A turning point for nuclear energy: The world’s largest banks have decided to support the industry. Fourteen global banks, among the largest financial organizations in the world, have pledged to increase their support for tripling global nuclear energy capacity by 2050. More than 20 countries, inclu... #investments #LowCarbonEnergy #nuclearenergy
Ukraine should prioritize the development of green energy to attract investment. Ukraine should prioritize the development of green energy with specific decisions and actions that will stimulate investors to invest in this industry and reduce the energy deficit, said the top manag... #energyukraine #NotusEnergy #RenewableEnergy #RESinvestments
Energy experts: Ukraine will enter the winter with a power generation deficit of 4-5 GW. Yuriy Korolchuk, an expert at the Institute of Energy Strategies, noted that the existing generation that survived Russian missile attacks will be able to produce about 11 GW of electricity. Thus, the... #ElectricityDeficitUkraine #ElectricityImport #EnergyRestore #energyukraine #NPP
By the end of the year, Ukraine can export 100 million cubic meters of biomethane. The MHP agricultural holding’s top manager, Adomas Audickas, said: “If the open markets and buyers are found, Ukraine will be able to export about 100 million cubic meters of biomethane pe... #AdomasAudickas #Biomethane #BiomethaneExport #investments #MHP
Solar energy capacity is growing at a record pace, exceeding experts’ forecasts. According to energy think tank Ember, 593 GW of solar generating capacity will be added by the end of the year, 29% more than last year. These figures are almost 200 GW higher than the International E... #alternativeenergy #RenewableEnergy #RESinvestments #SolarEnergy
Moscow is preparing two scenarios that would allow continued gas transit to the EU; Ukraine states that on is impossible. According to analysts, Russia is considering two scenarios for its return to the European gas market. The first involves the launch of the Nord Stream’s surviving thread, with a capacity of 27.5... #AzerbaijaniGas #GasTransit #NordStream #RussianGas #UkraineGTS
AmCham and Deloitte survey results: How businesses in Ukraine are preparing for winter. The vast majority (88%) of 139 companies, operating in various sectors of the Ukrainian economy, that participated in the survey are prepared for long-term power outages. 33% can provide their own ene... #ElectricityDeficitUkraine #energyukraine #HeatingSeason #UkraineBlackout #UkraineEconomy #ukrainianbusiness
The EU will help Ukraine secure 4.5 GW of generation capacity and will provide an additional €160M to get through the winter. The EU will help Ukraine repair 2.5 GW of capacity this winter and export 2 GW of electricity to Ukraine. With these actions, the EU will cover more than 25% of Ukraine’s energy needs for the co... #EnergyRestore #HeatingSeason #SupportUkraine #UkraineEnergy #UrsulavonderLeyen
The European Parliament calls for an embargo on Russian LNG and sanctions against Gazprom. The European Parliament called on the EU to introduce a full embargo on Russian liquefied natural gas and sanctions against Gazprom and Russian oil companies. The MEPs advocate adding to the sanctions... #circumventionOfSanctions #Gazprom #Novatek #RussianLNG #SanctionsAgainstRussia #ShadowFleetRussia
The project to supply electricity from Polish TPPs to Ukraine is a non-starter. Poland’s electricity production project for Ukraine has not yet started to be implemented. In July, Polish Prime Minister Donald Tusk announced the possibility of producing electricity for Ukrai... #DonaldTusk #EnergyPoland #KhmelnytskyiNPP #Poland #PolishTPP
Ukrainian and Czech companies jointly launch a €75M wind farm, western Ukraine’s largest. Total investment in the Skoliv wind power plant, built in the mountainous area of the Lviv region with a 54.6 MW capacity, amounts to €75M. Ukrainian company Eko Optima and Czech MND implemented the... #EkoOptima #RenewableEnergy #RESinvestments #SkolivWindPowerPlant #WindEnergyUkraine
Companies financially confirm their intentions to build energy storage systems in Ukraine. As reported in Ukrenergo, 11 out of 13 winning companies in relevant auctions have deposited funds into escrow accounts. In this way, the companies financially guaranteed the construction of 99 MW of ... #EnergyInvestments #EnergyStorageUkraine #energyukraine #Ukrenergo
Ukraine is increasing gas production and expects to get through the winter using domestic resources. State companies Ukrgazvydobuvannya and Ukrnafta in January-August increased their production of commercial gas by 7.7% compared to the corresponding period last year – up to 9.8 billion cubic meters, ... #GasProductionUkraine #HeatingSeason #OleksiyChernyshov #Ukrgazvydobuvannya #Ukrnafta
Ukraine’s electricity generation deficit this winter will be 4 GW. Ukrainian power engineers will have their work cut out for them in December, considering that approximately 14-15 GW of generating capacity has been restored, which will leave the energy system with a... #DTEK #ElectricityDeficitUkraine #EnergyRestore #energyukraine
The West finances the Russian military by increasing its purchases of fuel derived from Russian oil. In the first half of the year, the EU, the US, Britain, and other countries that support Ukraine bought fuel produced from Russian crude worth about $2B from Turkish refineries. Meanwhile, Turkey bene... #circumventionOfSanctions #FuelImport #OilRefinery #RussianOil #Turkey
Without the ability to hit targets deep inside the Russian Federation, the Ukrainian energy industry may not survive the winter. If the Western allies, in particular, the US and Britain, do not revise their position regarding strikes with the long-range weapons they have provided, Ukraine may lose the energy war with Russia thi... #EnergyInfrastructure #LongRangeStrikes #RussianAggression #WarinUkraine
Resulting from Russian attacks on Ukraine, electricity prices in Eastern Europe have increased by 100%. Russia’s strikes on Ukrainian infrastructure caused electricity prices to double this summer in southeastern Europe. According to the FT, in a letter to the European Commission Greek Prime Minis... #Electricityprices #EnergyCrisis #energyEU #EnergyInfrastructure #KyriakosMitsotakis
Ukraine and the EBRD plan to increase investment in energy and infrastructure by €325M. Ukraine and the EBRD discussed the possibilities of expanding investment in energy and infrastructure projects. “With the help of the EBRD, we hope to unblock private investments in renewable en... #ebrd #EnergyInfrastructure #investments #PrivatBank #Ukrgasbank #YuliyaSvyridenko
Negotiations between Ukraine and Bulgaria to purchase Russian nuclear reactors will continue for another six months. Bulgaria’s parliament extended the discussion period for the sale of two Russian nuclear reactors to Ukraine by six months. Authorities in Sofia received reactors from Russian supplier Atomstroy... #Bulgaria #KhmelnytskyiNPP #NuclearEnergyUkraine #NuclearReactors #WestingHouse
Ukraine plans to create a fund to support green power plant construction. Ukraine is working to create a dedicated fund that would guarantee stable investor profitability for new renewable energy projects, which would stimulate the construction of green power plants, said... #AndriiGerus #GreenEnergyUkraine #GuaranteedBuyer #RESinvestments #Ukraineinvestors
Ukraine can potentially switch to RES faster than other countries. Ukraine’s case regarding the green transition is unique, as many existing energy capacities were quickly taken out of commission due to the war. Still, there is an opportunity to attract investm... #EnergyStorageUkraine #energyukraine #Greenpeace #RenewableEnergyUkraine #RESinvestments #SolarEnergy
MoF: Ukraine can officially start exporting biomethane. The Ministry of Finance published an order defining the customs clearance procedure for biomethane transported by pipeline, allowing the export of biomethane to begin. The Gas Transmission System Oper... #alternativeenergy #BiomethaneExport #BiomethanePlant #BiomethaneUkraine #UkraineGTS
The prime minister held a press conference regarding Ukraine’s work with the IMF and the upcoming winter. Here are the most interesting items from the head of the Ukrainian government, Denys Shmyhal. The IMF’s fifth mission emphasizes the 2025 budget. As the PM noted, this was the first time the IMF missi... #DenysShmyhal #ElectricityImport #EnergyDecentralization #energyukraine #GasMiningUkraine #HeatingSeasonUkraine #imf
A British oil and gas company will invest in Ukraine’s energy industry, and 10 MW of projects have already been approved. British oil and gas company Cadogan Petroleum plc, which has assets in western Ukraine, announced its intention to accelerate the diversification of its business and move into electricity production. ... #CadoganPetroleum #EnergyInvestments #energyukraine #GasMiningUkraine #GasProductionUkraine
Despite circumventing sanctions and increasing its oil sales, Russia has failed to increase profits. Russia, due to the introduction of a complex of sanctions targeting trading companies and the shadow tanker fleet, and despite an increase in sales by 15-20%, cannot increase the profits generated fro... #OilTankers #RussianOil #RussiaProfits #SanctionsAgainstRussia #ShadowFleetRussia
How is Ukraine preparing for winter in anticipation of new energy sector attacks? Russia is preparing for continued missile and drone attacks on Ukraine’s energyinfrastructure, Prime Minister Denys Shmyhal said. At the same time, Ukraine is preparing for the new heating seaso... #DenysShmyhal #ebrd #EnergyRestore #energyukraine #HeatingSeason #Sweden #Ukrenergo
Aliyev: Negotiations on the continuation of Russian gas transit through Ukraine continue. The President of Azerbaijan, Ilham Aliyev, expressed confidence in the effectiveness of negotiations with Russia and Ukraine to ensure the continuation of gas supplies through Ukraine to several Europ... #Azerbaijan #GasTransit #IlhamAliyev #RussianGas #UkraineGTS
Russia has overtaken the US in supplying gas to the EU; Turkey will help Russia to regain the European gas market. As Die Welt reports, based on data from Brussels consulting company Bruegel, for the first time in almost two years EU countries imported more gas from Russia than from the US in a quarter. From April... #RussianGasExports #RussianGasINEU #USgasExports
Ukrainian gas storage will be useful to European traders as the transit contract between Ukraine and Russia comes to an end. According head of Naftogaz Oleksiy Chernyshov, Ukraine already has enough gas to meet its own needs, so storage facilities may be available to the EU, which seeks to preserve its reserves ahead of win... #energyukraine #EUgasInUkraine #GasstorageUkraine
Businesses have learned to live without electricity: The enterprise business activity assessment has improved. In August, the index of business activity expectations calculated by the National Bank was 48.4 compared to 44.4 in July. Gradual adaptation to permanent power outages and establishment of alternative... #BusinedDuringWar #doingbusinessinukraine
Ukrainian Velta attracted a grant worth more than €7M from the EU for its innovative titanium mining. The Ukrainian company Velta, which mines titanium-bearing ores in the Kirovohrad region, received a four-year, €7.3M grant from the EU as part of the Resilient Value Chains 2024 competition through th... #TitanMining #TitanMiningUkriane #VeltaTitan
Seven biomethane projects with an annual capacity of 111 million cubic meters will be launched in Ukraine by the end of the year. Heorhiy Heletukha, head of the Bioenergy Association of Ukraine, listed these projects at an online event, Biogas and biomethane: Here are the new opportunities for Ukraine’s energy independence... #biomethaneProjectsUkraine #BiomethaneUkraine #energyukraine #GreenEnergyUkraine
Ukraine will continue to transit Russian oil to the EU until the end of 2029, helping to fund the Kremlin’s war machine. Ukraine will fulfill its obligations regarding the transit of Russian oil to Europe until the current contracts expire at the end of 2029 because this concerns bilateral relations with European countr... #DruzhbaPipeline #Oilexport #RussianOilExport #RussianOilForEU
Ukraine will borrow €200M to buy gas from the EU for a rainy day. State company Naftogaz will start purchasing gas in Europe, with deliveries scheduled for September. The purchased gas will be pumped into Ukraine’s underground storage facilities through the cu... #EBRDinUkraine #GasforUkraine #Naftogaz #UkraineGasSupplies
Energoatom plans to build a new nuclear power plant with four power units in the Cherkasy region. According to the National Nuclear Energy Generating Company Energoatom, the team is actively looking for sites to construct the NPP. The most promising of them is Chigyrinskyi, near the town of Orbita... #Energoatom #NewNuclearPowerPlant #NPP #NPPukraine #WestingHouse
Despite full storage capacity, Europe is at risk of a gas crisis this winter. European gas storage facilities are full, and regional demand is falling to levels not seen since the early 1980s. However, prices remain elevated, having recently hit an eight-month high. The current... #EuropeGasCrisis #GasforEU #gasstorage
A Hungarian company, MOL, is searching for alternative options to receive Russian oil through Ukraine. The Hungarian oil and gas company MOL has started negotiations on a new scheme for transporting Russian oil through Ukraine, and it will independently take responsibility for this process. The change ... #HungarianMOL #MOL #OilExports
Central and Eastern Europe is increasing solar generation capacity: Which countries have become the strongest growth drivers? Electricity production from solar power plants in Central and Eastern Europe is growing faster than in any other European region. According to the Ember platform, solar energy production in the five l... #SolarEnegy #SolarEnergyDevelopment #SolarEU
Ukraine will resume electricity exports during peak hours of RES generation. According to Ukrenergo, the mild heat in Ukraine has led to a significant decrease in electricity consumption. In addition, a 1 GW power unit at a nuclear power plant has been returned to the power sy... #ElectricityExports #UkraineEnergy
Moscow is trying to create a joint project with Azerbaijan to prevent the loss of the EU market. The idea is that Azerbaijan, which needs more gas to supply to the EU, will receive gas from Russia to sell to the EU. “Of course, the Russians will not give their contracts to SOCAR, but acting... #GazpromSocar #RussianGas #RussianGasforEU
Australia is building the largest solar power plant in the world, which will provide energy for about three million homes. The project, called Power Link, was recently approved by the Australian government and will be implemented by SunCable, a renewable energy company. The power plant will be in the Northern Territory of... #LargestSolarPlant #SolarPlant
Following the Slovenian model, Kyiv plans to build two thermal power plants that will produce electricity and heat from waste. Deputy Head of the Kyiv City State Administration Petro Panteleev visited Slovenia and saw how the city of Cele’s thermal power plant converts waste into energy. This Slovenian station can provi... #KyivEnergy #WasteToEnergy
The Energy Support Fund of Ukraine has already accumulated €553M: How is the country preparing for the coming brutal winter? Total contributions from international partners to the Energy Support Fund of Ukraine amount to €553M. This year, a significant portion of the funds is directed to purchasing equipment for distributed... #energyukraine #TheEnergySupportFund
Azerbaijan expands its partnership with Russia and decides to join BRICS. Azerbaijan’s state oil company Socar and Russia’s Gazprom have agreed to expand their strategic partnership, the Russian gas monopolist said in a statement. In September, the parties will ... #PutinAliev #PutinInBaku #RussiaAzerbajzhan
The construction of the Siberia-2 gas pipeline from Russia to China has been delayed for years. Putin’s project to increase gas supplies to China and build a new Power of Siberia-2 pipeline has been put on hold for a long time. Mongolia – through which the 2,500 km long pipeline was suppos... #Siberia2gas #Siberia2PipeLine
Solar energy in the EU has overtaken hard coal as a source of electricity for the first time. According to Eurostat, the share of solar power in the total volume of the EU’s electricity production in 2022 was 210,249 GWh compared to 205,693 GWh for hard coal. Poland and the Czech Republi... #Coal #SolarEnergy #SolarVCcoal
Low demand hampers the development of the hydrogen economy: Only 12% of plants have reliable orders. Companies and governments worldwide plan to build almost 1,600 plants for hydrogen production, including green production. This year, Ukraine unveiled its Hydrogen strategy until 2050 legislation and ... #energyukraine #Hydrogen #hydrogeneconomy
The EC outlines six main directions for assistance to the Ukrainian energy industry ahead of winter. European Commissioner for Energy Kadri Simson calls for intensifying efforts to support the Ukrainian energy industry ahead of winter. She noted that the Russian Federation has destroyed or captured a... #EnergyInfrastructure #energyukraine #KadriSimson
If the transit of Russian gas to the EU through Sudzha stops, who will lose more? Every year, Russia earns about $11B from exporting oil and gas through Ukraine, even though Ukraine itself earns only $1B, said ex-director of the Ukrainian GTS Operator, Serhiy Makogon. The energy tr... #RussianGasTransit #Sudzha #SudzhaGAS
Ukrainian businesses have begun to develop distributed generation; this provide for their needs and additional capacities for the power system. Ukrainian company Energo-Plus plans to purchase a closed thermal power plant with a capacity of 60 MW in a neighboring country and transport it to Ukraine. The project will cost approximately €50M. Th... #EnergoPlus #EnergyDecentralization #Energyefficiency #EnergyIndependence #StanyshivkaVegetablePlant #ukrainianbusiness #Zhytomyr
