Abstract The paper reports the state-of-the-day for non-renewable and renewable energy in Ukraine and state policy of its development in the long-term perspective. Despite total dependence on imported energy resources and complex natural conditions to develop new own deposits of fossil fuels; the state does not pay enough attention to RE development. The article investigates the advantages and usefulness of the development of renewable energy sources, which are considered along with analysis of the most economically profitable directions of their use. The key obstacles, which reduce the effectiveness of RE deployment and barriers to the realization of RE projects by investors are analyzed. Considering Russia׳s military intervention, we paid attention to the peculiarities of the functioning of green power plants in the occupied Crimea and the loss of Ukrainian renewable energy sector from the annexation of the peninsula.