Energy

Friday, June 27

Large businesses in Ukraine have increased their investments in energy storage facilities.

Large businesses in Ukraine have increased their investments in energy storage facilities. Currently, 75% of the lending for large business projects that are underway at Ukrainian banks involves energy storage facilities (ESF), indicating strong investor demand for this technology amid decl...

Thursday, June 26

Khmelnytskyi plans to build a 10 MW waste-fired CHP plant.

Khmelnytskyi plans to build a 10 MW waste-fired CHP plant. Deputy Mayor Vasyl Novachok reported that the city aims to develop a thermal power plant that will operate on RDF fuel composed from waste. Preliminary estimates suggest the future CHP will produce tw...

Wednesday, June 25

Israel and Iran agree to a ceasefire. How did energy markets respond?

Israel and Iran agree to a ceasefire. How did energy markets respond? Oil prices dropped sharply after US President Donald Trump announced a ceasefire between Israel and Iran (although it was soon broken), which alleviated concerns about disruptions in the supply of ...

Ukraine intends to expand its presence in the EU biomethane market.

Ukraine intends to expand its presence in the EU biomethane market. Representatives from Ukraine’s Ministry of Energy and an EU delegation discussed integrating Ukraine’s gas transmission system into the European Database (UDB). This integration will open ...

Tuesday, June 24

What is holding back the growth of wind and solar power in Ukraine?

What is holding back the growth of wind and solar power in Ukraine? Despite the benefits of wind energy, its development in Ukraine remains limited by tax pressures, said Volodymyr Omelchenko, Director of Energy Programs at the Razumkov Center, stressing the need to e...

DTEK and Octopus Energy Group launch a €100M program to install solar power systems for businesses.

DTEK and Octopus Energy Group launch a €100M program to install solar power systems for businesses. Ukrainian private energy company DTEK and London-based global clean energy technology firm Octopus Energy Group are rolling out a new program, RISE, to install rooftop solar panels and energy storage ...

Monday, June 23

The US attacked three nuclear facilities in Iran, forcing oil prices to soar to $100 per barrel, but this will not benefit Russia.

The US attacked three nuclear facilities in Iran, forcing oil prices to soar to $100 per barrel, but this will not benefit Russia. US President Donald Trump stated that on the night of June 22, US aircraft targeted three nuclear sites in Iran – in Fordow, Natanz, and Isfahan. He specified that the operation was intended to elimin...

Wednesday, June 18

The conflict between Iran and Israel has made it more challenging for the EU to lower the price cap on Russian oil.

The conflict between Iran and Israel has made it more challenging for the EU to lower the price cap on Russian oil. Last week, the European Commission included a proposal in the draft of its Russian sanctions package to lower the price cap on oil from the current $60 per barrel to $45. Some member states that suppo...

Germany has no plans to launch Russia’s Nord Stream, despite American efforts.

Germany has no plans to launch Russia’s Nord Stream, despite American efforts. The German government does not intend to restart the Nord Stream 1 gas pipeline, used to transport Russian gas, or to launch Nord Stream 2, said Deputy Government Spokesperson Sebastian Hille. This st...

The EC has approved a plan to completely abandon Russian gas and oil.

The EC has approved a plan to completely abandon Russian gas and oil. The European Commission has approved a legislative proposal that outlines a gradual phase-out of Russian gas and oil imports into the EU by the end of 2027, with the goal of enhancing the bloc’s...

Tuesday, June 17

The EU will not lower the price ceiling for Russian oil without G7 support.

The EU will not lower the price ceiling for Russian oil without G7 support. The bloc will not independently reduce the price ceiling for Russian oil from $60 to $45 per barrel, as this initiative is unlikely to gain support from the G7 countries. The proposal to lower the pri...

Monday, June 16

The G7 nations are set to reduce the price ceiling for Russian oil to $45 per barrel, without Trump’s approval.

The G7 nations are set to reduce the price ceiling for Russian oil to $45 per barrel, without Trump’s approval. The EU and its G7 allies seek to gain the US’ consent to lower the ceiling price for Russian oil from $60 to $45 per barrel at the summit planned for June 15-17 in Canada, according to EU Special Repr...

The EU will prohibit European terminals from receiving LNG from Russia and will enhance control over European energy companies.

The EU will prohibit European terminals from receiving LNG from Russia and will enhance control over European energy companies. The European Commission plans to ban liquefied natural gas terminals in the EU from providing services to Russian companies starting January 1 2026. A transition period has been established for existi...

Ukrainian businesses from multiple industries continue to invest in green energy.

Ukrainian businesses from multiple industries continue to invest in green energy. The Poltava oil extraction plant of the Kernel agricultural holding has transitioned to renewable energy sources certified by international organization Bureau Veritas Group. The company will fully pr...

Thursday, June 12

Sanctions have caused Russian oil and gas companies’ profits to drop by 50% in the past year, with refinery profitability approaching zero.

Sanctions have caused Russian oil and gas companies’ profits to drop by 50% in the past year, with refinery profitability approaching zero. Rosstat reports that in the first quarter of 2025, net profit for these companies fell by nearly half. Within three months, Russian oil and gas firms, which account for 33% of the budget, generated ₽7...

Ukraine and the EBRD are working together on nine energy projects.

Ukraine and the EBRD are working together on nine energy projects. Ukraine’s Minister of Finance, Serhiy Marchenko, and Mark Bowman, VP of the EBRD, have agreed to continue these initiatives, which are aimed at strengthening Ukraine’s energy security. Dur...

The Turkish Onur Group is set to invest $450M to establish 690 MW of generation capacity in Ukraine by 2030.

The Turkish Onur Group is set to invest $450M to establish 690 MW of generation capacity in Ukraine by 2030. The company has announced its intention to develop this new generation capacity in the country, building on their existing 150 MW of solar power plant capacity, which was constructed prior to the war ...

Wednesday, June 11

$Ukraine is seeking private investors for natural gas fracking on a revolutionary scale.$

Ukraine is seeking private investors for natural gas fracking on a revolutionary scale. The Ministry of Energy is leveraging Ukraine’s diplomatic ties to find private investment funds to finance drilling and attract technological partners. During an energy forum in Azerbaijan, gove...

In 2024, Ukraine nearly reached its bioethanol export quota to the EU for the first time.

In 2024, Ukraine nearly reached its bioethanol export quota to the EU for the first time. The Customs Committee of the Verkhovna Rada indicated that Ukraine exported 99,300 tons of bioethanol last year, with 62% sourced from private facilities, three of which contributed to 38% of the tota...

Tuesday, June 10

During the war, over 20 countries have continued to buy Russian fossil fuels, with China the largest importer.

During the war, over 20 countries have continued to buy Russian fossil fuels, with China the largest importer. As of June 2025, according to CREA, despite sanctions, energy claims, and reputational risks, more than 20 countries still actively import Russian fossil fuels following the onset of the Russian Feder...

A wind power plant developer seeks to secure funding from small investors for project execution.

A wind power plant developer seeks to secure funding from small investors for project execution. Wind Parks of Ukraine intends to raise money from these investors to build wind power facilities, according to CEO Vladyslav Yeremenko. “Our group is actively pursuing this goal and we are worki...

Monday, June 9

Clean energy investment will account for 66% of global energy investment this year.

Clean energy investment will account for 66% of global energy investment this year. Global energy investment is projected to reach a record $3.3T in 2025, with clean energy making up more than $2.2T, according to the IEA. Despite geopolitical instability and economic uncertainty, tot...

State company Ukrhydroenergo is set to rebuild the Kakhovka HPP, with a five-year timeline.

State company Ukrhydroenergo is set to rebuild the Kakhovka HPP, with a five-year timeline. The company is preparing to restore the Kakhovka HPP, which was damaged by Russian forces on June 6 2023, immediately following the recapture of the territory, as stated by company head Bohdan Sukhets...

Friday, June 6

Eco-Optima is investing €110M in another 100 MW wind farm in the west of Ukraine.

Eco-Optima is investing €110M in another 100 MW wind farm in the west of Ukraine. The land plot for this wind farm has already been leased from the city council near Belz in the Lviv region. The project has been in preparation for five years and is expected to generate up to 100 MW...

Thursday, June 5

In Volyn, plans are underway to establish the country’s first hydrogen plant focused on exporting products to the EU.

In Volyn, plans are underway to establish the country’s first hydrogen plant focused on exporting products to the EU. Austrian energy firm Wien Energie, alongside Ukrainian UDP Renewables, aims to develop an industrial green cluster in Volyn featuring the hydrogen production facility. If realized, this initiative wil...

Wednesday, June 4

DTEK has secured a record loan for the construction of one of the largest energy storage complexes in Eastern Europe.

DTEK has secured a record loan for the construction of one of the largest energy storage complexes in Eastern Europe. DTEK has reached an agreement with a consortium of Ukrainian banks led by Oschadbank for this unprecedented financing aimed at modern energy storage systems in Ukraine. Three Ukrainian banks – Oschadb...

Monday, June 2

OPEC+ will once again increase oil production, allowing Western firms to increase shipments of Russian crude.

OPEC+ will once again increase oil production, allowing Western firms to increase shipments of Russian crude. Earlier this year, the Western energy sector began to consider how it might carefully return to Russia if peace is reached in Ukraine. Due to falling oil prices, Greek vessels transported 26% of Russi...

Friday, May 30

Four European countries will assist Ukraine in building up gas reserves for the winter.

Four European countries will assist Ukraine in building up gas reserves for the winter. The gas transmission system operators of Bulgaria, Greece, Moldova, Romania, and Ukraine have created a plan that will supply US liquefied natural gas from Greece to Ukraine via the Trans-Balkan Corri...

Wednesday, May 28

Gas prices in Ukraine have risen to a record high, surpassing European prices. Kyiv is preparing for imports through a new route via Greece.

Gas prices in Ukraine have risen to a record high, surpassing European prices. Kyiv is preparing for imports through a new route via Greece. On May 26, natural gas prices in the Ukrainian market reached ₴23,000 per 1,000 cubic meters (including VAT). The cost of gas has climbed to the highest level in over two years and exceeded European m...

The EU will spend more to purchase Russian raw materials and energy resources than on military aid to Ukraine.

The EU will spend more to purchase Russian raw materials and energy resources than on military aid to Ukraine. Despite the current 17 EU sanctions packages, in 2025 Russia is projected to receive about $233B from the export of raw materials and energy resources and more than $20B from EU countries alone. ̶...

Tuesday, May 27

Ukraine has increased its gas reserves by more than 1 billion cubic meters and is exploring imports through the Trans-Balkan Corridor.

Ukraine has increased its gas reserves by more than 1 billion cubic meters and is exploring imports through the Trans-Balkan Corridor. Between April 17 and May 24 2025, 1.06 billion cubic meters of natural gas were added to Ukraine’s underground storage, slightly surpassing last year’s amount during the same timeframe. Al...

Ukraine’s share of green energy is projected to grow by nearly 100% by 2040.

Ukraine’s share of green energy is projected to grow by nearly 100% by 2040. Balint Silhavy, a senior expert at Boston Consulting Group, anticipates that the contribution of renewable sources to Ukraine’s electricity production will rise from 15% in 2022 to 28% in 2040, ...

Monday, May 26

Ukrainian businesses are investing nearly ₴29B in the construction of over one GW of autonomous generation.

Ukrainian businesses are investing nearly ₴29B in the construction of over one GW of autonomous generation. In light of Russian attacks on Ukraine’s energy system, 20 major domestic companies have built 1.06 GW of generation capacity since the onset of the full-scale war and plan to expand this in the...

Friday, May 23

Britain asks the G7 to cut the price cap on Russian oil.

Britain asks the G7 to cut the price cap on Russian oil. The UK has urged its G7 allies to lower the price ceiling for Russian oil to further pressure Vladimir Putin to end the war in Ukraine. This issue was a priority for discussion at the G7 finance minis...

In Ukraine, preparations are underway for the launch of three biomethane plants, and the construction of seven wind farms.

In Ukraine, preparations are underway for the launch of three biomethane plants, and the construction of seven wind farms. During the Green Energy for Reconstruction conference, Chairman of the Bioenergy Association of Ukraine Heorhiy Heletukha noted that four biomethane production facilities are currently operational in ...

Wednesday, May 21

Ukraine has begun importing gas through Slovakia to hasten the stockpiling of reserves for the winter.

Ukraine has begun importing gas through Slovakia to hasten the stockpiling of reserves for the winter. Ukraine has started importing gas through Slovakia, said Serhiy Makogon, the former head of the Ukrainian Gas Transmission System Operator. “Previously, imports came from Hungary and Poland, but...

Tuesday, May 20

The EU plans to propose reducing the price cap on Russian oil to the G7 nations as part of its 18th sanctions package.

The EU plans to propose reducing the price cap on Russian oil to the G7 nations as part of its 18th sanctions package. European Commissioner for Economic Affairs Valdis Dombrovskis did not specify the proposed reduction, but may suggest lowering the cap from the current $60 to $50 per barrel. Dombrovskis intends to fo...

Friday, May 16

Hungary and Slovakia have alternatives to Russian oil and gas, but they are increasing their dependency.

Hungary and Slovakia have alternatives to Russian oil and gas, but they are increasing their dependency. Since Russia began its full-scale invasion of Ukraine, Hungary and Slovakia have sent €5.4B to Moscow for crude oil alone, a sum sufficient to fund 1,800 Iskander-M missiles. Despite sanctions exempti...

The cost of electricity for industry is rising, causing some enterprises to lose competitiveness and remain idle.

The cost of electricity for industry is rising, causing some enterprises to lose competitiveness and remain idle. Retail prices for electricity for industrial enterprises in Ukraine increased by an average of 20% in the first ten days of May compared to the average price in April, reported former Energy Minister ...

Thursday, May 15

The largest Ukrainian mineral water producer has launched its first solar power plant. How much will it save?

The largest Ukrainian mineral water producer has launched its first solar power plant. How much will it save? IDS Ukraine Group has initiated its own solar power generation. A 1.4 MW solar power plant is now operational at the Myrhorod Mineral Water Plant, generating up to 600 kWh even in cloudy weather. This...

Wednesday, May 14

The Minerals Deal: A Critical Step in Ukraine’s Path Towards Independence

The Minerals Deal: A Critical Step in Ukraine’s Path Towards Independence In his infamous 2021 essay, “On the Historical Unity of Russians and Ukrainians”, published just 7 months before the full-scale invasion, President Putin insisted that the “true sovereignty of Ukraine...

Monday, May 12

A US investment company wants to buy a stake in the pipeline through which Russia exports gas to the EU.

A US investment company wants to buy a stake in the pipeline through which Russia exports gas to the EU. American Elliott Investment Management, one of the most influential investment companies in the world, is negotiating to buy a stake in a package of infrastructure assets, including the pipeline throu...

Friday, May 9

The US and Russia discuss options for restoring Russian gas supplies to Europe.

The US and Russia discuss options for restoring Russian gas supplies to Europe. According to Reuters, restoring Russia’s role in the European gas market is viewed as a potential component of a peace deal with Putin, and US involvement in this process could alleviate politic...

Thursday, May 8

Despite official statements, the EU’s complete elimination of Russian gas is problematic.

Despite official statements, the EU’s complete elimination of Russian gas is problematic. In the absence of sanctions, it will be difficult for European buyers to terminate gas contracts under force majeure conditions. While a possible peace agreement between Russia and Ukraine may ease sa...

Wednesday, May 7

Trump plans to use oil prices and the Ukrainian mineral deal to pressure Putin into accepting peace.

Trump plans to use oil prices and the Ukrainian mineral deal to pressure Putin into accepting peace. US President Donald Trump stated that falling oil prices are increasing pressure on Russia and raising the likelihood of a peace deal being reached that will end the war in Ukraine. “Now that oi...

Russian oil prices have fallen to a two-year low and are already 40% below the budget target.

Russian oil prices have fallen to a two-year low and are already 40% below the budget target. The Russian economy is showing a decline for the first time since 2022. The price of Russian oil in rubles has dropped below ₽4,000 per barrel for the first time in two years. This is approximately 40...

A blow to the Russian energy sector: The EU has presented a plan for a complete phaseout of Russian energy carriers.

A blow to the Russian energy sector: The EU has presented a plan for a complete phaseout of Russian energy carriers. The European Commission published a plan for EU countries to entirely eliminate Russian energy carriers, through which negotiations on new contracts with suppliers of Russian gas (pipeline and LNG) wi...

Thursday, May 1

DTEK plans to construct energy storage facilities in Ukraine with a total capacity of up to 500 MW.

DTEK plans to construct energy storage facilities in Ukraine with a total capacity of up to 500 MW. DTEK Renewables Finance has announced on the Irish Stock Exchange’s website its intention to undertake large-scale projects aimed at creating energy storage facilities (ESF) in Ukraine. Conseque...

For the first time in a year, gas prices in Ukraine have surpassed European prices.

For the first time in a year, gas prices in Ukraine have surpassed European prices. According to Natural Gas ExPro quotes, gas prices in Ukraine on April 29 were approximately €31.8 per MWh, while spot prices on the Dutch TTF were €31.5 per MWh. Thus, for the first time since May 1 2...

Wednesday, April 30

Ukraine’s national energy company has reached an agreement to restructure its $825M green bond debt.

Ukraine’s national energy company has reached an agreement to restructure its $825M green bond debt. NEC Ukrenergo has finalized an agreement to restructure the terms of its debt stemming from state-backed green sustainability-linked development bonds with a rate of 6.875% per annum, maturing in 2028...

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