the latest case in point.

According to a Bloomberg report, the country’s solar power capacity will double this year, thanks to the completion of Europe’s largest PV solar plant and incentives that are a third higher than in other parts of Europe.

2012 may see the installation of panels with 300 MW, following 200 MW in 2011. Back in 2010, there were only 2.5 MW of installed solar power in Ukraine.

While some countries are cutting back on solar subsidies, Ukraine has become become the latest country to bet on alternative energy to promote sustainability and economic growth.

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