The EU plans to cut energy imports by €45B by the end of the year. The European Commission is set to present a plan to support European industry, which is struggling with weak demand, cheap imports and higher energy costs than in the US and China. The initiative incl... #EnergyIndependence #EuropeanCommission #FossilFuels #RenewableEnergy #RussianOil
A historical precedent: Wind overtakes gas in UK electricity generation. For the first time in history, wind turbines provide more electricity in the UK than gas-fired power stations. Last year, wind power accounted for 29% of the country’s total energy mix, while gas-fire... #gaselectricity #GreatBritain #RenewableEnergy #WindEnergy
The war against Ukraine has changed the world’s energy priorities; coal use will reach a new high due to the gas crisis. According to the IEA, in 2024 the world’s coal use will reach a new high of 8.7 billion tons and remain at a high level for several years. The cause is the Russian-Ukrainian war, which has led t... #China #Coal #EnergyCrisis #IEA #RenewableEnergy
A Canadian company will acquire several solar power plant in Ivano-Frankivsk, increasing its Ukrainian portfolio to seven plants. The Antimonopoly Committee of Ukraine has granted permission to TIU 1, part of the Canadian group TIU Canada, to acquire control over four solar power plants in Ivano-Frankivsk. The company will acqui... #investments #IvanoFrankivsk #RenewableEnergy #RESinvestments #SolarEnergyUkraine #SPPdevelopmentUkraine #TIUcanada
Ukrainian household solar power generation capacity exceeds 1.5 GW: Where has the most been installed? The total capacity of solar power generation installed by private households in Ukraine has already exceeded 1.5 GW. The regions have published data on the number of installed installations. Still, in... #ElectricityGeneration #EnergyIndependence #RenewableEnergy #SolarEnergyUkraine
Since the beginning of the full-scale war, the EBRD has invested €2B in Ukrainian energy and is ready to continue. EBRD representative Olha Yeromina reported that since the beginning of the full-scale war, the bank has invested approximately €5B in Ukraine and approximately €2B to implement energy projects, partic... #ebrd #energyukraine #investments #RenewableEnergy #RESinvestments
What is preventing the construction of new renewable energy capacities in Ukraine? The accumulation of debt owed to producers in the renewable energy sector hinders the construction of new capacities, which are critically important for overcoming Ukraine’s electricity shortage... #GreenEnergyUkraine #GuaranteedBuyer #RenewableEnergy #RESinvestments
Ukraine must stop the accumulation of debts in green energy payments because it harms investment. The situation with debt in the renewable energy market is still critical, so the state should find ways to solve this problem and prevent it from becoming an obstacle to attracting investment in the g... #energyukraine #GreenEnergyUkraine #GuaranteedBuyer #RenewableEnergy #RESinvestments #Ukrenergo
WPPs are expanding their footprint in Ukraine: State and private companies plan to launch two 600 MW plants in the Ternopil and Vinnytsia regions. State enterprise Naftogaz Bioenergy is studying the possibility of building a wind power plant in the Ternopil region. A draft memorandum has been prepared that outlines cooperation between the Saranc... #DTEK #NaftogazBioenergy #RenewableEnergy #RESinvestments #TyligulskaWindPowerPlant #WindEnergy
For the first time, a green auction will be held in Ukraine to stimulate renewable energy development. For the first time in Ukraine, state-owned enterprise Guaranteed Buyer has announced an online auction on October 31 to distribute support quotas for enterprises producing electricity using alternativ... #GuaranteedBuyer #RenewableEnergy #RESinvestments #UkraineEnergy #UkraineGreenEnergy
Ukraine should prioritize the development of green energy to attract investment. Ukraine should prioritize the development of green energy with specific decisions and actions that will stimulate investors to invest in this industry and reduce the energy deficit, said the top manag... #energyukraine #NotusEnergy #RenewableEnergy #RESinvestments
Solar energy capacity is growing at a record pace, exceeding experts’ forecasts. According to energy think tank Ember, 593 GW of solar generating capacity will be added by the end of the year, 29% more than last year. These figures are almost 200 GW higher than the International E... #alternativeenergy #RenewableEnergy #RESinvestments #SolarEnergy
Ukrainian and Czech companies jointly launch a €75M wind farm, western Ukraine’s largest. Total investment in the Skoliv wind power plant, built in the mountainous area of the Lviv region with a 54.6 MW capacity, amounts to €75M. Ukrainian company Eko Optima and Czech MND implemented the... #EkoOptima #RenewableEnergy #RESinvestments #SkolivWindPowerPlant #WindEnergyUkraine
The largest banks in Ukraine have agreed on preferential lending to restore energy infrastructure; they will finance projects up to €25M. During a banking forum, 17 of Ukraine’s largest banks signed a memorandum on preferential lending for energy infrastructure restoration projects. The memorandum was signed by banks whose net ass... #EnergyRestore #Lending #LoansforBusiness #PiraeusBank #PiraeusBankUkraine #RenewableEnergy #UkraineEnergy #UkrainianBanks
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
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... #EnergyIndependence #GeoffreyPyatt #hydrogenEnergy #RenewableEnergy #UkraineEnergy #URC2024
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... #ElectricCars #EnergyInvestments #FatihBirol #FossilFuels #IEA #RenewableEnergy
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... #BioGas #BiomassEnergy #ClearEnergy #RenewableEnergy #UkraineEnergy
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
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... #DTEK #FriendlyWindTechnology #RenewableEnergy #TyligulskaWindPowerPlant #WindPowerPlant
Ukraine is working on two projects with the capacity to produce up to 1,700 MW of pure hydrogen. Among the most developed hydrogen projects in Ukraine is the H2U Hydrogen Valley project, which is being implemented by the Voden Ukrainy company. Two renewable hydrogen plant valleys are being create... #H2U #Hydrogen #HydrogenProduction #RenewableEnergy
The government allows the export of green electricity to the EU. The Cabinet of Ministers of Ukraine approved a resolution enabling the state enterprise Guaranteed Buyer to sell electricity purchased from producers utilizing renewable energy sources (RES) not only ... #ElectricityExports #GermanGalushchenko #GreenEnergyUkraine #GuaranteedBuyer #RenewableEnergy #RESinvestments
Ukraine’s producers and consumers of green energy have received guarantees that will increase investment attractiveness and export potential. Green electricity production can benefit both RES owners and industrialists. A government resolution regulating the procedure for fixing guarantees to create green energy should make investment more a... #ElectricityProduction #energyukraine #GreenEnergyUkraine #RenewableEnergy #RESinvestments
Ukraine launched over 660 MW of new RES capacity in two years. According to Minister of Energy Herman Halushchenko, Ukrainian energy companies built about 312 MW of new RES capacity in 2022 and almost 350 MW in 2023. These figures include solar, wind, biogas, and... #energyukraine #GermanGalushchenko #RenewableEnergy #SolarEnergyUkraine #WindEnergyUkraine
A relocated company is launching a wind farm in Transcarpathia. As Olha Poshtak, the top manager of the Friendly Wind Technology company reported: “The installation of the first wind turbine of the Ostrovsky wind farm, located in the Nizhnyovoritsk community... #BusinessRelocation #FriendlyWindTechnology #RenewableEnergy #WindEnergyUkraine
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... #COP28 #GreenENergy #IEA #RenewableEnergy #SolarEnergy
Ukraine and Japan are increasing their trade volume and planning to cooperate in renewable energy. Trade between the countries averaged $1.5B per year. At the beginning of the full-scale invasion, trade volume decreased to half of the current indicator. Still, in 2023 it increased, approaching almo... #JapanandUkraine #RenewableEnergy #SerhiyKorsunskyi #UkraineEconomy #UkraineTrade
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... #ClimateChange #GreenENergy #IEA #imf #RenewableEnergy
During the war, three wind power plants with a total capacity of over 200 MW have been built in Ukraine. Chairman of the Board of the Ukrainian Wind Energy Association (UWEA) Andriy Konechenkov clarified: these are the Tyligul wind farm of DTEK (114 MW, Mykolaiv region), the 60 MW second stage of Element... #DTEK #RenewableEnergy #TyligulskaWindPowerPlant #WindEnergyUkraine
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. ... #FossilFuels #GreenENergy #RenewableEnergy #RESinvestments
A new wind power plant will be built in the Poltava region. DTEK Renewables has started pre-design works for the Poltavska Wind Power Plant (WPP), which will be in the Hlobyne town community in the Poltava region. The company noted that they continue to streng... #DTEK #energyukraine #RenewableEnergy #WindEnergyUkraine
The state’s debt to green energy producers has increased to ₴30B. State-owned Ukrenergo’s debt to renewable energy producers under the green tariff has reached ₴29.9B ($820M), reported the Guaranteed Buyer. As of August 1, the company’s debt to the Guaranteed ... #GreenEnergyUkraine #GuaranteedBuyer #RenewableEnergy #Ukrenergo
As EU gas prices rise again, the IEA predicts a demand decline for blue fuel until 2026. The spot price of gas in Europe on Tuesday exceeded the mark of $500 per thousand cubic meters for the first time since the beginning of April. The day-ahead contract on the TTF platform in the Nether... #EUgasPrices #FossilFuels #IEA #RenewableEnergy
A Ukrainian private energy company is building power plants in the EU. DTEK Group Holding plans to complete the construction of the Ruginoasa wind farm in Romania by the end of the year, which is the first project by DTEK Renewables in Europe. Also, the company has large... #DTEKEnergy #MaximTimchenko #RenewableEnergy #RinatAkhmetov #WindEnergy
If Europe invests €2T in RES, it could become energy self-sufficient. By investing in solar, wind, and other renewable sources, Europe could abandon fossil fuels and create a self-sustaining energy sector by 2040. To achieve this goal, the continent will need an annual ... #FossilFuels #GreenEnergyEU #RenewableEnergy #RESinvestments
Ukraine’s wind generation potential is 140 GW. International companies are interested in investing in the industry’s development, said Minister of Energy German Galushchenko. He noted that Ukraine lost about 80% of wind generation capacity b... #energyukraine #GermanGalushchenko #RenewableEnergy #WindEnergyUkraine
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... #GreenENergy #GuaranteedBuyer #RenewableEnergy #UkraineEnergyExport
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
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
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
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 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
The state has again increased its debt to producers of green electricity. In April, Ukraine’s debt to RES suppliers grew by 10% and exceeds UAH 18B ($491M), according to data from the state-owned enterprise, Guaranteed Buyer. As of May 22, the state company purchased 2.3 mi... #energyukraine #GreenEnergyUkraine #GuaranteedBuyer #RenewableEnergy #Ukrenergo
Ukraine and Germany have launched a powerful €2M green recovery project. A joint Ukrainian-German project, the Renewable Energy Sources for a Sustainable Ukraine – R2U, has been undertaken to benefit Ukrainian communities. This is the first stage, involving the imple... #R2Uproject #RenewableEnergy #SolarEnergyUkraine #UkraineEnergy
Ukraine’s new energy strategy is based on nuclear power plants and renewable sources. On May 1, the Cabinet of Ministers approved the new Energy Strategy of Ukraine until 2050, with the intent of becoming carbon neutral by 2050. This means reducing the use of coal and focusing on devel... #NuclearEnergyUkraine #RenewableEnergy #UkraineEnergy
Renewable Energy market of Ukraine before and after the war. Ukraine’s green path to energy independence and investment opportunities for foreign partners. Renewable energy began being actively developed in Ukraine after 2014 – at the end of the yea... #Energy #energyukraine #RenewableEnergy #RenewableEnergyUkraine #SolarEnergyUkraine #WindEnergy #WindEnergyUkraine
A global oil and gas giant predicts a quick transition to clean energy against the backdrop of Russia’s war against Ukraine. According to the multinational oil and gas company BP, Russia’s war against Ukraine will put pressure on long-term energy demand and accelerate the world’s transition to RES and low-carbon... #BernardLooney #BP #RenewableEnergy
A new solar power plant in western Ukraine was opened in December. A new solar power plant (SPP) with a capacity of 996 kW has been put into operation in the Kamianka-Buzka community in the Lviv region. The power plant is located on a plot of land with a total area o... #Energoinvest #RenewableEnergy #SolarEnergyUkraine
The IEA has announced the beginning of a new industrial era. The International Energy Agency believes that the world is entering a new industrial era, which will be based on the production of environmentally friendly technologies. The IEA report covers wind tur... #EcologicalTechnologies #FatihBirol #IEA #RenewableEnergy
Russian energy exports will never return to pre-war levels. The war in Ukraine and the global energy crisis will be a turning point for the global energy market. According to an IEA survey, Russian energy exports will never return to the levels of 2021 and, b... #GlobalEnergyCrisis #RenewableEnergy #RussianEnergyExport
