STRATEGIC MANAGEMENT OF SOLAR ENERGY SYSTEMS IN UKRAINE: CHALLENGES AND OPPORTUNITIES IN A TRANSITIONING ENERGY MARKET (CASE STUDY OF AN ENERGY BUSINESS UNIT)
| dc.contributor.author | Karavan, Kateryna | |
| dc.date.accessioned | 2025-03-07T14:09:45Z | |
| dc.date.available | 2025-03-07T14:09:45Z | |
| dc.date.issued | 2025 | |
| dc.description.abstract | After intense attacks from russia in the summer of 2024 more than two-thirds of the energy capacities in Ukraine were destroyed, leaving the Ukrainian energy market suffering from constant power outages and needing to find funding to restore deficient energy. The purpose of this work is to examine the potential of solar energy systems (SES) to mitigate the challenges that Ukraine is facing because of the impact of the war, as well as their benefits in the long-term perspective for fulfilling the goals like energy independence, economic recovery, and environmental sustainability. This research utilized a mixed study approach. The quantitative analysis method was used to analyze the case studies of SES installations in Oleksandrivka, Kherson region, and Tetiiv, Kyiv region, while qualitative method was used to examine the current trends and policies to better understand the gaps that prevent rapid development of Ukraine’s green energy market. Based on the findings, Ukraine’s energy system can benefit from hybrid renewable energy systems (HRES). Despite having high initial investments, the benefits such as a decentralized energy system, low maintenance and operational costs, and low environmental impact make this technology very advantageous both for Ukraine's fast recovery and long-term stability. The analysis of cases revealed that SES projects without storage systems could achieve a return on investment within 3.5 years, with capital expenses (CAPEX) costs declining by 27% over the past five years. Additionally, both photovoltaic systems and energy storage solutions were found to be highly financially viable. To promote the development of SES in Ukraine, a cohesive strategic framework should be implemented. It is needed to facilitate the procedure of regulatory needs such as building permits and grid connection approvals and create a safe investment environment for both local and foreign investors. Moreover, the state should undertake measures for grid modernization and recovery with a view to facilitating the connection of new power plants to the general grid. Stimulation of development of energy storage units and creation of regulatory environment for energy balancing businesses would provide significant long-term benefits for the country’s energy independence and stability. By addressing these problems even higher growth rates of new SES installations could be expected, enhancing Ukraine’s energy resiliency. | |
| dc.identifier.citation | Karavan, K. (2025). STRATEGIC MANAGEMENT OF SOLAR ENERGY SYSTEMS IN UKRAINE: CHALLENGES AND OPPORTUNITIES IN A TRANSITIONING ENERGY MARKET (CASE STUDY OF AN ENERGY BUSINESS UNIT). Kyiv: American University Kyiv. 35 p. | |
| dc.identifier.uri | https://er.auk.edu.ua/handle/234907866/126 | |
| dc.language.iso | en_US | |
| dc.publisher | Manuscript | |
| dc.subject | energy sector potential | |
| dc.subject | renewable energy | |
| dc.subject | SES | |
| dc.subject | energy security | |
| dc.subject | sustainability | |
| dc.title | STRATEGIC MANAGEMENT OF SOLAR ENERGY SYSTEMS IN UKRAINE: CHALLENGES AND OPPORTUNITIES IN A TRANSITIONING ENERGY MARKET (CASE STUDY OF AN ENERGY BUSINESS UNIT) | |
| dc.title.alternative | СТРАТЕГІЧНЕ УПРАВЛІННЯ СОНЯЧНИМИ ЕНЕРГЕТИЧНИМИ СИСТЕМАМИ В УКРАЇНІ: ВИКЛИКИ ТА МОЖЛИВОСТІ НА ПЕРЕХІДНОМУ ЕНЕРГЕТИЧНОМУ РИНКУ (ДОСЛІДЖЕННЯ НА ПРИКЛАДІ ЕНЕРГЕТИЧНОЇ БІЗНЕС-ОДИНИЦІ) | |
| dc.type | Thesis |