East Europe Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)
East Europe Renewable Energy Market is segmented by Type (Hydropower, Solar, and Others) and Geography (Russia, Poland, Ukraine, and Others). The report offers the market size and forecasts in installed capacity (GW).
East Europe Renewable Energy Market Size and Share
Study Period
2021 - 2030
Base Year For Estimation
2024
Forecast Data Period
2025 - 2030
Historical Data Period
2021 - 2023
CAGR
4.50%
Market Concentration
Low
Major Players
*Disclaimer: Major Players sorted in no particular order
East Europe Renewable Energy Market Analysis by Mordor Intelligence
The East Europe Renewable Energy Market is expected to register a CAGR of greater than 4.5% during the forecast period.
COVID-19 marginally impacted the market in 2020. Presently the market has reached pre-pandemic levels.
Over the medium term, factors such as increased environmental awareness and regulations and decreased cost per kilowatt of electricity generated are expected to boost the market.
On the other hand, the high price of solar and wind energy storage is expected to restrain the market.
Nevertheless, new models of solar cells made of a thin film technology that uses thin coatings of cadmium telluride in solar cells, which have higher efficiency and lower cost, may prove to be an opportunity in the sector.
Russia is expected to dominate the renewable energy market during the forecast period in the region. Due to a significant rise in investment in renewable energy projects.
East Europe Renewable Energy Market Trends and Insights
Hydropower Segment to Dominate the Market
The hydropower segment is expected to dominate the market as a vast reservoir of dams has been built across east Europe due to its history with U.S.S.R. It is expected to remain the largest renewable energy segment in the forecast period. Most of the dams have been constructed in Russia.
The hydropower Segment includes different-sized reservoir dams that can be used to provide renewable energy. Hydropower is the most used renewable energy in East Europe.
In January 2022, the Polish government announced that work would be resumed on the country's largest hydroelectric plant 50 years after construction began and 33 years after the project was abandoned. The plant will have a capacity of 750 MW and will be located in the village of Młoty, southwestern Poland.
Hydropower (including mixed plants) constitute almost 72.7%of the total renewable energy generated in the region, with nearly 74,101 MW of energy being produced, in 2021.
Therefore, vast reservoirs of dams providing renewable energy are expected to dominate the market due to their large size relative to other renewable energy, a continuation of maintenance, and little increase in investments.
In 2021, more than 18% of Russia's electricity is produced by Russia's hydroelectric power plants, with the country holding a wealth of untapped resources to increase its output significantly.
Most of the renewable energy in the country is produced by hydropower projects. In 2021, the country's renewable energy capacity stood at 56.2 GW. New projects in the solar energy sector are expected to be added to the total renewable energy market.
The biggest hydropower plant in Russia, the Sayano-Shushenskaya hydroelectric power plant, is located on the Yenisei River in Sayanogorsk, Khakassia. The power station's 242m-high arch-gravity dam has an installed capacity of 6.4GW. The hydro project provides plentiful electricity supply in the Central and East regions of the country.
Hence, Russia is expected to dominate the market due to its large size and increased renewable energy installed capacity in the forecast period.
However, after the outbreak of the Russia-Ukraine conflict, Russia is not expected to witness any significant growth in its renewable energy portfolio as almost all of the foreign companies have exited the country.
East Europe Renewable Energy Market is partially fragmented. Some of the key players in this market are (not in particular order) PJSC RusHydro, Vestas Wind Systems A/S, Enel Green Power S.p.A., NOTUS Energy GmbH, and SGS SA.
East Europe Renewable Energy Industry Leaders
Federal Hydro-Generating Co RusHydro PAO
Vestas Wind Systems A/S
Enel Green Power S.p.A.
NOTUS Energy GmbH
SGS SA
*Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
November 2022: investors submitted applications to Albania's Ministry of Infrastructure and Energy for the construction of three photovoltaic plants with a combined capacity of 151 MW, of which the largest one would have 93 MW.
November 2022: Poland started operating one of its first floating PV arrays on an artificial reservoir. The project features 110 bifacial modules with a total capacity of 49.5 kW.
Table of Contents for East Europe Renewable Energy Industry Report
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Renewable Energy Installed Capacity Forecast in GW, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Hydropower
5.1.2 Solar
5.1.3 Others
5.2 Geography
5.2.1 Russia
5.2.2 Poland
5.2.3 Ukraine
5.2.4 Others
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Vestas Wind Systems A/S
6.3.2 Enel Green Power S.p.A.
6.3.3 NOTUS Energy GmbH
6.3.4 SGS SA
6.3.5 Wärtsilä Oyj Abp
6.3.6 Hanwha Q Cells Co., Ltd.
6.3.7 Schneider Electric SE
6.3.8 C&C Energy SRL
6.3.9 Federal Hydro-Generating Co RusHydro PAO
*List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Subject to Availability
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East Europe Renewable Energy Market Report Scope
Renewable energy is energy collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, water movement, and geothermal heat.
The East Europe Renewable Energy Market is segmented by type and geography. By type, the market is segmented into hydropower, solar, and others. The report also covers the market size and forecasts for the renewable energy market in major countries across the region. For each segment, the market sizing and forecasts have been done based on installed capacity (GW).
Type
Hydropower
Solar
Others
Geography
Russia
Poland
Ukraine
Others
Type
Hydropower
Solar
Others
Geography
Russia
Poland
Ukraine
Others
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Key Questions Answered in the Report
What is the current East Europe Renewable Energy Market size?
The East Europe Renewable Energy Market is projected to register a CAGR of greater than 4.5% during the forecast period (2025-2030)
Who are the key players in East Europe Renewable Energy Market?
Federal Hydro-Generating Co RusHydro PAO, Vestas Wind Systems A/S, Enel Green Power S.p.A., NOTUS Energy GmbH and SGS SA are the major companies operating in the East Europe Renewable Energy Market.
What years does this East Europe Renewable Energy Market cover?
The report covers the East Europe Renewable Energy Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the East Europe Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Statistics for the 2025 East Europe Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. East Europe Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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