The prime minister held a press conference regarding Ukraine’s work with the IMF and the upcoming winter. Here are the most interesting items from the head of the Ukrainian government, Denys Shmyhal. The IMF’s fifth mission emphasizes the 2025 budget. As the PM noted, this was the first time the IMF missi... #DenysShmyhal #ElectricityImport #EnergyDecentralization #energyukraine #GasMiningUkraine #HeatingSeasonUkraine #imf
A British oil and gas company will invest in Ukraine’s energy industry, and 10 MW of projects have already been approved. British oil and gas company Cadogan Petroleum plc, which has assets in western Ukraine, announced its intention to accelerate the diversification of its business and move into electricity production. ... #CadoganPetroleum #EnergyInvestments #energyukraine #GasMiningUkraine #GasProductionUkraine
How is Ukraine preparing for winter in anticipation of new energy sector attacks? Russia is preparing for continued missile and drone attacks on Ukraine’s energyinfrastructure, Prime Minister Denys Shmyhal said. At the same time, Ukraine is preparing for the new heating seaso... #DenysShmyhal #ebrd #EnergyRestore #energyukraine #HeatingSeason #Sweden #Ukrenergo
Ukrainian gas storage will be useful to European traders as the transit contract between Ukraine and Russia comes to an end. According head of Naftogaz Oleksiy Chernyshov, Ukraine already has enough gas to meet its own needs, so storage facilities may be available to the EU, which seeks to preserve its reserves ahead of win... #energyukraine #EUgasInUkraine #GasstorageUkraine
Seven biomethane projects with an annual capacity of 111 million cubic meters will be launched in Ukraine by the end of the year. Heorhiy Heletukha, head of the Bioenergy Association of Ukraine, listed these projects at an online event, Biogas and biomethane: Here are the new opportunities for Ukraine’s energy independence... #biomethaneProjectsUkraine #BiomethaneUkraine #energyukraine #GreenEnergyUkraine
The Energy Support Fund of Ukraine has already accumulated €553M: How is the country preparing for the coming brutal winter? Total contributions from international partners to the Energy Support Fund of Ukraine amount to €553M. This year, a significant portion of the funds is directed to purchasing equipment for distributed... #energyukraine #TheEnergySupportFund
Low demand hampers the development of the hydrogen economy: Only 12% of plants have reliable orders. Companies and governments worldwide plan to build almost 1,600 plants for hydrogen production, including green production. This year, Ukraine unveiled its Hydrogen strategy until 2050 legislation and ... #energyukraine #Hydrogen #hydrogeneconomy
The EC outlines six main directions for assistance to the Ukrainian energy industry ahead of winter. European Commissioner for Energy Kadri Simson calls for intensifying efforts to support the Ukrainian energy industry ahead of winter. She noted that the Russian Federation has destroyed or captured a... #EnergyInfrastructure #energyukraine #KadriSimson
The first offshore wind turbines and geothermal stations should appear in Ukraine in a few years. The Cabinet of Ministers has published the National Renewable Energy Action Plan until 2030, which states that the full-scale Russian invasion has resulted in the loss of about 25% of installed renewa... #energyukraine #GeothermalEnergy #RenewableEnergyUkraine #SolarEnergy #WindEnergyUkraine
Ukraine will hold pilot green auctions to attract investors to renewable generation. The Cabinet of Ministers instructed the Ministry of Energy to ensure the organization and conduct of a green auction pilot program to attract investors to renewable generation. The government has adop... #DenysShmyhal #EnergyAuction #energyukraine #RenewableEnergyUkraine #RESinvestments
The share of renewable energy in Ukraine will increase to 27% by 2030, these projects will require $20B in investments. The Cabinet of Ministers approved the National Renewable Energy Action Plan for the period up to 2030 and the planned measures for its implementation. It is anticipated that the share of renewable ene... #energyukraine #GreenENergy #RenewableEnergyUkraine #RESinvestments
Ukraine is switching to solar energy: ₴1B in loans have been issued, and solar panels will be installed on all public buildings. Ukrainian banks have already approved issuing loans for the installation of solar power systems in households worth ₴1B ($25M), said Minister of Energy German Galushchenko. The Ministry emphasized tha... #EnergyIndependence #energyukraine #GermanGalushchenko #RESinvestments #SolarEnergy #SolarPanels
Ukraine will need up to €13B to build a sustainable energy system. Chairman of the Board of Ukrenergo, Volodymyr Kudrytskyi, said that in order to build a power system resistant to possible attacks, Ukraine must build more than 12 GW of capacity in the coming years, ... #ElectricityGeneration #energyukraine #SolarEnergyUkraine #Ukrenergo #VolodymyrKudrytskyi #WindEnergy
Banks have provided ₴3.6B in loans to the energy industry; Japan will help Ukraine build distributed power generation. Since Ukraine’s energy generation capacity restoration programs began, banks have approved loan applications for ₴3.6B. Last week, 20 Ukrainian banks received applications for ₴1.8B under all av... #ElectricityGeneration #EnergyRestore #energyukraine #HeatingSeason #Japan #JICA
Belgium allocates €9M for Ukrainian energy infrastructure, and Ukraine plans to build the first underground hydroelectric power station. The Government of Belgium and the United Nations Development Program (UNDP) concluded a €9M financial agreement, which will be directed to repairing Ukraine’s damaged energy infrastructure. Part... #Belgium #EnergyRestore #energyukraine #Ukrhydroenergo #UNDP
The most challenging period for the energy industry is behind it; the EU is considering increasing Ukraine’s imported electricity. According to the Chairman of the Board of Ukrenergo, Volodymyr Kudrytskyi, “We have every reason to expect that the most difficult period of the summer in the energy industry is behind us.”... #ElectricityDeficitUkraine #energyukraine #ENTSO-E #UkraineElectricityImport #Ukrenergo #VolodymyrKudrytskyi
The Ministry of Energy is rushing to restore energy production capacity. The Ukrainian campaign to repair power units in 2024 will be larger than last year, Minister of Energy German Galushchenko said. “Last year, we restored 3.3 GW of destroyed generation. This year... #ElectricityDeficitUkraine #ElectricityGeneration #EnergyRestore #energyukraine #GermanGalushchenko #UkraineEnergyLosses
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
