The largest crisis magnitude in the green energy of Ukraine shutterstock

The largest crisis magnitude in the green energy of Ukraine

Valentina Gembarska

Due to the war, half of RES facilities are under threat of complete or partial destruction

The financial problems of the renewable energy industry in Ukraine, which arose due to the war, can be partially solved by selling clean electricity to the EU.

Such an opinion was expressed by Chairman of the Board of the Solar Energy Association of Ukraine Vladyslav Sokolovskyi.

According to him, it is possible to establish a mandatory percentage of RES in the total volume of exports, which will be sold by Guaranteed Buyer, and then be settled with green generation.

According to him, it would be good to provide green energy companies with special conditions for access to the market one day in advance. Accordingly, such decisions will reduce the burden on Guaranteed Buyer from payments under the green tariff.

At the same time, the financial performance of operating SPPs is adversely affected by the dispatching teams on generation restrictions caused by the need to ensure the reliability of the power system. The volume of SES system restrictions for March-May 2022 is 573 GW-h. In financial terms, 80 million euros or 2.5 billion UAH.

Ukraine managed to achieve significant results in the development of RES. As of the beginning of 2022, the total installed capacity was 9.5 GW, and the amount of investments in the industry reached $12 billion.

Due to the war, half of the RES facilities are under threat of complete or partial destruction - in the areas where active hostilities continue, 47% of the installed capacity of power plants is based on renewable energy sources. Also, many RES stations are located in regions adjacent to military operations. At the same time, investors are in no hurry to invest money, waiting for the stabilization of the situation and an understanding of the further picture of the war.

As EcoPolitic previously reported, russia dealt a powerful blow to Ukrainian green energy and the future of the industry depends on winning, the government's solution to the problems in the electricity market and investors.

Related
Hydrogen producers began to look for next generation solutions in Germany
Hydrogen producers began to look for next generation solutions in Germany

Green hydrogen also requires the creation of an appropriate infrastructure of pipelines

Nuclear energy will help the EU survive the winter and gas blackmail, – Galushchenko
Nuclear energy will help the EU survive the winter and gas blackmail, – Galushchenko

France is ready to politically support the increase in the export of Ukrainian electricity to European countries

How much green energy is needed for the decarbonization of steel in the EU
How much green energy is needed for the decarbonization of steel in the EU

The steel sector is responsible for about 4% of greenhouse gas emissions in Europe

Estonia will receive €3.5 billion from the EU for the implementation of the green transition
Estonia will receive €3.5 billion from the EU for the implementation of the green transition

The partnership agreement will strengthen the economic and social viability of Estonia's coastal communities