👉🏻Legislative initiatives for December 2022 impacting RES producers

IMEPOWER, the EUEA Energy Advisor, prepared the monitoring: "Legislative initiatives for December 2022 impacting RES producers".

In the review, you will learn about the latest adopted laws and registered draft laws of the Verkhovna Rada of Ukraine, decisions and resolutions of the Cabinet of Ministers of Ukraine, and the NEURC.

👥 Guaranteed Buyer published information about the change of management

On January 4, 2023, Andriy Pylypenko was dismissed from the duties of the Director of the Guaranteed Buyer based on the order of the CMU dated December 27, 2022 №1202. In connection with the dismissal of the ex-leader, the CMU temporarily entrusted Artem Nekrasov with the duties of director of the SE "Guaranteed Buyer" on the basis of the order of the CMU of December 27, 2022, №1203. Details.

✔️ The Minister of Finance believes that the state should not provide support to private energy companies

"It is up to the owner to attract funds to private infrastructure. Given the excess profits of companies in previous periods, given the depreciation of this equipment that was destroyed, I think it is the responsibility of the private owner, despite the fact that it was destroyed by war, to find funds for restoration," said Marchenko in an interview with RBC-Ukraine.

According to the head of the Ministry of Finance, the state can help in creating a common method of attracting funds, but should not provide net support. Details.

☀️Due to high energy prices 2022 has become a defining year for the European solar sector and capacity growth has increased by 47%

According to the SolarPower Europe report, 27 EU member states have installed 41.4 GW of new photovoltaic capacity. This is 47% more than in 2021. With a projected annual growth of 29%, this year will also be a very successful one for solar energy in the EU. Germany leads the way: 7.9 GW of new capacity was installed in 2022, followed by Spain (7.5 GW), Poland (4.9 GW), the Netherlands (4 GW) and France (2.7 GW). In 2023, Germany and Spain will maintain their leadership and cross the threshold of 10 GW of new capacity.

According to the average scenario, the years 2023-2026 will be characterized by further high growth of installed solar generation capacities. The EU's ambitious new plans set out in the REPowerEU plan and the need to reduce the current high electricity prices will see the solar sector reach 53.6 GW in 2023.

SolarPower Europe Report.

🟢 For the first time in this autumn-winter period, the city in the Rivne region switched all heating to RES

Dubno (Rivne region) with a population of almost 40,000 residents switched all heating from natural gas to alternative fuels for the first time in the current autumn-winter period, mayor Vasyl Antonyuk said.

This project cost approximately UAH 25 million. Considering the real cost of natural gas, it will pay for itself in three to four years," he said in a comment to a journalist of the Interfax-Ukraine agency. Implementation of the project will allow to reduce CO2 emissions by an average of 37% against the planned 30%, and for individual boiler houses this indicator reaches, for example, 46% and 48.5%. At the same time, the mayor drew attention to the fact that gas communications were preserved in case of a significant drop in air temperature.

Another significant project for the city is the project of comprehensive thermal modernization of educational institutions in the amount of EUR 1.3 million, of which EUR 700,000 were provided by the European Union, and EUR 600,000 were allocated from the city budget.  Details.

💬The Ministry of Energy expects to increase the import of electricity from Europe - Halushchenko

The Ministry of Energy is counting on an increase in the import of electricity from Europe, which has been taking place since the beginning of the year in small volumes thanks to the decision recently adopted by the government, Minister of Energy Herman Halushchenko said, informs "Interfax-Ukraine". 

Halushchenko noted that small imports have been ongoing since January 1 and the Government has made it possible for enterprises to purchase (electricity). This will accordingly affect supply and their possible supply constraint. Regarding the possible volumes of imports, the minister emphasized that they will depend on the situation with repairs and the entry into operation of the energy system of the blocks in the coming days.

🙌🏻Welcome new EUEA member company - GreenFuture Energy!

The company is a developer and investor mainly in solar energy. Based on an international team of specialists, Greenfuture has an interest in acquiring, developing and constructing high-quality projects.

Active mainly in the Polish market for several years, Greenfuture has developed with international investors a pipeline of more than 1GW of projects.

🔥 2022 in RES Sector: the Year in Review

It was a year of battle for survival: survival of the Ukrainian nation, of the economy, and of the energy sector. Although there were months, when things looked gloomy for RES producers, overall, the year ended acceptably, taking into account the fragile state of the economy. The RES producers finished the year with 51% level of FIT payments, with the debts for imbalances, FIT arrears for current and prior years remaining a key question for the industry. Establishing the timeline for covering these arrears payments as well as staying committed to it will be critical for the further growth of the sector.

The EUEA team has prepared the report «2022 in RES Sector: the Year in Review».

We invite you to look through and learn about the situation in the RES market in 2022, key data of the market, that includes: the state of generation of renewables, the electricity market data, as well as the level of payments under the “feed-in” tariff. The review also includes key legislative changes and events, as well as important reports published in 2022.