Market news as of November 25, 2022

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📊 Payments of the Guaranteed Buyer to RES producers

In October, the level of payment for "green" electricity was 73%, which is the highest indicator since March 2022. On November 23, GB made an advance payment for 10 days of November 2022 at 99%. The cumulative percentage of payments before RES for 2022 is - 51.1%.

The debt of "Ukrenergo" to GB for the service of increasing the share of RES amounts to UAH 12.1 billion. Details.


📌NEURC intends to cut funding to Ukrenergo for 2023

Against the background of critical damage to the infrastructure of NPC "Ukrenergo", the NEURC plans to reduce the transmission tariff, which was previously agreed upon last week.

Today, the Regulator plans to adopt a resolution based on the results of the audit of Ukrenergo's activities for 2021. During the inspection, the Regulator found a number of violations by the licensee of the norms of activity and decided to consider the funds received from the placement of Eurobonds in 2021 as additional income. The version of the draft resolution, published today, provides for a reduction of the transmission tariff for 2023 by the amount of UAH 8 billion.

Reminder: today the EUEA sent you a letter with comments to the NEURC regarding the establishment of the transmission tariff for 2023 for your approval. Comments are acceptable by November 28 at 12:00 p.m.


✔️ The EBRD and the Netherlands will provide Ukrenergo with EUR 372 million for the repair of energy facilities

The European Bank for Reconstruction and Development has approved a financing package in the amount of 372 million euros to support the company "Ukrenergo" in order to quickly eliminate the damage caused by russian missile strikes. This is stated in the EBRD statement.


⚡️The EBRD will guarantee lending to critical sectors of Ukraine

The European Bank for Reconstruction and Development (EBRD) is supporting agribusiness and other critical industries in Ukraine by issuing risk-sharing instruments to three local banks and a leasing company.

The facilities will back up to 50% of the credit risk of €200 million in newly originated financing which is being provided by OTP Leasing (€80 million), Credit Agricole (€50 million), ProCredit Bank (€40 million) and OTP Bank (€30 million), subject to a portfolio cap of 50%. The guarantees follow similar facilities signed in May 2022, and bring the total volume of enabled financing to €253 million since the start of the war.

The EBRD’s risk-sharing instruments will help these local financiers lend to Ukrainian private companies operating in critical industries such as primary agriculture and agricultural services, food processing, transport and logistics, retail and pharmaceuticals. They will also help to safeguard food security and preserve livelihoods in Ukraine, where core economic sectors have been severely impacted by Russia’s invasion on 24 February 2022.


✔️Those who will be the first to invest in Ukraine will benefit the most in the future - Denys Shmyhal

As the Prime Minister of Ukraine noted, every reconstruction begins with investments. So for Ukraine, the following directions are priorities: the security sector and the military industry, the agricultural sector, energy, the IT sector, new infrastructure and reconstruction projects.

"And the most important thing. Ukraine is on the way to becoming part of the EU in the future. Those who are the first to invest in our country will benefit the most in the future. Insurance of military risks arouses the greatest interest among potential investors. Ukraine is working on it. In particular, the World Bank is ready to support investments in the Ukrainian economy," — noted Denys Shmyhal.


⚡️ DTEK RES is working on the restoration of the Trifonivskaya SPP in the Kherson region

The Trifonivskaya SPP has already been freed from the occupiers, the station became the first enterprise of DTEK RES, over which the company regains control after the temporary occupation of the territories of the Kherson region by russia.

The SPP has stopped working since the beginning of the occupation of the Kherson region. According to preliminary estimates, the russian invaders damaged about 10% of the solar panels.

Currently, every megawatt is important for the maintenance of Ukraine's energy system. The capacity of the Trifonivska SPP is 10 MW. Therefore, its work will in a certain way reduce the duration of power outages in populated areas in winter. Resource.

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December 7, 2022 - Ukraine’s economy: stabilisation, rebuilding and the role of the EBRD. Watch it live on EBRD's LinkedIn page. The event, to be held virtually, will consist of two panels of approximately 1h each.


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Sincerely,

EUEA Team
Dorogozhytska str., 3, UNIT City, building B9, office 5, Kyiv, Ukraine
Mobile (WhatsApp): +38 091 331 0010

mailto: office@euea-energyagency.org   

Established in November 2009, European-Ukrainian Energy Agency (EUEA) has grown into an effective advocate for the realization of Ukraine’s massive renewable energy and energy efficiency potential, by working within Ukraine’s business community, government structures, and with other key energy market stakeholders.

Members of EUEA: 

Acciona, Arzinger, Beycelik-Elawan Renewable Energy LLС, CCT Energy, CES, DTEK, EMERGY AS, EMSOLT, Electrum, Elementum Energy, Eurocape, GOLAW, Guris, Green Genius, GrECo Ukraine, GSE&C, Huawei, iC consulenten, IMEPOWER, Indian Solar, IRUN Engineering, Investment Fund For Developing Countries, Irshanska SES, Khmelnytsky Bio Power Plant, Met Energy, Scatec, Schneider Electric Ukraine, Sfera, Sungrow, West Solar, Terra Solar, Thermosystems, TIU Canada, Total Eren, Ukraine Power Resources, Ukrwindinvestments.


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