GreenENergy

Tuesday, November 5

UWEA: Investors are preparing to create a green energy development fund in Ukraine.

UWEA: Investors are preparing to create a green energy development fund in Ukraine. Preparatory work is underway in Ukraine to create a fund that international financial organizations will finance to stimulate the construction of renewable energy facilities, said Andriy Konechenkov, ...

Wednesday, August 14

The share of renewable energy in Ukraine will increase to 27% by 2030, these projects will require $20B in investments.

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...

Friday, July 19

The world’s energy consumption from all sources is increasing.

The world’s energy consumption from all sources is increasing. The Energy Institute (EI) has released its annual World Energy Statistical Review, which for the first time presents comprehensive global energy data for 2023. The analysis showed that: Total primary ...

Monday, June 24

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...

Wednesday, April 24

Denmark will additionally allocate about €420M to rebuild Ukraine and develop a green energy sector.

Denmark will additionally allocate about €420M to rebuild Ukraine and develop a green energy sector. Ukraine and Denmark signed a memorandum that provides for cooperation with the private sector through the Ukraine Facility mechanism with a system of loans and guarantees within the framework of the E...

Friday, April 12

DTEK Energy Holding plans to add 1.5 GW of green energy to Ukraine’s energy system within three years.

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...

Thursday, April 4

The Zakarpattia Region’s electricity generation is fully provided by its consumer and commercial green energy producers.

The Zakarpattia Region’s electricity generation is fully provided by its consumer and commercial green energy producers. Zakarpattia administrator Viktor Mykyta said: “Now Zakarpattia is among the leaders in the country in terms of the ratio of the number of generating plants for the production of electricity from...

Wednesday, March 20

Oschadbank will join in the construction of a 520 MW wind power plant in western Ukraine.

Oschadbank will join in the construction of a 520 MW wind power plant in western Ukraine. The state bank will take part in implementing a project from the Friendly Wind Technology company to construct a wind farm with a capacity of 520 MW in the west of Ukraine, said the deputy chairman of...

Tuesday, March 5

Ukraine’s government has introduced a global standard for stimulating the construction of new green energy facilities.

Ukraine’s government has introduced a global standard for stimulating the construction of new green energy facilities. The Cabinet of Ministers approved a resolution that improves the auction model for selling green electricity. Instead of a fixed tariff, a contract-for-difference mechanism has been introduced that wi...

Monday, February 12

Fossil fuel remains the leader in Ukrainian energy consumption.

Fossil fuel remains the leader in Ukrainian energy consumption. Gas remains the leader in Ukrainian energy consumption, with 30% of the balance of consumption of Ukrainian energy enterprises. In second place is nuclear energy, which produces 24% of the country’s e...

Friday, January 12

Global green energy capacity has increased by 50%, which will allow climate goals to be achieved by the end of the decade.

Global green energy capacity has increased by 50%, which will allow climate goals to be achieved by the end of the decade. A report from the International Energy Agency notes that the world’s renewable energy production increased by 50% last year to 510 GW. The RES capacity increase set a 22-year record. Such growth...

Wednesday, December 27

IMF: Resources for clean energy will become more expensive.

IMF: Resources for clean energy will become more expensive. In addition to the influence of geopolitical factors, such as the pandemic or the Russian war in Ukraine, which have already pushed prices up on global markets, additional price increases are expected...

Monday, December 4

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.

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. ...

Wednesday, September 27

With the expansion of RES, achieving zero emissions by 2050 is possible.

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...

Monday, September 4

The Guaranteed Buyer is considering the EU market for trade in Ukrainian energy from renewable sources.

The Guaranteed Buyer is considering the EU market for trade in Ukrainian energy from renewable sources. Artem Nekrasov, the head of the state-owned enterprise, Guaranteed Buyer, considers this direction to be promising as, mainly due to the difference in time zones, the Guaranteed Buyer can offer RES e...

Friday, July 14

Global demand for fossil fuels has already reached its peak.

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...

Friday, June 30

Green innovation fund InnovateUkraine starts its work.

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...

Friday, May 26

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 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...

Tuesday, May 23

Poland is building the largest offshore wind farm in the EU.

Poland is building the largest offshore wind farm in the EU. Polish group Orlen has started constructing an onshore substation for the future Baltic Power wind farm in the Baltic Sea, which is scheduled to become operational in 2026. The company plans to start ...

Friday, May 19

Europe is reducing its dependence on China and building its solar panel factory.

Europe is reducing its dependence on China and building its solar panel factory. According to estimates by Holosolis, which will build the facility in France, it will be 70% larger than any currently available in Europe. The plant will start production in 2025 and its designed cap...

Friday, May 5

Ukraine plans to launch the State Fund for Decarbonization and Energy Efficient Transformation.

Ukraine plans to launch the State Fund for Decarbonization and Energy Efficient Transformation. “The creation of the Fund is a signal to international partners that our country is developing according to European principles. This includes the reduction of harmful CO2 emissions and investments in...

Friday, April 28

The world’s longest underwater transmission line will provide Great Britain with green electricity.

The world’s longest underwater transmission line will provide Great Britain with green electricity. Energy companies Octopus Energy from Great Britain and TAQA from Abu Dhabi are investing £30M to construct the world’s longest marine power transmission line with a length of 3,800 km. The proje...

Wednesday, April 26

The EU’s attempt to substitute offshore wind energy for Russian gas is falling short.

The EU’s attempt to substitute offshore wind energy for Russian gas is falling short. European efforts to rapidly scale up offshore wind farms to help cut dependence on Russian natural gas and reduce planet-warming emissions are falling short as developers struggle to deliver completed...

Monday, April 3

Ukraine has developed a concept to support distributed green generation.

Ukraine has developed a concept to support distributed green generation. The Ministry of Energy has developed and will soon publish its concept of the state target program to support distributed generation from renewable energy sources (RES). The program’s purpose is...

Thursday, March 30

Ukraine can become a European hub of sustainable energy,

Ukraine can become a European hub of sustainable energy, said Deputy Energy Minister of Ukraine Yaroslav Demchenkov at the Berlin Energy Transition Dialogue 2023. He emphasized that despite damage to 50% of the energy system’s generation and transport asset...

Wednesday, March 29

The Global Wind Energy Council predicts a breakthrough for the industry in 2023.

The Global Wind Energy Council predicts a breakthrough for the industry in 2023. Wind energy this year will reach a historic milestone with one TW of installed capacity worldwide, the Global Wind Energy Council said in its annual report. It is noted that 2023 will be the beginning...

Wednesday, December 7

Russia’s invasion of Ukraine will lead to a doubling of green energy capacity.

Russia’s invasion of Ukraine will lead to a doubling of green energy capacity. The International Energy Agency (IEA) noted that the global capacity of renewable energy will double over the next five years. Experts predict that worldwide capacity will increase by 2,400 GW to 5,64...

Thursday, September 15

Due to war, 90% of the wind energy capacities in Ukraine have been taken out of operation.

Due to war, 90% of the wind energy capacities in Ukraine have been taken out of operation. According to research from REN21, Russia has also destroyed 30% of the solar energy generation capacity in Ukraine. Before the war, Ukraine had achieved the largest increase in solar and wind energy p...

Wednesday, September 14

Investors have given support to a draft law that allows for the completion of green power plant construction in two years.

Investors have given support to a draft law that allows for the completion of green power plant construction in two years. Renewable energy investors in Ukraine support the draft law developed by the Ministry of Energy, which would provide two years to complete unfinished green energy projects, according to the European-...

Tuesday, July 19

Due to the war, the largest energy holding, DTEK, has lost 70% of its value.

Due to the war, the largest energy holding, DTEK, has lost 70% of its value. According to Forbes, before the war, DTEK Energy generated more than 40% of the group’s revenue, mined 90% of the coal in Ukraine, controlled about 70% of heat generation, and occupied a third o...

Friday, July 8

Ukraine will build a new energy model after the war.

Ukraine will build a new energy model after the war. After the war, Ukraine should not restore the old energy model but build a new, state-of-the-art one, said Minister of Energy German Galushchenko. According to him, it will be necessary to depart fro...

Monday, May 30

The Guaranteed Buyer has announced green energy auctions.

The Guaranteed Buyer has announced green energy auctions. Ukraine’s State Enterprise Guaranteed Buyer invites market participants to participate in auctions to sell green electricity on May 31 and June 1. Guaranteed Buyer announced “We invite all parti...

Thursday, February 3

The EU proposes classifying gas and nuclear energy sustainable (green) under certain conditions.

The EU proposes classifying gas and nuclear energy sustainable (green) under certain conditions. The necessary criteria is that these projects contribute to the “climate neutrality” transition. In addition, nuclear projects must comply with environmental safety standards, and gas projects should ...

Monday, January 24

Ukraine has developed an action plan to develop green energy.

Ukraine has developed an action plan to develop green energy. The State Agency for Energy Efficiency and Energy Saving has developed and submitted the National Action Plan for the Development of Renewable Energy through 2030 for public discussion. The current tr...

Thursday, January 13

“Guaranteed buyer” sold green electricity for almost UAH 1 B.

“Guaranteed buyer” sold green electricity for almost UAH 1 B. On January 11, the Guaranteed Buyer sold nearly 255,000 MWh of electricity from renewable sources (RES) at The Ukraine Energy Exchange auctions. The total amount from the auction brought the company m...

Friday, December 3

Germany is ready to help Ukraine make the energy transition.

Germany is ready to help Ukraine make the energy transition. German companies are prepared to cooperate with Ukraine in the energy sector. Furthermore, the German government is ready to assist in the energy transition, stated the Secretary of State of the Minis...

Thursday, November 18

Manipulation of European funds by Ukrainian officials will be the basis for DTEK Renewables lawsuits in the international courts. The Ukrainian Guaranteed Buyer has acknowledged manual intervention in distributing the European targeted loan to repay debts to green investors, including DTEK Renewables. One result of the Illegal a...

Tuesday, November 16

The “Guaranteed Buyer” paid UAH 16.3 bln ($62 mln) for electricity from renewable sources. The state-owned enterprise has recommenced payment for “green” kilowatt-hours purchased in the past and current years. “Thanks to the joint ef...

Friday, November 5

Edition EcoPolitika has ranked firms that invested in eco-modernization in 2021. The list includes: DTEK Renewables, Clear Energy Group, Regional Gas Company, Ukrteplo Group, MHP, Naftogaz, EDS-Engineering Recycling Solutions, UDP, Renewables, KNESS, announced ecopolitics.com

Friday, June 11

Vindkraft Ukraina is suspending plans to build a 200 MW wind farm in Kherson region this year, because “nobody is funding…everything is in limbo ,” Carl Sturen, company CEO, told Interfax-Ukraine after Wednesday’s press conference. If adopted, the excise tax would cost Vindkraft €3 million a year, he estimated. With the changing rules and moun...

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