Energy

Thursday, June 27

Experts name the factors stopping investment in new wind power plants in Ukraine.

Experts name the factors stopping investment in new wind power plants in Ukraine. According to the head of the Ukrainian Wind Energy Association, Andriy Konechenkov, new distributed generation capacities can compensate for the loss of 10 GW of traditional energy capacities. As well...

Turning point: Ukraine has approved a regulatory framework to quicken investment in new power generation and energy storage facilities.

Turning point: Ukraine has approved a regulatory framework to quicken investment in new power generation and energy storage facilities. The National Commission for Regulation of the Energy Market (NERC) adopted a resolution to introduce special auctions for auxiliary services to provide frequency regulation and active power reserves i...

Wednesday, June 26

Ukraine owes green power generation investors about $711.2M.

Ukraine owes green power generation investors about $711.2M. The state enterprise Guaranteed Buyer is ₴28.9B ($711.19M) in arrears to renewable energy investors under its green tariff obligations. As reported by the state-owned enterprise, the debt is a consequ...

Kyiv plans to build two TPP plants to generate energy from burning garbage.

Kyiv plans to build two TPP plants to generate energy from burning garbage. Petro Panteleev, deputy head of the Kyiv city administration, said: “We must use all the ways and opportunities that will allow us to produce energy. This is what the Concept of Energy Sustainab...

Tuesday, June 25

IFC: Liberalization of energy prices is needed to unlock $97B in energy investment.

IFC: Liberalization of energy prices is needed to unlock $97B in energy investment. The top manager of the International Finance Corporation (IFC) of the World Bank Group, Ines Rocha, said: “Reforms in the energy sector, including the liberalization of energy prices, are of key...

During the war, Ukrainian power generation lost more than 40 GW of capacity.

During the war, Ukrainian power generation lost more than 40 GW of capacity. During the full-scale invasion, due to occupation and destruction, Ukraine has lost more than 40 GW of electricity generation capacity, said Yasno CEO Serhiy Kovalenko. He notes that Ukraine’s e...

Monday, June 24

Ukraine will additionally spend ₴759M to strengthen the stability of its energy system, and a cement producer will invest $15M in energy production.

Ukraine will additionally spend ₴759M to strengthen the stability of its energy system, and a cement producer will invest $15M in energy production. The government approved using state funds for decarbonization and energy-efficient transformation. This will occur through an additional ₴759M ($19M) program to support energy efficiency and strengthe...

Over 30 wind generation projects are being developed in Ukraine, including a 650 MW wind farm.

Over 30 wind generation projects are being developed in Ukraine, including a 650 MW wind farm. Artem Nekrasov, the Head of the state-owned enterprise Guaranteed Buyer, stated that: “More than 30 new wind generation projects are currently being built in Ukraine. Among the investors are Ukr...

Thursday, June 20

Restoration of one MW of generation capacity costs approximately $1M; Ukraine will require billions to restore its energy system.

Restoration of one MW of generation capacity costs approximately $1M; Ukraine will require billions to restore its energy system. Distributed power generation, said NBU Deputy Head Kateryna Rozhkova, that will be used to restore power generation capacities will cost Ukraine billions of dollars. She explained that restoring one M...

The EU’s 14th package of Russian sanctions targets shadow tankers, exports of liquefied gas, and dozens of people who support the war.

The EU’s 14th package of Russian sanctions targets shadow tankers, exports of liquefied gas, and dozens of people who support the war. The EU will introduce restrictions on 20 individuals and 22 legal entities in the latest package of sanctions against Russia. The EU has already issued 13 sanctions packages on Russia following its fu...

Wednesday, June 19

Ukraine will restore only 7% of its power generation needs by winter.

Ukraine will restore only 7% of its power generation needs by winter. Before the heating season, Ukraine can restore 200-250 MW of generation (or 7.1%) of the required 3.5 GW, said Oleksandr Kharchenko, director of the Energy Research Center. According to him, work is p...

Ukraine has great potential in solar energy, and the industry needs almost €5B in investment by 2030.

Ukraine has great potential in solar energy, and the industry needs almost €5B in investment by 2030. According to a study by Berlin Economics, in the years before the start of Russia’s full-scale aggression the share of solar energy in the total volume of Ukraine’s electricity production increa...

Tuesday, June 18

The EBRD will increase financing to restore Ukraine’s energy system and prepare for winter.

The EBRD will increase financing to restore Ukraine’s energy system and prepare for winter. EBRD President Odile Renaud-Basso said that the bank allocated €300M this month to help state energy companies repair facilities damaged by Russian shelling and build new decentralized energy faciliti...

Monday, June 17

The US announced $1.5B for Ukraine’s energy sector at the Peace Summit.

The US announced $1.5B for Ukraine’s energy sector at the Peace Summit. During a meeting with Volodymyr Zelenskyy in Switzerland, US Vice President Kamala Harris announced a new energy aid package to be provided by USAID and the State Department. In particular, USAID is p...

Friday, June 14

URC2024 results: G7+ will provide $1B in aid to Ukraine’s energy sector, and projects worth €16B announced at the conference.

URC2024 results: G7+ will provide $1B in aid to Ukraine’s energy sector, and projects worth €16B announced at the conference. At a high-level meeting of the G7+ Coordination Group on Aid to Ukraine’s Energy Sector in Berlin, Ukraine’s allies announced additional aid for Ukraine’s energy sector totaling more than ...

German and American companies will help build new distributed generation capabilities in Ukraine.

German and American companies will help build new distributed generation capabilities in Ukraine. Ukrnafta signed memorandums with Siemens Energy Global GmbH & Co. KG and Deutsche Bank to develop distributed electricity and heat generation in Ukraine. The first is a memorandum of understanding...

The US Department of State believes Ukraine can become a natural green energy bank for the EU.

The US Department of State believes Ukraine can become a natural green energy bank for the EU. US Assistant Secretary of State for Energy Resources, Geoffrey Pyatt, stated at the Ukraine Recovery Conference in Berlin: “We need to change the paradigm of how we see Ukraine’s energy fu...

Vitagro seeks €110M to increase its biomethane production capacity, and OKKO will build a biofuel plant with EBRD funds.

Vitagro seeks €110M to increase its biomethane production capacity, and OKKO will build a biofuel plant with EBRD funds. According to Vitagro, by 2030 35 million cubic meters of biomethane will be consumed in the EU. That is why the company invested €6M in a biomethane plant and plans to make additional investments with...

Thursday, June 13

Restoration of Ukraine’s energy system: What was agreed upon at URC2024?

Restoration of Ukraine’s energy system: What was agreed upon at URC2024? Ukrenergo signed a €15M grant agreement with the German state development bank, KfW. The company said the funds would be used to purchase critical equipment and restore high-voltage substations after ...

German companies are building wind and solar power plants in Ukraine, and the country urgently needs 5-6 GW of new generation.

German companies are building wind and solar power plants in Ukraine, and the country urgently needs 5-6 GW of new generation. The German company Notus Energy is implementing a 300 MW wind farm project in the Odesa region, the first stage of which will be 120 MW, the company’s top manager said at URC2024. The first phase of w...

Wednesday, June 12

Ukraine’s energy sector has lost $56B through the war.

Ukraine’s energy sector has lost $56B through the war. As a result of the Russian Federation’s full-scale invasion, Ukraine’s energy sector has suffered direct and indirect financial losses in the amount of $56.2B, while the cost of reconstruction, which ...

Tuesday, June 11

Ukraine plans to lease floating Turkish power plants to provide Odesa with 750 MW of generation capacity.

Ukraine plans to lease floating Turkish power plants to provide Odesa with 750 MW of generation capacity. Ukraine is negotiating with Turkey to place power plant ships in the key ports of Odesa and the Danube region to partially cover electricity shortages, said the head of the Odesa regional administrati...

Monday, June 10

Allies are investing in the restoration of Ukrainian energy and critical infrastructure.

Allies are investing in the restoration of Ukrainian energy and critical infrastructure. France will allocate €200M to enterprises that will invest in restoring Ukraine’s critical infrastructure, with €60M of these funds directed to the Ukrainian energy sector, French President Emma...

Ukrainian government and businesses are working to restore the energy facilities that was destroyed by the Russians.

Ukrainian government and businesses are working to restore the energy facilities that was destroyed by the Russians. As a result of shelling, Ukraine lost 50% of its power generation capacity. Prime Minister Denys Shmyhal noted that 42 thermal power units were destroyed, 27% of large TPPs are working, 73% are curren...

Friday, June 7

This year, the world will invest $2T in clean energy, 100% more than fossil fuel spending.

This year, the world will invest $2T in clean energy, 100% more than fossil fuel spending. This year, global investment in clean energy technology and infrastructure will reach $2T, twice as much as in fossil fuels, according to a report by the International Energy Agency (IEA). Also, the t...

The Ukrainian leader in biogas energy generation is unable to restore operations at three TPPs using biomass.

The Ukrainian leader in biogas energy generation is unable to restore operations at three TPPs using biomass. The Clear Energy group of companies, which is engaged in the construction and operation of bio-thermal power plants, wind turbines, and thermal power plants, never managed to put its biomass thermal p...

Ukraine lost $11B in the terrorist act at the Kakhovka HPP; reconstruction of the dam will take up to seven years.

Ukraine lost $11B in the terrorist act at the Kakhovka HPP; reconstruction of the dam will take up to seven years. The Russians caused $11B in damage to Ukraine when it blew up the Kakhovka HPP, which occurred on June 6, 2023. About 100,000 Ukrainians and 140,000 residents of the region were affected by the dam...

UZ plans to build a gas generation plant with a capacity of 250 MW.

UZ plans to build a gas generation plant with a capacity of 250 MW. The state company Ukrainian Railways (UZ) plans to build gas power plants with a total capacity of 250 MW in various regions. UZ is among the five largest distribution companies in the country in term...

Thursday, June 6

Russia has taken out 35 GW of Ukraine’s electricity generation capability since the beginning of the war.

Russia has taken out 35 GW of Ukraine’s electricity generation capability since the beginning of the war. So far, the Russian Federation has destroyed over 60% of Ukraine’s electricity production in over two years, decreasing generation from 55 to 20 GW. Currently, Ukrainian energy companies limit electri...

Where will Ukrainian energy companies direct ₴50B in revenue from increased electricity tariffs?

Where will Ukrainian energy companies direct ₴50B in revenue from increased electricity tariffs? Analysts have calculated that the increase in consumer electricity prices will generate an additional ₴50B for state energy companies Energoatom and Ukrhydroenergo in 2024. The tariff increase will al...

The EBRD will provide Ukraine with €300M to restore energy infrastructure and construct new decentralized generation.

The EBRD will provide Ukraine with €300M to restore energy infrastructure and construct new decentralized generation. Ukraine and the EBRD signed a memorandum under which the European Bank will provide €300M to support Ukraine’s energy sector. “This support will help to fulfill our goal – to ensure ...

While Russia recovers from the loss of the EU gas market, Turkey is expanding its gas pipeline’s capacity to Europe.

While Russia recovers from the loss of the EU gas market, Turkey is expanding its gas pipeline’s capacity to Europe. Russian Gazprom will not be able to restore its volume of gas exports lost due to the war in Ukraine for at least 10 years, writes FT. It is predicted that Gazprom’s gas exports to Europe will a...

Wednesday, June 5

The EU seeks to speed up investment in the hydrogen market to achieve climate neutrality and independence from Russian energy sources.

The EU seeks to speed up investment in the hydrogen market to achieve climate neutrality and independence from Russian energy sources. The European Commission announced the beginning of work on a pilot mechanism for developing the hydrogen market. Hydrogen will play an essential role in the EU’s transition to climate neutrality...

During the full-scale war in Ukraine, three wind power plants with a capacity of almost 230 MW have been built, and another 58 projects are at various stages of implementation.

During the full-scale war in Ukraine, three wind power plants with a capacity of almost 230 MW have been built, and another 58 projects are at various stages of implementation. According to Andriy Konechenkov, chairman of the board of the Ukrainian Wind Energy Association, since the beginning of the full-scale war, three new wind farms have been built in Ukraine: Tyligulska ...

Tuesday, June 4

Russia has already destroyed 9.2 GW of Ukrainian power generation; the state will work on creating an alternative.

Russia has already destroyed 9.2 GW of Ukrainian power generation; the state will work on creating an alternative. Due to the missile attacks over the last few days, Russia has destroyed 9.2 GW of Ukrainian power generation, noted EU Ambassador to Ukraine Katarina Mathernova. In turn, the Prime Minister of Ukraine...

Monday, June 3

OKKO group will build a 150 MW wind farm as well as bioethanol and biodiesel plants.

OKKO group will build a 150 MW wind farm as well as bioethanol and biodiesel plants. CEO of the OKKO group Vasyl Danylyak said, “In the fall, we will start our first wind energy project with a capacity of 150 MW in Volyn.” In addition, the group has already purchased the n...

Friday, May 31

Germany and the Czech Republic have led the energy revolution in the EU and want to eliminate the remaining 20% of imports from Russia.

Germany and the Czech Republic have led the energy revolution in the EU and want to eliminate the remaining 20% of imports from Russia. Germany and the Czech Republic are calling on the EU to do more to cut the last 20% of Russian energy imports. The countries are asking for the creation of a working group to determine ways to gradual...

Thursday, May 30

IMF: The EU will completely abandon Russian energy sources by 2030.

IMF: The EU will completely abandon Russian energy sources by 2030. According to the IMF, the EU has stopped importing coal and most oil from Russia. Imports of Russian gas to the EU have also been decreasing since 2021, and after the beginning of the full-scale war, ...

Wednesday, May 29

Britain will help a Ukrainian company build a plant to produce green hydrogen with a capacity of 8,000 tons per year with a €300-400M investment.

Britain will help a Ukrainian company build a plant to produce green hydrogen with a capacity of 8,000 tons per year with a €300-400M investment. The InnovateUkraine program, funded by the Ministry of Foreign Affairs of Great Britain, will support the creation of eight GW of green hydrogen production capacity in Ukraine. Voden Ukrainy LLC (Hydr...

Tuesday, May 28

Transcarpathia plans to develop geothermal energy production.

Transcarpathia plans to develop geothermal energy production. The Zakarpattia regional administration signed a memorandum with Ukrgazvydobovannya, the largest gas production company of Ukraine, on the implementation of gas-to-power projects at the Solotvyno and ...

Monday, May 27

The EBRD is developing options for energy assistance to help Ukraine survive next winter.

The EBRD is developing options for energy assistance to help Ukraine survive next winter. The EBRD’s main goal is to increase the energy system’s flexibility and restore heating where Russian strikes destroyed generating capacity, said a senior banker in the EBRD’s energy depar...

Thursday, May 23

Ukraine wants to create a $6B investment fund for energy sustainability.

Ukraine wants to create a $6B investment fund for energy sustainability. The State Agency for Energy Efficiency plans to create an International Green Investment Fund in Luxembourg, with an investment strategy calculated for 7-10 years and $6B, agency head Hanna Zamazeyeva...

How do forced power outages affect the Ukrainian military industry?

How do forced power outages affect the Ukrainian military industry? Power outages in Ukraine caused by Russian shelling not only create discomfort for the civilian population but also complicate the production of weapons, writes the New York Times. This slows producti...

Tuesday, May 21

Renovation of the energy system: Ukraine will develop smart power grids, and banks will support projects to restore energy generation.

Renovation of the energy system: Ukraine will develop smart power grids, and banks will support projects to restore energy generation. The Ministry of Energy of Ukraine approved the road map for developing smart networks to automate and implement digital solutions at all levels of the energy system. It is noted that the restoration o...

A relocated enterprise begins production of wind turbines in Transcarpathia, and DTEK is preparing to construct the second stage of the Tyligulska wind farm.

A relocated enterprise begins production of wind turbines in Transcarpathia, and DTEK is preparing to construct the second stage of the Tyligulska wind farm. The Friendly Wind Technology company announced its readiness to start production line operation to manufacture wind turbines. The company plans to produce up to 20 wind turbines with a unit capacity o...

Monday, May 20

State companies plan to extract 15 cubic meters of gas and two million tons of oil this year and have launched seven new gas wells.

State companies plan to extract 15 cubic meters of gas and two million tons of oil this year and have launched seven new gas wells. The Naftogaz group expects that state gas production companies will produce about 15 billion cubic meters of gas in 2024, said the state company’s CEO, Oleksiy Chernyshov. He added that in addition to...

Friday, May 17

Turkey helped Russia earn €3.1B from the export of petroleum products to the EU.

Turkey helped Russia earn €3.1B from the export of petroleum products to the EU. Last year, Turkey became the world’s largest buyer of Russian oil products, reported CSD and CREA analysts. In their view, Turkey has become a strategic transshipment point for Russian oil produ...

Energy decentralization starts in Kyiv: six mini-TPPs with a capacity of 619 MW are planned to be launched.

Energy decentralization starts in Kyiv: six mini-TPPs with a capacity of 619 MW are planned to be launched. City authorities in Kyiv are considering the creation of six mini-TPPs with capacities between 20 MW to 324 MW (total capacity – 619 MW) in addition to the three currently available. This concep...

Wednesday, May 15

Zelenskyy launches the biomethane market in Ukraine, which will help attract international investment.

Zelenskyy launches the biomethane market in Ukraine, which will help attract international investment. President Volodymyr Zelenskyy signed into law legislation regarding customs control and customs clearance of biomethane transported by pipeline across the customs border of Ukraine. The new law is exp...

Tuesday, May 14

The EU will introduce sanctions against Russia’s LNG, hitting Moscow and its Asian partners.

The EU will introduce sanctions against Russia’s LNG, hitting Moscow and its Asian partners. In the next package of sanctions against Russia, the EU seeks to ban the use of its ports for the re-export of liquefied natural gas. As Bloomberg points out, although blocking access will not prevent...

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