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On-Grid Hybrid Wind–Solar Power Plants in Ukraine’s Residential Sector: Economic Justification of Installation Under Different Support Schemes

Author

Listed:
  • Tetiana Kurbatova

    (International Economic Relations Department, Sumy State University, 40007 Sumy, Ukraine)

  • Iryna Sotnyk

    (Department of Economics, Entrepreneurship and Business Administration, Sumy State University, 40007 Sumy, Ukraine
    Renewable Energy Systems Group, Institute for Environmental Sciences, University of Geneva, CH-1211 Geneva, Switzerland)

  • Tetiana Perederii

    (International Economic Relations Department, Sumy State University, 40007 Sumy, Ukraine)

  • Olha Prokopenko

    (Estonian Entrepreneurship University of Applied Sciences, 11415 Tallinn, Estonia
    Department of Business Economics and Administration, Sumy State Makarenko Pedagogical University, 40000 Sumy, Ukraine)

  • Bogdan Wit

    (Faculty of Management, Lublin University of Technology, 20-618 Lublin, Poland)

  • Uliana Pysmenna

    (Department of Economics and Entrepreneurship, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, 03056 Kyiv, Ukraine)

  • Oleksandra Kubatko

    (Department of Economics, Entrepreneurship and Business Administration, Sumy State University, 40007 Sumy, Ukraine)

Abstract

On-grid hybrid wind–solar systems are one of the best sustainable solutions for developing distributed generation, as they can provide a stable and reliable electricity supply, effectively using the potential of the two most common renewable energy resources. In Ukraine, promoting the development of on-grid hybrid wind–solar power plants takes on particular importance under conditions of electricity shortages caused by the large-scale destruction of the energy infrastructure due to the ongoing hostilities. This article examines the economic efficiency of installing such power plants in the residential sector of Ukraine under different state support schemes. This study was conducted for on-grid hybrid wind–solar systems of various configurations and installed capacities with different equity and debt capital proportions involved in implementing investment projects. This study’s results highlight the economic efficiency of the feed-in tariff compared to the net billing for households investing in such facilities and emphasize the need to improve policy measures to increase their investment attractiveness.

Suggested Citation

  • Tetiana Kurbatova & Iryna Sotnyk & Tetiana Perederii & Olha Prokopenko & Bogdan Wit & Uliana Pysmenna & Oleksandra Kubatko, 2024. "On-Grid Hybrid Wind–Solar Power Plants in Ukraine’s Residential Sector: Economic Justification of Installation Under Different Support Schemes," Energies, MDPI, vol. 17(20), pages 1-19, October.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:20:p:5214-:d:1502616
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    References listed on IDEAS

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    Cited by:

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