Fitch has confirmed the likely default of the Ukrainian energy company. The Fitch Ratings agency confirmed the long-term default rating for the NEC Ukrenergo electricity system company at the CC level (probable default) and the priority unsecured rating of its $825M in st... #FitchRatings #UkraineEnergy #Ukrenergo
Velta Partners with EAS Advisors LLC to Secure Funding for Titanium Plant Construction in the U.S. The Velta group of companies with assets for the extraction of titanium-bearing ores in the Kropyvnytskyi region signed an agreement with the private New York consulting company EAS Advisors to attrac... #AndriyBrodsky #EASAdvisors #TitaniumPlant #Titaniumproduction #Velta
Global demand for fossil fuels has already reached its peak. Fossil fuels are no longer economically viable, and their use has peaked. At the same time, the growth of renewable energy sources is driving down global electricity prices, according to a report by t... #FossilFuels #GreenENergy #RenewableEnergy
One of the largest retailers in Ukraine is installing solar panels on its stores’ roofs to generate 30% of their energy needs with green electricity. Over the past 1.5 months Epicenter K installed solar energy systems (SES) in three Kyiv stores and two in Vinnytsia. It is noted that the total capacity of the five SESs, which have already been put ... #energyukraine #EpicentrK #OleksandrHereha #SolarEnergyUkraine
Zhytomyr launches a green CHP plant that will burn sorted garbage. One of the bio-CHP plants in Zhytomyr, which was planned to operate on wood chips, will switch to 50% refuse derived fuel (RDF) from the local waste processing plant, Deputy Mayor of Zhytomyr Serhii K... #BiomassEnergy #greenCHP #RefuseDerivedFuel #SerhiyKondratyuk #Zhytomyr
The gas war with the EU has deprived Russia of $28B in revenue. The loss of the European gas market, which accounted for almost 80% of Gazprom’s exports, will cost the Russian federal budget $28B in tax revenue this year, according to Vygon Consulting. Gazpr... #Gazprom #RussiaBudget #RussiaGasExport #RussianGas
A French company has started construction of modern power grids in Ukraine. Work has begun in the Zaporizhzhia region by the French company, EDF International Networks. According to Deputy Energy Minister Yaroslav Demchenkov, the new networks are expected to be flexible, effi... #PowerGrids #UkraineENergySystem #YaroslavDemchenkov
Ukraine may buy two Russian nuclear reactors from Bulgaria. Ukraine is close to concluding an agreement with Bulgaria on purchasing two Russian-made nuclear reactors and other critical energy equipment, reported the WSJ. According to the agreement, the negotia... #BeleneNPP #KhmelnytskyiNPP #NEKbulgaria #NuclearEnergyUkraine #NuclearReactor
Ukraine lost more than 10 cubic kilometers of water due through the Kakhovka HPP tragedy. As a direct result of the destruction of the Kakhovka HPP dam, the reservoir’s area decreased by 80%, and Ukraine lost more than 10 cubic kilometers of water, said the Minister of Environmental ... #EcologicalTerrorism #EnvironmentalDamage #KakhovkaHPPdestruction #KakhovkaReservoir #RuslanStrilets
Ukraine’s largest gas producer has put three more wells into operation. State company Ukrgazvydobuvannya put into operation three highly productive wells in June, with a total throughput of 425,000 cubic meters of gas per day, reported the Naftogaz Group. The company adde... #GasProductionUkraine #GasWell #Naftogaz #OleksiyChernyshov #Ukrgazvydobuvannya
The EU must invest an extra €700B annually to shift away from Russian fossil fuels. According to a draft report from the bloc’s executive arm, the European Union must invest an additional €700B a year to green the economy and shut out cheap Russian fossil fuels. Most of that fi... #GreenEnergyEU #RESinvestments #RussianFossilFuels #UrsulavonderLeyen
The Armed Forces of Ukraine warn about provocation by the Russians at the Zaporizhzhia NPP. The Armed Forces of Ukraine have officially given notification of Russia’s possible preparation of a provocation in the coming days on the territory of the Zaporizhzhia nuclear power plant, whic... #NuclearSecurity #WarinUkraine #zaporizhzhiaNPP #ZNPPterroristAttack
The situation remains extremely fragile at the ZNPP despite its connection to the reserve line. The Zaporizhzhia Nuclear Power Plant has been reconnected to the only available backup power line for the first time in four months, but the situation at the facility remains “extremely vulnerab... #NuclearSecurity #RafaelMarianoGrossi #zaporizhzhiaNPP
Hungary wants to keep buying Russian oil products for its oil refiner, Slovnaft. Hungary plans to ask the EU for a one-year extension of the sanctions exemption for oil refiner Slovnaft, allowing it to export products made from Russian oil to Czechia, said Péter Szijjártó, Ministe... #MOL #PeterSijarto #RussianOil #Slovnaft #ZsoltHernadi
Ukraine opened access to a new route for importing gas into the country. From July 1, 2023 the National Energy Regulatory Commission set the tariff for natural gas transportation services through the Oleksiivka entry point at $4.45 (without VAT) per thousand cubic meters p... #DmytroLippa #GasstorageUkraine #GasTransit #UkraineGTS
The destruction of the Kakhovka HPP has caused UAH 146B in environmental damage. According to the Minister of Environmental Protection and Natural Resources of Ukraine, Ruslan Strilets, the Russian detonation of the dam in the Kherson region has caused UAH 146B ($4B) in damage. &#... #KakhovkaHPP #KakhovkaHPPdestruction #RuslanStrelets #UkraineDamages #WarDamage
Ukraine is preparing for a possible attack on Zaporizhzhia Nuclear Power Plant. Ukrainian authorities have launched large-scale emergency response exercises in four regions to prepare for “a possible terrorist attack” at the Russian-occupied Zaporizhzhia Nuclear Power Plant (ZNPP... #Energoatom #NuclearThreat #OleksiyDanilov #zaporizhzhiaNPP #ZNPPterroristAttack
Green innovation fund InnovateUkraine starts its work. Within the framework of cooperation between Ukraine and Great Britain, the InnovateUkraine Fund is starting its operations in the field of green innovation. It will provide grants to support businesse... #EnergyInfrastructure #EnergyInvestments #EnergyTechnology #GreenENergy #InnovateUkraine
Half of the loans for green energy are non-performing. The green energy crisis is causing losses for banks – the share of non-performing loans in the industry rose to 51% at the beginning of May, compared to less than 3% before the invasion says a F... #GreenEnergyLoans #GreenEnergyUkraine #LoanPortfolio #nbu #NPLukraine
European traders are increasing gas flow to Ukraine. Ukraine expects a jump in natural gas flow from the EU as traders are interested in its spare storage capacity to stockpile fuel for the coming winter. With European inventories already fuller than us... #EUgasReserves #GasstorageUkraine #Naturalgas #UkraineGTS
For the first time, Europe imported more liquefied natural gas than pipeline gas. According to Institute of Energy data, imports of liquefied natural gas to Europe in 2022 exceeded the volume of pipeline imports for the first time. This suggests that the continent is rapidly rebuil... #GasImport #LNG #LNGimport #RussianGas
Despite hostilities and damaged infrastructure, Ukraine has no electricity shortages. Ukraine’s energy system has enough capacity to cover the needs of all consumers; nuclear generation produces almost 46% of all electricity, reported the Ministry of Energy’s press service. The electri... #GreenEnergyUkraine #NuclearEnergyUkraine #UkraineEnergy #UkraineENergySystem
Gas prices increased after the Wagner coup over the weekend in Russia. Natural gas futures in Europe were little changed at €32 per megawatt hour, after rising more than 10% earlier, as investors monitor supplies following the short rebellion in Russia over the weekend. ... #EUgasStorages #GasImport #gasprices #RussianGas
Businesses calls on the state regulator to review the proposed price cap for electricity. The European Business Association (EBA) considers the price ceiling on the electricity market proposed by the National Commission unjustified and calls for a review of the resolution regulating such p... #EBA #ElectricitypricesUkraine #energyukraine #NEURC
Investment opportunities for new energy capacities in Ukraine amount to $383B, said the Minister of Energy of Ukraine, Herman Galushchenko, presenting the Energy Strategy of Ukraine until 2050 at URC2023. In particular, the investment opportunities in wind generation are $134B, ... #ConferenceLondon2023 #energyukraine #HermanGalushchenko #UkraineRecoveryConference #КурселектроенергіївУкраїні
Because of the war in Ukraine, electricity production has been reduced by a third. In the first four months of the current year, electricity production in Ukraine fell by 19.4% compared to the same period last year – to 36.5 billion kWh. Compared to the same period before the ... #ElectricityProductionUkraine #energyukraine #UkraineENergySystem
The EBRD predicts an increased flow of private investments in RES in Ukraine. However, the attractiveness of this sector of Ukraine’s economy will increase only after the war, said Harry Boyd-Carpenter, Managing Director of Climate Strategy and Delivery at the EBRD. He added t... #ebrd #EnergyInvestments #energyukraine #HarryBoydCarpenter #RenewableEnergyUkraine #UkraineNuclearEnergy
The development of Ukraine’s agricultural and energy capacities guarantees the security of the entire world. The reconstruction and development of agricultural and energy facilities in Ukraine will protect the world from chaos, said President Zelenskyy during his speech in London. According to him, at least ... #agroUkraine #ConferenceLondon2023 #energyukraine #RenewableEnergyUkraine #UkraineRecoveryConference #Zelenskyy
The IEA expects a 30% increase in new renewable energy capacities this year. A report from the International Energy Agency (IEA) notes that these expectations are based on concerns about energy security following Russia’s full-scale invasion of Ukraine. Solar will accoun... #EnergyInvestments #IEA #RenewableEnergy #SolarEnergy
Addition route for transportation and gas storage will be launched in Ukraine. The National Commission for Regulation of the Energy Market has approved a draft resolution that sets the tariff for the interstate connection entry point at Oleksiivka for Ukraine’s gas transportatio... #energyukraine #GasstorageUkraine #GasTransit #UkraineGTS
High oil demand will fade into history as a result of the Russian invasion of Ukraine and high prices, predicted the International Energy Agency (IEA). Energy experts predict that growth in global oil demand will come to a virtual halt over the next few years as high prices and Russia’s incursion... #IEA #OilDemand #OilProduction #RenewableEnergy
A Ukrainian company helped Rosatom build five nuclear power plants abroad. The SBU exposed a large-scale scheme to circumvent anti-Russian sanctions organized by the Kyiv Central Design Bureau of Armature Construction. The company’s general director and two of his subordinat... #KyivCentralDesignBureau #NuclearPower #Rosatom #SanctionsAgainstRussia #SBU
The EU’s strategy to fight the energy crisis is to store gas in Ukraine. According to Bloomberg, European officials are now considering how to tap into the continent’s largest gas storage network when demand and prices spike this winter. Because the capacities in the... #energyEU #EUgasCrisis #GasstorageUkraine #UkraineGTS
The agriculture losses from the Kakhovka HPP disaster may exceed $10B, and environmental damage already exceeds UAH 55B, as Minister of Environmental Protection Ruslan Strilets reported. The Ministry of Agrarian Policy thinks the farming, environmental and social spheres will suffer the most due to the lack of irrigatio... #AgroLossesUkraine #KakhovkaHPP #MykolaSolsky #RenewableEnergy #RuslanStrilets #TarasVysotskyi
The World Bank will assess Ukraine’s losses from the Kakhovka HPP disaster. The bank will calculate Ukraine’s needs for the restoration of the hydroelectric plant, said the vice-president of the WB, Anna Bjerde. The analysis will be based on the Rapid Damage Assessment and Re... #AnnaBjerde #KakhovkaHPPdestruction #RafaelMarianoGrossi #WarLosses #worldbank
Due to the water level drop in the Kakhovka Reservoir, the ZNPP may be put into a cold state. According to the President of the state company Energoatom Petro Kotin, one of the six power units of the occupied Zaporizhzhia Nuclear Power Plant (ZNPP) is in a state of hot shutdown. As Kotin expla... #Energoatom #IAEA #KakhovkaHPP #KakhovkaHPPdestruction #PetroKotin #zaporizhzhiaNPP
The Ukrainian regulator has issued a license for energy storage and allowed biogas producers to transfer it to the GTS. The National Commission for the Regulation of the Energy Market issued the first-ever license for conducting business activities in energy storage. The Budpower company, a subsidiary of the Vinnytsia ... #biomethaneinUkraine #BudpowerCompany #KNESS #UkraineEnergy #UkraineGTS
The destruction of the Kakhovka HPP dam caused UAH 2B in damages and will require $1B and five years to rebuild. According to the Ukrainian government, the explosion at the Kakhovka HPP dam resulted in damages to water resources that are estimated at UAH 2B. To recover from the consequences of the disaster a spe... #IhorKlymenko #KakhovkaHPP #KakhovkaHPPdestruction #ManMadeDisaster
Disaster at the Kakhovka HPP: which countries are helping Ukraine. US President Joe Biden said that the US will help Ukraine in connection with the Russian occupiers’ destruction of the Kakhovka HPP. US Ambassador to Ukraine Bridget Brink said the US is in clos... #AidforUkraine #KakhovkaHPP #KakhovkaHPPdestruction #ManMadeDisaster
Ukraine will increase electricity imports from the EU to two GW due to the Kakhovka HPP disaster. The corresponding initiative was announced by the head of the Ministry of Energy, Herman Galushchenko. Even though the station did not supply electricity to Ukraine’s power system after the occupation... #HermanGalushchenko #KadriSimson #KakhovkaHPP #KakhovkaHPPdestruction #UkraineEnergy #UkraineENergySystem
Brussels calls on European banks to provide insurance guarantees for gas storage in Ukraine. According to Naftogaz, the company can offer EU companies the capacity to place up to 10 billion cubic meters of gas, with the possibility of increasing it to 15 billion cubic meters if Ukraine reclai... #gasstorage #GasstorageUkraine #MaroshŠefčovych #Naftogaz
Russia blew up a major hydroelectric power station, the Nova Kakhovka dam. On June 6, around three o’clock in the morning, Russian terrorists blew up the dam and the engine room of the Kakhovka HPP, located near the town of Nova Kakhovka in the temporarily occupied Khe... #EcologicalTerrorism #KakhovkaHPP #KakhovkaHPPdestruction #Ukrhydroenergo
The supply of Russian gas to Europe will fall to a record low. The reason is that Gazprom is halting supplies through the Turkish Stream pipeline for maintenance. According to the company, the planned annual gas pipeline maintenance will last from June 5 to 12. A... #gascrises #Gazprom #RussianGas #RussianGasTransit #TurkishStream
Ukrtransgaz plans to invest UAH 16.6B in its development during 2023-2032. The operator of Ukrainian gas storage facilities, Ukrtransgaz, which is part of the Naftogaz group, has developed a gas storage development plan for 2023-2032. As part of the 10-year plan to build gas... #EnergyInvestments #GasstorageUkraine #Naftogaz #UkraineGTS #Ukrtransgaz
The Russians have almost completely eliminated the safety and security system at the Zaporizhzhia NPP. According to the National Nuclear Regulatory Commission, by order of the occupation administration, the transmission of information from the Automated System for Monitoring the Radiation Situation was... #IAEA #NuclearPowerUkraine #NuclearSecurityProgram #zaporizhzhiaNPP
Ukrnafta is looking for investors to increase production at 20 fields. According to the Ukrainian oil and natural gas extracting company, these 20 fields have 12 million tons of oil with condensate and 30 billion cubic meters of gas reserves. “There are 12 companies from... #EnergyInvestments #GasProductionUkraine #OilProductionUkraine #SerhiyKoretskyi #Ukrnafta
Ukraine is preparing for a new heating season without importing gas. In case of war complications, the necessary volumes will be able to be bought quickly, said Oleksiy Chernyshov, head of Naftogaz of Ukraine. He added this year, the amount of Ukrainian gas will be eno... #HeatingSeasonUkraine #Naftogaz #OleksiyChernyshov #ukrainegas #UkraineGasProduction
Ukraine and Poland plan to increase gas transportation. GTSO of Ukraine and the Polish Gaz System presented a joint project to increase the guaranteed capacities for gas transportation from Poland to Ukraine, developed according to EU business rules. In 20... #GasTransit #PolishGazSystem #UkraineGasimport #UkraineGTS
Ukraine demands a further reduction in the Russian oil price ceiling. According to the Ministry of Economy, last year Russia’s oil and gas exports amounted to $349B, and this year it will receive about $173B following the implementation of the embargo and price ce... #RussianOil #RussianOilEmbargo #RussianOilPriceLimit #SanctionsAgainstRussia
The war in Ukraine is driving the flow of international investment in RES – for the first time in history, they will exceed fossil fuel financing. The International Energy Agency predicts that green investment will reach $1.7T by the end of the year, while investments in coal, gas, and oil will exceed $1T. Among the reasons for the green reorien... #FatihBirol #GreenENergy #RenewableEnergy #RESinvestments
