A new energy system architecture in Ukraine: 50 companies are ready to invest in distributed generation, and partners will provide €7.8B to cover risks.

As noted, Ukrenergo, the National Commission for Energy Market Regulation, the Federation of Employers, the European Commission, and international donors are working together to transform Ukraine’s energy system.

In particular, the EU and international financial organizations through the Ukraine Facility are ready to provide investors with €7.8B to cover risks. They will provide €1.5B in blended financing for businesses and technical assistance. So far, 50 companies are interested in investing in distributed generation.

Ukraine is also working to increase the use of renewable energy sources. Thus, by the end of the year, solar power plants will be installed at 270 Ukrainian medical institutions in 190 settlements. About 25% of medical facilities will receive energy storage facilities along with solar plants, helping to cover from 20% to 70% of the medical facility’s electricity needs, lowering operational costs. About 5% of such generated electricity can be sold to the grid. Savings will amount to ₴55M ($1.35M) per year and about ₴1.5B in 30 years.