Energy

Tuesday, April 29

OKKO aims to become a prominent player in the wind energy market by developing wind farms and seeking additional financing.

OKKO aims to become a prominent player in the wind energy market by developing wind farms and seeking additional financing. The OKKO group plans to initiate several large wind energy projects and has already started working on their implementation. Construction of the Ivanychi wind farm in the Volyn region is already under...

Thursday, April 24

A South Korean company is set to construct a $106M waste-fired combined heat and power (CHP) plant in Odesa.

A South Korean company is set to construct a $106M waste-fired combined heat and power (CHP) plant in Odesa. Posco International, a South Korean corporation, plans to build a thermal power plant in Odesa that will utilize waste as fuel. This project aims to establish an RDF-fueled CHP plant as a modern, inte...

Wednesday, April 23

How much of Ukraine’s energy should be generated by wind power in order to successfully integrate into the EU’s energy system?

How much of Ukraine’s energy should be generated by wind power in order to successfully integrate into the EU’s energy system? In this context, experts assert that wind power is gaining strategic importance as a priority area for development. The EU aims to increase its share of renewable energy sources to 42.5% by 2030, with...

Tuesday, April 22

Trump’s trade war: European companies urged to increase purchases of US liquefied natural gas as China boosts its imports from Russia.

Trump’s trade war: European companies urged to increase purchases of US liquefied natural gas as China boosts its imports from Russia. The EU will release a roadmap on May 6 to phase out its purchases of Russian fossil fuels and continue to decrease Russian imports, according to European Council President Antonio Costa. “This c...

Friday, April 18

Ukraine’s gas shortage can only be resolved through market liberalization.

Ukraine’s gas shortage can only be resolved through market liberalization. Ukraine must liberalize its gas market as soon as possible to attract Ukrainian and European traders as well as industrial consumers for imports. Otherwise, a lack of resources and funding may disrupt...

The EU has delayed the implementation of a ban on Russian LNG imports in future sanctions packages.

The EU has delayed the implementation of a ban on Russian LNG imports in future sanctions packages. This decision is influenced by resistance from some EU member governments and uncertainty regarding alternative supply sources. Instead, the European Commission plans to create a new roadmap by May th...

Ukrainian electricity prices rank among the highest in Europe.

Ukrainian electricity prices rank among the highest in Europe. In the first half of April, electricity prices in Ukraine have already exceeded those of neighboring countries such as Poland, Romania, Hungary, and Slovakia. They are 34% higher than in Germany and 2...

Thursday, April 17

Belgium views the idea of resuming energy cooperation with Russia as unrealistic.

Belgium views the idea of resuming energy cooperation with Russia as unrealistic. Any efforts to return to this trade relationship are unfounded, said Belgian Energy Minister Mathieu Bihet, commenting on the increasing calls in Europe to restart energy imports from Russia amid dipl...

Wednesday, April 16

Bulgaria has changed its mind and will not sell reactors to Ukraine.

Bulgaria has changed its mind and will not sell reactors to Ukraine. A few months ago, Bulgaria planned to sell nuclear reactors to Ukraine that would allow it to finalize two power units at the Khmelnytskyi NPP. However, Bulgarian Deputy Prime Minister Atanas Zafirov ...

The EU will soon present its plan to phase out Russian oil and gas imports.

The EU will soon present its plan to phase out Russian oil and gas imports. The EU intends to unveil a detailed strategy in May for the elimination of Russian oil and gas imports by 2027, driven by Russia’s full-scale invasion of Ukraine. However, the European Commission has ...

The US plans to lower oil prices with Saudi Arabia’s assistance.

The US plans to lower oil prices with Saudi Arabia’s assistance. US Energy Secretary Chris Wright stated: “Under Trump’s presidency, we will likely see lower average energy prices in the next four years compared to the previous four years.” He hig...

Tuesday, April 15

Trump will leave Putin unable to fund his war.

Trump will leave Putin unable to fund his war. The decline in oil prices, triggered by US President Donald Trump’s trade war, has started to deplete the Russian military budget, despite the US president’s simultaneous efforts to improve relations ...

How much will Putin’s military machine gain from restarting Nord Stream 2?

How much will Putin’s military machine gain from restarting Nord Stream 2? Industry experts report that there has been interest shown by both the US and Russia in resuming the Nord Stream 2 gas pipeline’s operations, which would provide Putin’s military machine w...

Thursday, April 10

Trump’s tariffs could severely impact Russia’s oil revenue.

Trump’s tariffs could severely impact Russia’s oil revenue. While Moscow has managed to evade US President Trump’s tariffs, the Russian budget will still endure consequences from Washington’s trade war. The Telegraph reports that a threat to Russia has emerged...

Wednesday, April 9

Goldman Sachs has estimated the probability of a peace agreement in Ukraine to be 70%, but the ZNPP may be a problem.

Goldman Sachs has estimated the probability of a peace agreement in Ukraine to be 70%, but the ZNPP may be a problem. American investment bank Goldman Sachs stated that bond prices suggest that the markets have assessed a 70% probability of a peace deal in Ukraine. This current estimate is notably higher than the fig...

Czechia spent €8.2B on Russian oil and gas last year despite the availability of alternatives.

Czechia spent €8.2B on Russian oil and gas last year despite the availability of alternatives. According to the CSD, the Czech Republic’s expenditure of over €8.2B on Russian hydrocarbons in the previous year is 500% greater than the aid it has provided to Ukraine since the onset of the full-sc...

European gas prices have fallen to their lowest level in six months; Ukraine is advised to stock up for the upcoming winter.

European gas prices have fallen to their lowest level in six months; Ukraine is advised to stock up for the upcoming winter. At the end of last week, futures prices for natural gas in Europe dropped sharply by over 10% to €35.2 per MWh, according to the ICE exchange. These are the lowest European gas prices in the past six ...

Tuesday, April 8

The state approves projects worth ₴4.5B in energy, infrastructure, and housing construction.

The state approves projects worth ₴4.5B in energy, infrastructure, and housing construction. Under the third stage of the Ukraine Recovery Program, a total of 130 projects valued at ₴4.5B have received approval, according to the Ministry of Development and Infrastructure. These projects inclu...

The state is working on the repayment of over ₴22B in debt to green energy producers; investors are returning to the market.

The state is working on the repayment of over ₴22B in debt to green energy producers; investors are returning to the market. The state enterprise Guaranteed Buyer is developing a roadmap to settle accumulated debt to green tariff electricity producers and is counting on making 100% of its required payments in 2025, said Dep...

Monday, April 7

France considers a renewable energy investment in the Chornobyl Exclusion Zone.

France considers a renewable energy investment in the Chornobyl Exclusion Zone. Representatives from Ukraine and France inspected the aftermath of the recent Russian attack on the New Safe Confinement, or Ark, a protective structure enclosing the fourth reactor unit of the Chorno...

A Ukrainian company, supported by international financial organizations, is constructing a 93 MW wind farm in the Kirovohrad region.

A Ukrainian company, supported by international financial organizations, is constructing a 93 MW wind farm in the Kirovohrad region. Energy Trade Group has initiated the wind farm’s first stage, which includes the installation of three Vestas wind turbines with a total capacity of 18.6 MW. The construction is financed through...

Friday, April 4

OPEC+ increases its oil output as Russia sees a drop in hydrocarbon revenue.

OPEC+ increases its oil output as Russia sees a drop in hydrocarbon revenue. The OPEC+ countries – Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman – have decided to raise oil production by 411,000 barrels per day in May. This decision is part of a gr...

OKKO will receive over €150M in loans from three Western banks to construct a wind farm.

OKKO will receive over €150M in loans from three Western banks to construct a wind farm. Galnaftogaz (OKKO brand) has agreed to secure €157M in funding for the establishment of a wind farm in Volyn, as reported by the International Finance Corporation. The financing consists of €60M from ...

Thursday, April 3

Which companies have been selected for a competition to construct new generating capacities?

Which companies have been selected for a competition to construct new generating capacities? A competition for the right to construct new generating capacities is currently taking place in Ukraine. The selection of participants is ongoing, and companies that have submitted project bids, with ...

Wednesday, April 2

Germany has rejected the notion of returning to Russian gas purchases from Russia utilizing Nord Stream.

Germany has rejected the notion of returning to Russian gas purchases from Russia utilizing Nord Stream. The country does not intend to abandon Russian sanctions and, specifically, will not revert to direct Russian gas purchases, stated Christiane Hoffmann, deputy spokesperson for the federal government....

Ukrainian retailers are reducing costs and increasing efficiency by investing in solar power plants.

Ukrainian retailers are reducing costs and increasing efficiency by investing in solar power plants. Experts highlight that retailers and businesses in related sectors are currently harnessing solar energy to cut expenses and boost energy independence. For instance, two years ago Epicenter began inst...

Friday, March 28

Ukraine summarizes its energy infrastructure losses suffered in the Russian invasion.

Ukraine summarizes its energy infrastructure losses suffered in the Russian invasion. Before the full-scale conflict began, Ukraine’s power plants had an installed capacity of 56.1 GW. Russia occupied 18 GW of generation, including Europe’s largest nuclear power plant in Za...

A €110M industrial park for the production of bioethanol and biogas is being constructed in the Ternopil region.

A €110M industrial park for the production of bioethanol and biogas is being constructed in the Ternopil region. The construction of the BIO-LAN industrial park is currently underway in the Lanivtsi urban territorial community of Ternopil. The future park, for which registration documents have already been submi...

Thursday, March 27

Ukraine may export one billion cubic meters of biomethane to the EU by 2030.

Ukraine may export one billion cubic meters of biomethane to the EU by 2030. Maciej Zaniewicz, an expert with the Green Deal Ukraine project, notes: “The actual volume of biomethane production in Ukraine may be around 0.5% of EU demand. We are discussing approximately on...

Ukraine will add 30 MW of electricity storage systems, as a Ukrainian bank provides KNESS with a €9.6M loan.

Ukraine will add 30 MW of electricity storage systems, as a Ukrainian bank provides KNESS with a €9.6M loan. Oschadbank has signed an investment loan agreement for nearly six years with international Ukrainian company KNESS in the amount of €9.6M to both finance and refinance the construction and commissioni...

Wednesday, March 26

A German company becomes the first buyer of electricity origin guarantees in Ukraine, which will aid in the development of renewable energy.

A German company becomes the first buyer of electricity origin guarantees in Ukraine, which will aid in the development of renewable energy. The first corporate sale of electricity guarantees of origin in the renewable energy market has taken place in Ukraine. Knauf Gips Kyiv, a manufacturer of building materials that is part of the German...

Chronic debt owed to green electricity producers is hindering the development of new projects.

Chronic debt owed to green electricity producers is hindering the development of new projects. Ukraine’s issue with debts that it owes to renewable energy producers impacts the industry’s growth prospects, said Olga Rybachuk, a manager at Elementum Energy, which has invested in the ...

Tuesday, March 25

Trump and Ukrainian nuclear power plants: What is the problem with the initiative?

Trump and Ukrainian nuclear power plants: What is the problem with the initiative? US President Donald Trump has set his sights on the Zaporizhzhia NPP, but there is a nuance to this concept, given that it may take years before there is any hope of a return on investment. This is be...

Russia is worried about a repeat of the USSR’s collapse due to declining oil prices.

Russia is worried about a repeat of the USSR’s collapse due to declining oil prices. A few weeks before talks between US President Trump and Russian President Putin, the Russian Central Bank alerted the Kremlin to the possibility of a prolonged drop in oil prices, similar to the one t...

Monday, March 24

The US intends to include control over nuclear power plants in its mineral agreement with Ukraine.

The US intends to include control over nuclear power plants in its mineral agreement with Ukraine. The Trump administration is seeking to modify the terms of its subsoil agreement with Ukraine. Washington is looking for Kyiv to agree to eliminate rules governing the ownership and management of a jo...

Friday, March 21

Zelenskyy and Trump have discussed the fate of the Zaporizhzhia NPP.

Zelenskyy and Trump have discussed the fate of the Zaporizhzhia NPP. White House Press Secretary Karoline Leavitt reported that US President Donald Trump, during a phone conversation with Volodymyr Zelenskyy, proposed transferring Ukrainian nuclear power plants to US o...

What would an energy truce provide for Ukraine and Russia?

What would an energy truce provide for Ukraine and Russia? Since the war’s onset, Russia has systematically targeted the Ukrainian energy sector. For Kyiv, a primary target among the aggressor’s facilities is the extensive network of Russian oil r...

Thursday, March 20

Russia’s European neighbors oppose resuming purchases of Russian energy.

Russia’s European neighbors oppose resuming purchases of Russian energy. Any talk of a return to Russian oil and gas is premature and threatens Europe’s security interests, warn EU countries bordering Russia, amid growing speculation that a US-brokered peace deal cou...

Wednesday, March 19

Ukraine and Sweden will become partners in the energy field and the green transition.

Ukraine and Sweden will become partners in the energy field and the green transition. Ukraine and Sweden signed a memorandum of understanding on the establishment of a partnership on energy issues and the green transition in the field of nuclear energy. The memorandum’s purpose i...

Tuesday, March 18

The EU is confident that Ukrainian exports of biomethane to the EU can be expanded.

The EU is confident that Ukrainian exports of biomethane to the EU can be expanded. The initial experience of exporting Ukrainian biomethane to Europe via the GTS in February 2025 was successful, so we can expect the project to grow in the future, says Anne Bercio, Trade Manager of t...

Sunday, March 16

The international order is shifting dramatically under Trump – what does it mean for Ukraine?

The international order is shifting dramatically under Trump – what does it mean for Ukraine? Ukraine Business Network (UBN Network) and Ukraine Business News (UBN) held a live event titled “War & Investments” in Kyiv on March 14. The main topic of discussion was Ukraine’s outl...

Thursday, March 13

Analysts compared EU countries’ spending on Russian energy and their support for Ukraine.

Analysts compared EU countries’ spending on Russian energy and their support for Ukraine. Experts examined EU countries’ total expenditures on Russian oil and gas imports, alongside the military, financial, and humanitarian aid provided to Ukraine from 2022 to 2024. Italy (€23.55B), ...

Ukraine plans to buy as much gas as possible from the US due to growing import demand.

Ukraine plans to buy as much gas as possible from the US due to growing import demand. Ukraine may buy significant volumes of American gas this year through terminals in Germany, Greece, Lithuania, and Poland, Reuters reports. These purchases are necessary in order to cover Ukraine̵...

Tax incentives have propelled the construction of solar power plants in Ukraine, and experts predict an increase in wind power capacity.

Tax incentives have propelled the construction of solar power plants in Ukraine, and experts predict an increase in wind power capacity. The construction of solar power plants in Ukraine accelerated in 2024 because the state canceled duties and VAT payments for investors importing solar panels starting July 1, said Vladyslav Sokolovsky...

Wednesday, March 12

The EC puts Orban and Fico in their place, affirming that Ukraine will make the decision regarding the resumption of gas transit independently.

The EC puts Orban and Fico in their place, affirming that Ukraine will make the decision regarding the resumption of gas transit independently. The authority over the use of Ukrainian pipelines for gas transit remains with Kyiv. “It is up to Ukraine to decide how it wants to manage its pipeline systems,” said EC spokesperson Anna-...

What is holding back the development of distributed generation in the regions, and what should the Ukrainian energy system evolve into during the process of European integration?

What is holding back the development of distributed generation in the regions, and what should the Ukrainian energy system evolve into during the process of European integration? According to Anzhelika Slobodyan, an expert from the Association of Small Communities of Ukraine, communities are keen on developing distributed generation to address their critical infrastructure nee...

Ukraine looks to become a key biomethane supplier to the EU, aiming for a 20% market share.

Ukraine looks to become a key biomethane supplier to the EU, aiming for a 20% market share. According to Heorhiy Heletukha, the head of the Bioenergy Association of Ukraine, Ukraine is on track to become the primary supplier of biomethane to Europe. He noted that in the future, the proportio...

Monday, March 10

Despite negotiations, Russia continues to strike Ukraine’s energy system, making Trump furious.

Despite negotiations, Russia continues to strike Ukraine’s energy system, making Trump furious. On March 7, Russia launched a massive assault on Ukraine, targeting energy and gas infrastructure facilities. Naftogaz of Ukraine reported damage to their gas production facilities from the attack, em...

A Turkish business continues its investment in Ukraine: A new wind farm will be built in the Zhytomyr region.

A Turkish business continues its investment in Ukraine: A new wind farm will be built in the Zhytomyr region. Turkey is one of the countries contributing significantly to Ukraine’s energy security, accounting for 8% of renewable energy production in Ukraine, and current Turkish investments in the energy...

Friday, March 7

International partners continue to allocate billions of euros to support Ukraine across various sectors, from defense to food.

International partners continue to allocate billions of euros to support Ukraine across various sectors, from defense to food. The Dutch government plans to reserve €3.5B to continue supporting Ukraine in 2026, according to Prime Minister Dick Schoof. The funds will provide assistance next year, but they can be utilized this ...

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