The construction of 300 MW of wind power capacity for 5 companies was blocked shutterstock

The construction of 300 MW of wind power capacity for 5 companies was blocked

Katerina Belousova

These projects would significantly strengthen Ukraine's energy security already in 2023

The head of the parliamentary committee on energy and communal services (CEC) Andrii Gerus blocked the resumption of construction of more than 300 MW of wind power capacity for 5 companies, including 3 foreign ones.

At the committee meeting, an amendment was removed from draft law No. 7605 on optimization of forced expropriation and seizure of property under the conditions of martial law, which would allow for the completion of already started wind energy projects in the next 6-12 months, a member of the committee on economic development Lyudmila Buimister reported on Facebook.

Buimister noted that the amendment was made on her initiative.

"The committee was urgently summoned to a meeting to remove my amendment from the draft law. Not least thanks to the infamous Andrii Gerus, head of the CEC committee. He has been creating problems for investors in renewable energy with great zeal for years, and he didn't hold back this time either," she writes.

There are at least 5 companies in the active stage of construction with pre-purchased equipment that want to finish the started wind farm projects:

  • VR Global (Elementum Energy), USA, Dniester wind farm – 60 MW;
  • GoldWind, China, South-Ukrainian wind farm – 53 MW;
  • Exim Energy, Turkey, Skolivska wind farm – 60 MW.
  • DTEK, Ukraine, Tyligulska WPP – 88 MW;
  • "EkoOptima", Ukraine, Hirska wind farm – 55 MW.

Buimister emphasized that these projects would significantly strengthen Ukraine's energy security already in 2023 and would allow the state to earn more from the export of green current, which is premium for the EU.

On the European market, electricity prices reach €400-450-500 per MWh, and Ukraine could sell green energy for €88 per MWh.

"So far, we can receive excess profits from exports, because the price of electricity in Ukraine is restrained by price caps. But in order to pass the OZP, the authorities will be forced to increase the price caps to the level of €100 or even higher. Because all traditional energy resources – gas, coal, oil – now cost crazy money. Even taking into account the devaluation of the hryvnia," said the Buimister

Currently, the green energy is the most stable and, despite the global situation, provides electricity at stable prices.

As EcoPolitic reported before, the financial problems of the renewable energy industry in Ukraine, which have matured due to the war, can be partially resolved method of selling clean electricity to the EU.

Related
Spanish company receives €7 million to produce green energy from waves
Spanish company receives €7 million to produce green energy from waves

This will contribute to the achievement of the EU's ocean energy targets

Global investment in climate technology has fallen to the lowest level in 5 years
Global investment in climate technology has fallen to the lowest level in 5 years

Investments in climate technologies accounted for more than 11% of the total startup investment market

The Czech Republic plans to invest €12 million in Ukrainian biomass boilers
The Czech Republic plans to invest €12 million in Ukrainian biomass boilers

The State Energy Efficiency Agency is working on removing barriers for producers of heat from alternative fuels

Cancellation of the green tariff is an economic nuclear bomb – the expert
Cancellation of the green tariff is an economic nuclear bomb – the expert

The current hostile environment for investors may not attract partners