The EIB will approve a €250M support package for Ukraine’s energy sector and allocate another €200M to modernize its public transport. The government of Ukraine and the EIB are working diligently to prepare new agreements for a €250M support package. “The EIB systematically supports Ukraine in priority area and continues to wor... #EIB #EnergyRestore #energyukraine #InvestmentsinUkraine #KyivPublicTransport #SerhiyMarchenko
Kuleba tells the EU ministers the five steps for urgent assistance to Ukraine’s energy sector. During a meeting of the Council of Foreign Ministers of the EU, Minister of Foreign Affairs Dmytro Kuleba called on Ukraine’s partners to intensify the protection and restoration of the country&... #DmytroKuleba #EnergyRestore #energyukraine #RussianMilitaryTargets #UkraineRecovery
The EU will provide Ukrenergo a €100M grant for the energy system’s restoration and protection. State energy company Ukrenergo and the German State Development Bank KfW in Ukraine signed a €100M grant agreement. It is noted that the EC authorized KfW to direct the funds from the special EU budge... #EnergyRestore #energyukraine #KfW #UkraineInvestmentFacility #Ukrenergo
Ukrainians will have to live with blackouts for a long time: there is a lack of time and money to restore generation. The Economist notes the difficult situation: “There is too little time left and too few billions of dollars needed to install several hundred small power plants, restore bombed-out facilities, o... #ElectricityDeficitUkraine #EnergyRestore #energyukraine #UkraineBlackout #UkraineEnergyLosses #Ukrhydroenergo
The construction of one GW of power generation will cost $700M, and Ukraine needs to attract international financing for energy projects. “Investment projects for the construction of one GW of electricity will cost from $700M using gas piston or gas turbine technologies and up to $1.5M for, for example, wind power,” said Osc... #ElectricityDeficitUkraine #ElectricityGeneration #EnergyRestore #energyukraine #oschadbank
Ukrenergo will purchase electricity from businesses investing in distributed generation. State company Ukrenergo will buy electricity in advance from businesses building distributed generation facilities, even those under construction, said Chairman of the Management Board Volodymyr Kudry... #DistributedGeneration #ElectricityAuction #energyukraine #Ukrenergo #VolodymyrKudrytskyi
Ukraine, Moldova, and Romania are developing energy security guarantees for Ukraine and Europe. According to a joint statement from the three heads of foreign affairs, the countries plan to increase the capacity of the Trans-Balkan gas route as part of the vertical gas corridor, including develo... #EnergySecurity #energyukraine #gaselectricity #Moldova #Romania #VerticalCorridor
The war is accelerating Ukraine’s transition to renewable energy sources. By continuously attacking Ukraine’s energy sector for two years, Russia has inadvertently accelerated the country’s transition to ecologically friendly energy sources. Due to Russian airst... #energyukraine #ForeignInvestor #RenewableEnergyUkraine #RESinvestments #UkraineEnergyLosses #WarRiskInsurance
Ukraine is building only 20% of the declared 1 GW energy maneuvering capacity. Energy experts have estimated that currently, Ukrainian cities are building at most 20% of the 1 GW of maneuvering energy capacity recently announced by Ukraine’s president. Currently, about 150... #ElectricityGeneration #energyukraine #Kharkiv #kyiv #PowerPlantUkraine #USAID
Ukrnafta will receive a loan from the EBRD and invest $1B in constructing power plants to become a multi-energy company. Ukrnafta CEO Serhiy Koretskyi said that the company plans to build gas piston installations with a capacity of at least 1,000 MW. For this, the company will use its own funds and borrow funds from Ukr... #ebrd #ElectricityGeneration #energyukraine #PowerPlantUkraine #SerhiyKoretskyi #Ukrnafta
Ukraine will install up to 1 GW of gas-fired distributed generation urgently, and DTEK Energy will direct all funds to restore TPPs. It is realistic to install up to 1 GW of gas-fired power generation in Ukraine, according to Deputy Minister of Energy Mykola Kolisnyk. “Several tens of megawatts have already been installed, an... #Denmark #DTEK #ElectricityGeneration #EnergyRestore #energyukraine #UBNnetwork #UkraineRecovery
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... #DTEK #ElectricityGeneration #EnergyStorageSystems #energyukraine #VadymUtkin #VolodymyrKudrytskyi
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... #energyukraine #GreenEnergyUkraine #GuaranteedBuyer #GuaranteedBuyerDebt #RenewableEnergy #Ukrenergo
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... #energyukraine #kyiv #KyivTPP #WasteRecycling
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... #EnergyEfficient #EnergyIndependence #energyukraine #ifc #InesRocha #ReformsinUkraine #RESinvestments
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... #CementProduction #EnergyDecentralization #EnergyIndependence #energyukraine #InvestmentsinUkraine #KryvyiRihCement
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... #DTEK #energyukraine #GreenENergy #GuaranteedBuyer #RenewableEnergyUkraine #WindEnergy
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... #ElectricityGeneration #EnergyRestore #energyukraine #KaterynaRozhkova #UkraineEnergyLosses #Ukrhydroenergo
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... #ElectricityDeficitUkraine #ElectricityGeneration #EnergyRestore #energyukraine #OleksandrKharchenko #YASNO
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... #EnergyDecentralization #EnergyInvestments #energyukraine #RESinvestments #SolarEnergy
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... #ebrd #EnergyRestore #energyukraine #OdileRenaudBasso #UkraineRecovery
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 ... #EnergySupportFund #energyukraine #G7 #SupportUkraine #UkraineRecovery #URC2024
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... #DeutscheBank #DTEK #ElectricityGeneration #energyukraine #GEvernova #Honeywell #SiemensEnergy #Ukrnafta
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... #EmmanuelMacron #EnergySupportFund #energyukraine #SupportUkraine #UkraineRecovery
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... #energyukraine #gaselectricity #GasGenerationPlant #investments #UkrainianRailways
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... #Energoatom #EnergyInfrastructure #EnergyTariffs #energyukraine #Ukrhydroenergo
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 ... #DenysShmyhal #ebrd #EnergyDecentralization #energyukraine #UkraineEnergyLosses
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 ... #energyukraine #RenewableEnergyUkraine #TyligulskaWindPowerPlant #WindEnergyUkraine
The NBU has downgraded its growth forecast for the Ukrainian economy over losses in the energy sector. The National Bank worsened its 2024 growth forecast for Ukraine’s economy from 3.6% to 3% due to the severe consequences from Russia’s missile attacks on energy infrastructure. The central... #ebrd #energyukraine #GDPinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy #WarinUkraine
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 ... #energyukraine #gaselectricity #GeothermalEnergy #RenewableEnergy #Ukrgazvydobuvannya #Zakarpattia
The Ministry of Economy of Ukraine estimates GDP growth in April to be 4.3%. In April 2024, Ukraine’s GDP growth compared to April last year was about 4.3%. For January-April, the economic department noted that the growth is estimated at the level of 4.4% compared to the... #energyukraine #GDPinUkraine #IndustryUkraine #UkraineEconomy #YuliyaSvyridenko
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... #Energyefficiency #energyukraine #HannaZamazeyeva #SustainableEnergy
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... #DefenseIndustryUkraine #ElectricityDeficitUkraine #energyukraine #Ukrenergo
Real GDP growth slowed in Ukraine due to Russian attacks on the energy system. The growth rate of real GDP in Ukraine has slowed down somewhat. The key problem is reduced access to a constant electricity supply and sufficient amounts of electricity. According to the IER, GDP in ... #ElectricityDeficitUkraine #energyukraine #GDPinUkraine #GVAukraine #UkraineEconomy #UkraineExport
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... #AndriiPyshnyi #energyukraine #nbu #SmartElectricalNetworks #SmartEnergy
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... #DenysShmyhal #energyukraine #GasProductionUkraine #Naftogaz #OilProductionUkraine #OleksiyChernyshov
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... #ElectricityGeneration #EnergyDecentralization #energyukraine #KyivTPP
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... #alternativeenergy #BioGas #Biomethane #CustomsUkraine #energyukraine #Zelenskyy
A new energy system architecture in Ukraine: 50 companies are ready to invest in distributed generation, and partners will provide €7.8B to cover risks. As noted, Ukrenergo, the National Commission for Energy Market Regulation, the Federation of Employers, the European Commission, and international donors are working together to transform Ukraine’s en... #DistributedGeneration #EnergyInvestments #energyukraine #GreenEnergyUkraine #Ukrenergo
Ukraine needs at least $1B to restore its power system before the winter. Prime Minister Denys Shmyhal held the first meeting to prepare for the upcoming heating season. The head of the government named several challenges the government of Ukraine is facing: Scales o... #DenysShmyhal #energyukraine #HeatingSeasonUkraine #Ukrenergo #Ukrhydroenergo
Leaders of Ukraine’s energy sector increased their revenues by 8%. The combined income of Ukraine’s top ten energy companies in 2023 amounted to almost ₴745.9B, 8% more than in 2022 (₴688.45B). Half of the companies in the top ten are state-owned, and four more... #D.Trading #Energoatom #energyukraine #SCMgroup #Ukrhydroenergo
Ukraine is preparing to launch its biomethane register and is discussing the attractiveness of investment in the industry. The head of the State Agency for Energy Efficiency, Hanna Zamazeyeva, said that the development of the biomethane register is currently underway. Once implemented, exporters can supply biomethane to E... #BioGas #Biomethane #BiomethaneTransportation #energyukraine #Naftogaz #RenewableEnergyUkraine #UkraineGTS
Ukraine’s allies provide billions of euros to support Ukraine’s energy industry and reconstruction. The UK allocated more than €173.9M to strengthen Ukraine’s energy sector. In addition, this year Kyiv will receive €560M from the EIB for energy, transport infrastructure, and housing reconstruc... #EIB #EnergyEquipment #energyukraine #SupportUkraine #UkraineReconstruction #UkraineRecovery #Ukrenergo
Ukraine will build 10 GW of capacity to produce renewable hydrogen, which the EU urgently needs. Currently, hydrogen production in Ukraine is approximately 360,000 tons per year, used mainly to produce ammonia. Although this is only 0.5% of global demand, with technological development and invest... #energyukraine #GreenHydrogen #HydrogenProductionUkraine
Ukraine has started preparing its energy system for next winter; small generation facilities will be built. In preparation for the next heating season, the Ukrainian government will focus on the fastest possible construction of small generation facilities for Kharkiv and other cities, with a transition in t... #ElectricityGeneration #EnergyModernization #energyukraine #Kharkiv #OleksandrKubrakov
Russia rocks the Ukrainian energy industry: facilities in five regions were damaged, and the Trypilska TPP in the Kyiv region was destroyed. A massive Russian missile attack on the night of April 11 damaged Ukrenergo substations and generation facilities in the Odesa, Zaporizhzhia, Lviv, Kharkiv, and Kyiv regions. The Trypilska TPP was com... #Centrenergo #energyukraine #MissileAttackOnUkraine #RussianAggression #TrypilskaTPP #UkraineInfrastructureDestruction #Ukrenergo
DTEK Energy Holding plans to add 1.5 GW of green energy to Ukraine’s energy system within three years. CEO of DTEK Maksym Timchenko said: “We have been discussing the need for distributed generation since the first months of the war. Our strategy involves investing in green generation. We plan to... #DTEK #ElectricityGeneration #energyukraine #GreenENergy #MaximTimchenko #TyligulskaWindPowerPlant #WindEnergyUkraine
Germany will help Ukraine to create an analog of its recovery bank and has increased interest in the Ukrainian energy market. The German government approved a set of measures to support the reconstruction of Ukraine. One of them is the creation of an analog of the German reconstruction bank KfW, based on the Entrepreneurship... #energyukraine #KfW #SEFE #UkraineReconstruction #UkraineRecovery
The energy regulator has increased the attractiveness of Ukrainian gas storage facilities for European customers. The National Commission for State Regulation of Energy (NCRECP), which administers state regulation in the fields of energy and communal services, approved several changes to the Gas Storage Code and ... #energyukraine #gasstoragefacilities #Ukrainegasstorage #UkraineGTS
How can Ukraine complete the integration of its electricity sector with the EU? To fully integrate the Ukrainian energy market into the European system, it is necessary to continue implementing European legislation and the liberalization of the domestic market, as analyzed by the... #energyukraine #ENTSO-E #ENTSOintegration #EUelectricityMarket
