📨RES Associations sent proposals to the NEURC regarding the transmission tariff for 2023 On November 28, 2022, the joint letter with proposals and comments on the draft resolution of the NEURC “On setting the tariff for electricity transmission services of the NPC «Ukrenergo» was sent by EUEA, UWEA, and UARE. The key proposals relate to the reduction of costs for the transmission tariff in the amount of UAH 8,318,274 which corresponds to the amount of funds received by Ukrenergo from the placement of Eurobonds in 2021. Original letter. |
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⚡️On December 1, during the webinar of the Polish Investment and Trade Agency “Industry consultations: energy sector”, Kateryna Polyakova, director of the EUEA, presented the Association and outlined the dynamics of RES development in Ukraine, the market model, its current situation and future trends in the development of the RES sector in Ukraine. The EUEA believes that the following market mechanisms will drive the development of the RES sector during the reconstruction of Ukraine:
➖ Power export opportunities driven by the expansion of the interconnection with the EU (up to 6 GW by 2032 in accordance with the National Reconstruction Plan).
➖ cPPA legislation implementation – long-term direct sale contracts between producers and large industrial consumers.
➖ Hydrogen test production launch and further EU hydrogen projects implementation in Ukraine.
➖ Energy storage market development (up to 2GW of installed capacity is expected by 2032 in accordance with the National Reconstruction Plan). Details. |
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✅"Ukrhydroenergo" presented a "pilot" project on hydrogen production The state company "Ukrhydroenergo" presented a "pilot" project for the production of green hydrogen on the basis of the Dnipro HPP, which will allow the production of 210 m3 of "green" hydrogen per hour. The company is currently developing a project at the Dnipro HPP, the nominal capacity of which will be 1 MW. Earlier, Ukrhydroenergo signed a Memorandum of Understanding between the German multinational MAN Energy Solutions and the global supplier of equipment and services for hydroelectric power plants ANDRYTZ HYDRO regarding the development and implementation of projects for the production of "green" hydrogen in Ukraine. |
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💲 Ukrenergo received EUR 300 million from the EBRD and the Netherlands in debt financing and plans to spend 150 million to fulfill financial obligations in the electricity market Ukrenergo attracted EUR 300 million in loan funds from the European Bank for Reconstruction and Development (EBRD), as well as EUR 72 million in grant funds from the Netherlands to restore networks and increase the company's financial stability, the TSO reports. According to Ukrenergo: - EUR 150 million of EBRD loan funds and EUR 72 million of the grant will be directed to the purchase of equipment that is urgently needed for substations that have suffered massive russian missile attacks. - EUR 150 million of the EBRD loan will be used to fulfill the company's financial obligations in the electricity market in terms of non-payments that have arisen in the market due to the war. |
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✔️ Ukraine and Great Britain are working on the implementation of war risk insurance instruments Work is underway to develop mechanisms for accelerating attraction of British investments in major defense, energy and infrastructure projects. This was discussed during a meeting between First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko and Chief Executive Officer of the UK Export Finance (UKEF) Samir Parkash. Ukraine continues to consistently implement projects to be financed by the UKEF. During the meeting, the parties paid special attention war risk insurance mechanisms. They discussed in detail the instruments of war risk insurance provided by the UKEF, which would facilitate investments in Ukraine. Details. |
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✅In a few months Ukraine will present completed investment projects for financial market leaders – Yuliia Svyrydenko The creation of a reliable and comprehensive infrastructure for attracting investments, including borrower risk insurance, would boost the interest of private investors in Ukraine. This was discussed during the meeting between First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko and Chief Executive Officer of the London Stock Exchange Julia Hoggett on November 28. The meeting took place as part of the visit of the Ukrainian delegation to the United Kingdom. “Risk insurance, proper modeling and the use of reliable institutions will be the key to ensuring that the interest of private investors in Ukraine can be realized as early as possible. Our British partners, the London Stock Exchange, are interested in becoming a platform for dialogue between private investors and Ukraine,” said Yuliia Svyrydenko. The parties also discussed other areas of cooperation, in particular, the involvement of the UK financial market in the Advantage Ukraine initiative. Details. |
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👉🏻The government appointed Kubrakov as the Deputy Prime Minister for the Reconstruction of Ukraine The Verkhovna Rada of Ukraine appointed Oleksandr Kubrakov to the post of Deputy Prime Minister for the Reconstruction of Ukraine - Minister of Community Development, Territories and Infrastructure. |
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⚡️ The EU and its partners will create a structure for managing the frozen assets of the russian federation The European Union, together with its partners, will develop a plan to confiscate frozen russian assets, in order to later transfer them to the reconstruction of Ukraine and to compensate for the losses caused by the russian federation during the invasion. Damages caused to Ukraine are estimated at EUR 600 billion. russia and its oligarchs should compensate Ukraine for damages and cover the costs of rebuilding the country," Von der Leyen stressed. She also said that EUR 300 billion of reserves of the russian central bank are currently blocked, as well as frozen funds of russian oligarchs for EUR 19 billion euros. |
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On December 7, 2022 - the European Association for Energy Storage will host a webinar on the change of electricity market design. Registration. How do we make sure #energystorage can support achieving carbon-neutral security of supply, help reach renewable targets, while having sufficient revenue streams to operate in a competitive market? |
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EUEA Silver Sponsors 2022 |
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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 |
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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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