Investment in industrial solar power plants fell significantly in 2020

News

Investment in industrial solar power plants fell significantly in 2020

27.11.2020 News

Company representatives, who engaged in the design, construction and equipment for solar power plants, note a significant decline in demand for their services. This is due to instability of the industry and growing debts for “green” electricity.

“We are talking about 1260 MW of RES generation that has been launched in the first three quarters of this year. This is more of a moment of inertia. If you take away all the facilities that were decided to invest in this year, when all these problems just began, there will be very little left of this figure, perhaps ten percent, “said the director of Voltage Group Vitaliy Nikolaenko, who oversees the implementation of design projects and construction of energy facilities.

The owner and CEO of Atmosphere Oleksiy Badika is a distributor of technologies and equipment for renewable energy. He also noted the reduction in demand for domestic SPP this year.

In addition, CEO of high-voltage equipment manufacturer Volten Group Alexander Suslov said: “By the beginning of the year, we had plans to participate in 200 MW projects, as a result – 13 MW per year. This is a catastrophic decline in the industry”.

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