✔️ EUEA together with UWEA appealed to the leading institutions regarding the development and financing of the RES industry On July 17, the EUEA together with the UWEA sent a joint letter to such key institutions as: EBRD, the World Bank, IMF, IFC, as well as the Energy Community Secretariat and others. The purpose of the letter was to draw attention to the current situation in the RES sector in Ukraine and highlight several key aspects that are necessary for the further development of the sector. Details and additional information are contained in the letter itself, attached. |
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✔️ The regulator approved the draft decision on approval of the Procedure for registration of wholesale energy market participants The Draft Resolution developed under the enacted REMIT Law. It defines: - the procedure for registering participants in the wholesale energy market;
- a list of information required for registration (registration form);
- the public part of the register of participants of the wholesale energy market, which will be published on the official website of the NEURC;
- maintenance of the register of participants of the wholesale energy market by the NEURC;
- the procedure for excluding a participant of the wholesale energy market from the register of participants of the wholesale energy market.
The draft Resolution has the characteristics of a regulatory act, therefore, in accordance with the approved procedure, the NEURC decided to approve it and publish it on the official website in order to receive comments and suggestions from all interested parties. |
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📌 A biomethane register will be launched in Ukraine The relevant agreements were established in the memorandum of the State Energy Efficiency Agency with the German Energy Agency DENA. According to the SAEE, it is expected that the register should become operational already this year. DENA is ready to provide practical assistance in the implementation of the mechanism for issuing guarantees of origin of biomethane in accordance with the EU standard CEN-EN 16325, by fully launching the biomethane register. The register will be based on the work of the SAEE, which was started together with specialists of the Ministry of Energy, and software from Biogasregister Deutschland, recognized as a leader in the EU in this area. That is why guarantees of the origin of biomethane will fully meet all the requirements of Ukrainian and European legislation. |
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👉🏻After a long break, Ukraine exports electricity again After a break of more than a month, the export of electricity was resumed: on Tuesday, July 18, and Wednesday, July 19, electricity was exported to Moldova with a capacity of 67 MW. During the daytime, when consumption in the country is not yet at its maximum, solar power plants are actively operating. Thanks to this, energy companies have the opportunity to export the surplus during the daytime hours of the day, earning funds for the restoration of the energy system, emphasizes Ukrenergo. |
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👉🏻The Cabinet of Ministers approved an experimental project to restore the Kakhovska HPP on the Dnipro river Agreed to the proposal of the Ministry of Economics and Ukrhydroenergo regarding the implementation of the 2-year experimental project "Construction of the Kakhov hydroelectric power plant on the Dnipro River. Reconstruction after the destruction of the Kakhovska HPP and ensuring the stable operation of the Dniprovska HPP during the reconstruction period." The procedure for the implementation of the experimental project was approved. It is foreseen that the financing of the experimental project can be carried out at the expense of Ukrhydroenergo funds, loan funds and other sources not prohibited by law. According to Ukrhydroenergo, physical reconstruction will last 6-7 years. |
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📌Ukraine started importing electricity from Poland through Khmelnytskyi NPP - Rzeszów "On Sunday, July 16, electricity was imported from Poland to Ukraine through the interstate power transmission line, which Ukrenergo successfully modernized and turned on in May 2023," says the message of the Ukrenergo NPC. The power system received an additional 800 MW of power during the peak consumption period - from 8:00 p.m. to 11:00 p.m. In addition, imports from Slovakia and Moldova continued during the day with a maximum capacity of up to 350 MW, mainly during the day and evening hours. Details. |
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✔️The North Ukrainian nuclear scientific hub will be built in Slavutych The purpose of the hub is to create conditions for the development of the scientific and business component of nuclear power, as well as the search for solutions for the development of "green" energy in Ukraine. "The hub will allow to combine the efforts of scientific research institutes, educational institutions and energy companies in the creation of new projects of nuclear power plants, solving problems of safety of their operation, development of related infrastructure," the Telegram channel of NAEC "Energoatom" reports. The company added that the construction of such a center will contribute to the development of the Chornobyl NPP, the search for ways to further use alienated territories, and the development of "green" energy based on the closed power plant. Details.. |
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✔️Ukrenergo will receive $240 million from the World Bank to restore the energy system Ukrenergo, together with the Ministry of Energy and the Ministry of Finance, signed two agreements with the World Bank (IBRD) on the allocation of grant aid to the company. The first agreement - grant funds from the German Government will be directed to the purchase and installation of special devices that increase the stable operation of the Ukrainian power system - STATCOM. Another document specifies the transfer of aid to Ukrenergo for the purchase of special equipment, autotransformers and other high-voltage equipment that was damaged by Russian missiles and drones. |
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🤝Fitch confirmed the probable default of the Ukrainian energy company The Fitch Ratings agency confirmed the long-term default rating for the NEC Ukrenergo electricity system company at the CC level (probable default) and the priority unsecured rating of its $825M in state-guaranteed Eurobonds at the CC level with a recovery rating of RR4. The agency believes that electricity consumption in Ukraine will recover somewhat in 2023 and further in 2024 compared to 2022. At the same time, it will remain much lower than the pre-war level, limiting Ukrenergo’s electricity transmission income, network maintenance and reconstruction, and implementation of its development projects to improve interregional communication and interconnectors with EU countries. Capital investments are expected to double in 2023 and 2024 compared to a low average of UAH 1.8B in 2020-2022. Fitch draws attention to Ukrenergo’s responsible for maintaining and restoring the country’s power grid during the war, which absorbs the company’s available resources and complicates their liquidity issue. Details. |
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👉🏻GIZ will finance the installation of SPPs for 3 medical facilities in Kyiv GIZ is introducing a project to install autonomous solar power plants for uninterrupted power supply to Kyiv hospitals. SPPs will be installed in one of the city's clinical hospitals, a maternity hospital, and a perinatal center. Financing will be provided by GIZ with grant funds, the total cost of the project is EUR 500,000. |
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💲The National Bank is implementing an energy management system The regulator approved the Energy Policy Declaration, which defines the NBU's main intentions, areas of activity and commitments regarding energy performance, as well as the plan of measures for 2023-2024. The National Bank of Ukraine is already carrying out a number of initiatives aimed at economical and rational use of energy resources. Details. |
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💲Save the date: Forum on Renewable Gases in Ukraine! Vienna, September 27, 10:00 - 18:00 CET. Don't miss this incredible opportunity to learn about the latest advancements in renewable energy and the future of gases in Ukraine! Mark your calendars and stay tuned for more updates. Details. |
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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. EUEAMembers: Acciona, Beycelik-Elawan Renewable Energy LLС, CES, DTEK Renewables, EMERGY AS, EMSOLT, Electrum, Elementum Energy, Eurocape Ukraine, Fichtner, Goldbeck Solar, GOLAW, Guris, Green Genius, Green Future, GrECo Ukraine, GSE&C, iC consulenten, IMEPOWER, Indian Solar, Investment Fund for Developing Countries, Irshanska SES, Khmelnytsky Bio Power Plant, NOTUS Energy, Scatec Solar, Sfera, Sumitomo, SPP Development Ukraine, Thermosystems, TIU Canada, Ukrwindinvestments. |
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