In recent years, Ukraine's energy structure has been primarily dominated by thermal and nuclear power, with both accounting for significant proportions in terms of installed capacity and power generation. However, due to the ongoing Russia-Ukraine conflict, Ukraine's power infrastructure has suffered unprecedented damage, leading to severe electricity shortages nationwide. This situation has not only exacerbated the inconvenience in people's lives but also forced the Ukrainian government to adopt emergency measures to address the crisis.
According to new data, as of the end of 2022, the combined installed capacity of thermal and nuclear power in Ukraine accounted for 60% of the total installed capacity. In terms of power generation, these two sources contributed a staggering 74% of the total. However, since the outbreak of the conflict, Ukraine's power facilities have been severely damaged. From April to June 2024 alone, Ukraine lost 9GW of power generation capacity, further straining the already tight power supply.
To compensate for the power shortage and rebuild the damaged power system, the Ukrainian government had to implement a series of emergency measures, including raising electricity prices starting in June. However, this is merely a stopgap measure. In the long run, finding sustainable, stable, and reliable power supply methods is key to solving the problem.
Against the backdrop of significant price reductions in the global solar-plus-storage industry chain, photovoltaic energy storage systems (solar-plus-storage) have become an effective solution to address the power supply issues for Ukrainian residents and small commercial and industrial users. Solar-plus-storage systems can not only store solar energy when sunlight is abundant but also provide emergency power supply during grid outages, ensuring users' electricity needs are not affected.
In fact, China, as a crucial link in the solar-plus-storage industry chain, has been actively supporting the growth of Ukraine's solar-plus-storage demand. Statistics show that in June 2024, China's exports of solar energy storage related products such as inverters and modules to Ukraine achieved month-on-month growth of 139% and 69% respectively. These figures not only demonstrate the close cooperation between China and Ukraine in the solar-plus-storage sector but also indicate that Ukraine's demand for solar-plus-storage systems is rapidly increasing.
Looking ahead, with the official implementation of Ukraine's relevant tariff reduction policies, it is expected that its demand for solar-plus-storage will see a further increase. Especially against the backdrop of severely damaged power facilities and residential power supply shortages, household solar-plus-storage systems will undoubtedly become the preferred solution for Ukrainian citizens to solve their electricity problems. Currently, Ukraine's power predicament provides broad space and opportunities for the rapid development of its solar-plus-storage market. With the continuous advancement of global solar-plus-storage technology and ongoing cost reductions, it is believed that in the near future, solar-plus-storage systems will play an increasingly important role in Ukraine's energy structure, contributing significantly to the country's power supply security and sustainable development.