A Ukrainian private energy company is investing €450M to make its wind farm the largest in Eastern Europe. The DTEK Group plans to construct the Tyligulska Wind Power Plant in 2025. DTEK and the Danish company Vestas signed a memorandum on the completion of the construction of the largest wind power plant ... #DTEK #RESinvestments #TyligulskaWindPowerPlant #WindEnergyUkraine
Allies are working to increase the protection of the Ukrainian energy system, while Germany is promoting investment in Ukrainian energy. NSC representative John Kirby said that the US and its allies are working in three directions to help Ukraine protect its energy infrastructure from Russian attacks. First, the US is strengthening Ukr... #AirDefenseSystems #EnergyInfrastructure #energyukraine #JohnKirby
Over 100 countries will triple their use of green energy by 2030, and Ukraine has been advised to develop RES as a profit source after joining the EU. At the UN climate summit (COP28), the governments of 117 countries pledged to triple the use of renewable energy sources (RES) by 2030 to reduce the share of fossil fuels in global energy production. ... #FossilFuels #GreenENergy #RenewableEnergy #RESinvestments
Ukraine is increasing imports and reducing exports of electricity: November’s results. According to energy map data, the export of electricity in November amounted to 40,900 MWh, which is 41% less than in October. Last month’s largest volumes were supplied to Slovakia with 43% of ... #energyukraine #UkraineElectricityExport #UkraineElectricityImport
The EU approves the hydrogen corridor project from Ukraine to EU countries. The EC included the hydrogen corridor from Ukraine in the list of joint and mutual interest projects for the European energy system. The European Parliament and the Council of the EU must consider the... #GreenEnergyUkraine #GreenHydrogen #HydrogenProduction
Ukraine has fully synchronized its energy system with the European Union. The process of synchronizing the energy systems of Ukraine and the EU has been fully completed, and the capacity for importing electricity from Europe has been increased to 1,700 MW, reported the head... #ENTSO-E #UkraineENergySystem #Ukrenergo #VolodymyrKudrytskyi
Ukraine’s allies provide more support for energy infrastructure and agriculture. USAID and the Energy Community Secretariat signed an agreement on the US’ €23M grant contribution to the Energy Support Fund of Ukraine. Germany also plans to provide €300M to help Ukraine’s energy se... #agroUkraine #energyukraine #MartinJäger #SupportUkraine #Ukrenergo #USAID #worldbank
Which enterprises have become the Ukrainian wholesale trade market’s leaders during the war? Almost half of the 10 most successful Ukrainian wholesalers are businesses that trade solid, liquid, and gaseous fuels alongside similar products, reported Opendatabot. In particular, Okko, WOG, West ... #Kernel #nibulon #okko #retailUkraine #UkraineEconomy #UkrainianEnterprises
War & Business: The Ukraine Business Network has been launched. Tucked away amid the sloping hills of Kyiv, a select group of business investors, representatives, and entrepreneurs gathered at the Parkoviy Congress Center to gain insight into investment prospects ... #AndrewPryma #DoingBusinessDuringWar #MarcMcNamee #ubn #UBNnetwork #UkraineBusinessDuringWar #UkraineBusinessNetwork #ukrainebusinessnews #War&Business #WarandBusiness #WarandUkraineBusiness
The G7+ countries have promised their support for the Ukrainian energy sector and praised the sector’s reforms, which will allow the attraction of private investment. US Secretary of State Antony Blinken and the head of Japanese diplomacy, Iwao Horii, held the fourth ministerial meeting in the G7+ format to confirm collective support for restoring and protecting Uk... #AnthonyBlinken #energyukraine #G7 #IwaoHorii #UkraineENergySystem
War has changed the energy landscape: Global trade in liquefied natural gas will grow by another 25% in five years. LNG trade has already set a record in 2022 but is expected to grow by another 25% in five years to 500 million tons annually, according to the International Energy Forum (IEF). China has overtaken Jap... #Energy #GasExport #GasTraders #LNG #LNGdeliveries
Ukraine needs $15B for large-scale energy infrastructure modernization. To increase the capacity and flexibility of the energy system, Ukraine needs about $15B in investment, of which $5.4B would be invested in wind power plants, $2.5B in solar power plants, $2.3B in ther... #GeneralElectric #TetraTech #UkraineEnergyExport #UkraineENergySystem #Ukrenergo
Energy for the Recovery of Ukraine conference results: European ministers assure Ukraine of their support, Hyundai will develop power grids, and Denmark provides €7M. At the conference in Warsaw, the energy ministers of several European countries assured Ukraine they will help in the face of Russian aggression, and the businesses of these countries are interested i... #EnergyInfrastructure #KadriSimson #UkraineEnergy #UkraineRecovery #Ukrenergo
Madoqua Renewables, a Dutch-Portuguese green chemical company, is investing €900M in the construction of a waste processing plant in Ternopil. The plant will produce ecologically friendly green fuel (methanol) from sugar production waste using wastewater. According to the head of the state agency UkraineInvest, Sergiy Tsivkach, the project w... #EnergyInvestments #GreenFuel #MadoquaRenewables #RenewableEnergyUkraine #WasteProcessingPlant
Ukrnafta, under state management, has doubled its financial performance. Ukrnafta, a state natural gas extracting company, generated ₴95B ($2.6B) in revenue during the first year of operation under state control. This is more than twice the average rate from the last ten y... #OilProductionUkraine #SerhiyKoretskyi #Ukrnafta
The conference on the restoration of Ukraine’s energy system has started in Warsaw, and the first agreement has been signed with the Swedes. On the initiative of the Ministry of Energy of Ukraine, the international conference Energy for the Recovery of Ukraine is being held in Warsaw on November 14-15. Representatives of more than 500 comp... #EnergyInfrastructure #energyukraine #IngridCapacityAB #Ukrenergo
The new price caps on the electricity market will make it profitable to import electricity in the winter, but to unify the energy grid with the European one, they must be canceled and prices equalized. The National Commission for Regulation in the Energy and Utilities Sectors has declared the need to abolish price restrictions on the electricity market (price caps) in 2024. As Forbes reminds its rea... #ElectricityUkraine #energyukraine #Ukrenergo
Russia uses Western sanctions to obtain excess profits from the sale of oil. Tax revenues from oil and gas to the Russian budget in October increased by more than 100% compared to September and more than 25% compared to October last year, reported the WSJ. This is a sharp turn... #RussianOil #RussianOilPriceLimit #RussianOilSanctions #RussiaProfits
European energy companies are actively using Ukrainian underground gas storage. Gas reserves in the EU are approaching their storage limits, which forces energy companies to place their excess reserves in Ukraine on winter’s eve. EU gas storage is already almost 99% full, e... #EUgas #GasstorageUkraine #Naftogaz #UkrainianGTS
A new wind power plant will be built in the Poltava region. DTEK Renewables has started pre-design works for the Poltavska Wind Power Plant (WPP), which will be in the Hlobyne town community in the Poltava region. The company noted that they continue to streng... #DTEK #energyukraine #RenewableEnergy #WindEnergyUkraine
The EU is seeking to sever energy ties with Russia permanently. The EU will eliminate Europe’s dependence on Russian fossil fuels during this decade, writes The Guardian. It is noted that the EU expects Russian gas imports to fall to 40-45 billion cubic mete... #EnergyIndependence #energysanctions #LNG #RussianFossilFuels #RussianGas
The first delivery of coal from Poland arrives in Ukraine. DTEK Energy has imported 40,000 tons of coal from Poland for the heating season and plans to import another 170,000 tons. At the same time, DTEK Energy CEO Ildar Saleyev emphasized that Ukrainian mine... #CoalImport #CoalMiningUkraine #DTEKEnergy #HeatingSeasonUkraine
The energy gap between Europe and Russia is growing. Qatar has signed its third gas supply contract with the EU, and Kazakhstan is negotiating a new oil route. After TotalEnergies and Shell agreed to buy LNG from Qatar, Italian energy company Eni agreed to a 27-year contract with QatarEnergy. The agreement is for one million tons of liquefied gas per year, w... #AdriaPipeline #EnergyCrisis #KazakhstanOil #LNG #QatarEnergy #qatarpetrolium
Players of the Ukrainian electricity market have accumulated more than ₴60B in debt. The total debt between various energy market participants exceeds ₴60B, said the Chairman of the Board of Ukrenergo, Volodymyr Kudrytskyi. “Market participants owe us for electricity transmissio... #energyukraine #GuaranteedBuyer #UkraineENergySystem #Ukrenergo #VolodymyrKudrytskyi
The IFC will help Ukraine attract investment to develop energy storage systems. The Ministry of Energy and the International Finance Corporation (IFC) discussed the implementation of an energy storage project, which had been planned before the Russian invasion. Considering the mi... #EnergyInvestments #EnergyStorageSystems #energyukraine #GermanGalushchenko #ifc
Russian oil still finds its way to Germany, while the country seeks to replace Russian gas with Ukrainian biomethane. Following the attack on Ukraine, EU oil operations with Russia were prohibited. However, according to Süddeutsche Zeitung, although Russian oil can no longer be imported into Germany, the country̵... #biomethaneproduction #gascrises #Rosneft #RosneftDeutschland #RussianGas #RussianOil
Europe will expand opportunities to export electricity to Ukraine on the eve of winter, while the EU has decided to reform the electricity market. ENTSO-E will increase the capacity of interstate crossings between Ukraine and EU countries in November to ensure the balancing of the energy system in case of hostile attacks, explained the European ... #electricityExport #EnergyIndependence #KadriSimson #RobertHabeck #UkraineENergySystem
On winter’s eve, the European Commission will support Ukraine’s energy sector with a €50M+ grant. The European Commissioner for Energy, Kadri Simson, announced a grant contribution of more than €50M from the European Commission to the Energy Support Fund of Ukraine, the Ukraine Ministry of Energy ... #EnergySupportFund #KadriSimson #SupportUkraine #UkraineENergySystem
Ukrainian gas and oil production companies are working to ensure Ukraine’s energy independence. State company Ukrgazvydobuvannya plans to increase gas production from new wells to one billion cubic meters in 2023, director of exploration and company development Maksym Vityk said. “We manag... #GasProductionUkraine #MaksymVityk #MiningUkraine #OilProductionUkraine #Ukrgazvydobuvannya #Ukrnafta
Ukraine and the UN estimate the Kakhovka HPP damage at $14B. The Post Disaster Needs Assessment (PDNA) report on the Kakhovka Dam Disaster estimates $2.79B in direct damage to infrastructure and assets and over $11B in total losses. It is emphasized that the lo... #KakhovkaHPP #KakhovkaReservoir #UkraineRecovery #UkraineWarDamages
The EU and Moldova have pumped three billion cubic meters of gas into Ukraine’s storage. The GTS Operator transported this volume of gas to Ukraine from April to October of the current year. Out of the gas transported, 2.4 billion cubic meters of the gas in storage is owned by foreign com... #DmytroLippa #EUgas #GasstorageUkraine #UkraineGTS
What foreign companies need in order to invest in Ukrainian hydrocarbon production. According to the owner of Alfa Gas, Oleksandr Katsuba, Italian, British, and Middle Eastern companies are interested in the Ukrainian oil and gas market. However, investors expect predictability in th... #AlfaGas #EnergyInvestments #GasProductionUkraine #HydroCarbonProduction #InvestmentsinUkraine #OleksandrKatsuba
The state’s debt to green energy producers has increased to ₴30B. State-owned Ukrenergo’s debt to renewable energy producers under the green tariff has reached ₴29.9B ($820M), reported the Guaranteed Buyer. As of August 1, the company’s debt to the Guaranteed ... #GreenEnergyUkraine #GuaranteedBuyer #RenewableEnergy #Ukrenergo
As EU gas prices rise again, the IEA predicts a demand decline for blue fuel until 2026. The spot price of gas in Europe on Tuesday exceeded the mark of $500 per thousand cubic meters for the first time since the beginning of April. The day-ahead contract on the TTF platform in the Nether... #EUgasPrices #FossilFuels #IEA #RenewableEnergy
A Ukrainian private energy company is building power plants in the EU. DTEK Group Holding plans to complete the construction of the Ruginoasa wind farm in Romania by the end of the year, which is the first project by DTEK Renewables in Europe. Also, the company has large... #DTEKEnergy #MaximTimchenko #RenewableEnergy #RinatAkhmetov #WindEnergy
A Ukrainian oil and gas company is seeking investors to develop 21 fields. Ukrainian state oil and gas extracting company Ukrnafta is looking for partners for 10 fields in the west of Ukraine and 11 in the east. The company emphasizes that these are studied deposits with suf... #GasProductionUkraine #MiningInvestmentsUkraine #Oilmining #SerhiyKoretskyi #Ukrnafta
Moscow still receives huge revenues from energy exports, despite restrictions from the West. Russia is still selling its oil at much higher prices than the $60 per barrel mandated by the G7 countries due to strong demand from China and India, Politico writes. It is noted that the West’s... #Oilexport #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia
If Europe invests €2T in RES, it could become energy self-sufficient. By investing in solar, wind, and other renewable sources, Europe could abandon fossil fuels and create a self-sustaining energy sector by 2040. To achieve this goal, the continent will need an annual ... #FossilFuels #GreenEnergyEU #RenewableEnergy #RESinvestments
Ukraine is increasing biomethane production and exporting bioethanol to the EU. The production of biomethane, bioethanol, and biodiesel is important for the agricultural sector and processing industry, and for ensuring Ukraine’s energy independence, Deputy Minister of Agrar... #BioGas #biomethaneproduction #energyukraine #exportbiomethane #VitalyHolovnya
Ukrenergo seeks up to a $200M loan from the EBRD to pay its debts to RES producers. According to the chairman of the Ukrainian Renewable Energy Association board, Stanislav Ignatyev, there are debts between state-owned energy enterprises. In particular, the system operator Ukrenergo ... #EBRDloan #GreenEnergyUkraine #GuaranteedBuyer #Ukrenergo
Ukraine has increased its export of electricity to record levels. According to analysis from the DiXi Group for September, despite Russian attacks on the Ukrainian energy system with missiles and drones, Ukraine set a 2023 record for the export of electricity –... #EnergyExport #energyukraine #UkraineElectricityImport
Ukraine has launched five more wells and increased the number of foreign gas contracts to 130. State extraction company Ukrgazvydobuvannya launched new wells with 500,000 cubic meters of additional daily gas production. According to the company, one well is new, and another four were drilled in... #DmytroLippa #GasProductionUkraine #GasWell #UkraineGTS #Ukrgazvydobuvannya
Ukraine has implemented multiple measures to protect energy facilities from missile strikes, said Prime Minister Denys Shmyhal at the Future of Ukrainian Energy forum. “Ukraine today has a significantly greater number of and more powerful air defense systems. Our air defense has become ... #DenysShmyhal #EnergyInfrastructure #EnergySecurityProject #energyukraine #WarinUkraine
The IFC has invested $400M in Ukraine’s economy since the beginning of the war and is considering investments in the energy sector. The International Finance Corporation (IFC) has invested $400M into the Ukrainian private sector since the start of the full-scale war, said Olena Voloshina, head of the IFC in Ukraine. According to h... #EnergyInvestments #ifc #OlenaVoloshina
With the expansion of RES, achieving zero emissions by 2050 is possible. According to an IEA report, the current global situation calls for increasing renewable energy capacity to 11,000 gigawatts by 2030 and increasing global investment in clean energy from about $1.8T in... #GreenENergy #IEA #LowEmissionEnergy #RESinvestments
The largest chicken exporter in Ukraine will receive up to $30M in financing from the IFC to expand the capacity of its biomethane production plant. The International Finance Corporation (IFC) will resume cooperation with the MHP agricultural holding, the largest chicken producer in Ukraine, and provide a loan to its daughter company, the Vinnytsi... #biomethaneinUkraine #BiomethanePlant #ChickenProduction #GreenEnergyUkraine #ifc #MHPukraine
The US will provide $522M for Ukraine energy projects, but there are conditions. These funds are intended for the restoration of damaged infrastructure, strengthening the stability of the power system and its protection against air attacks, establishing distributed gas and green e... #Energoatom #EnergyInfrastructure #UkraineENergySystem #USsupportsUkraine
The EU has no alternatives to replace the 8% of its gas that is received from Russia. According to European Commissioner Kadri Simson, if consumption is reduced the EU will save another 65 billion cubic meters by March 2024, but it will not be possible to reduce gas consumption by anot... #EUenergySystem #HeatingSeason #KadriSimson #RussianGas
Ukraine is preparing to unify its electricity market with the EU. The Ukraine market operator has developed a draft law to unify the electricity markets of Ukraine and the EU, said the company’s general director, Oleksandr Gavva. The main goal is to increase t... #energyukraine #EUelectricityMarket #OleksandrGavva #UkraineENergySystem #Ukrenergo
Russia is successfully bypassing the G7 oil price cap and boosting its export revenues. In August, almost 75% of all seaborne oil shipments from Russia were carried out without Western insurance, compared to about 50% this spring. The rise means Russia is increasingly adapting to circumv... #circumventionOfSanctions #RussianOil #RussianOilExport #RussianOilPriceLimit #SanctionsAgainstRussia
