EUEA Weekly Newsletter

Monthly Newsletter: RES Market News and Reviews - May 2023

Events: EUEA events & our recommendations

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Upcoming EUEA Members-Only Discussion: Insurance of Green Projects in Ukraine

EUEA will hold an online discussion focusing on the insurance of green projects in Ukraine. This internal session aims to facilitate an exchange of experiences and insights into the current landscape of insuring renewable energy projects in Ukraine, as well as exploring options for war-related guarantees.

Our speakers for this event are:

Laukart Alexander, General Manager at GrECo Ukraine Risk Insurance Management
Anzhelika Livitska, Partner at Arzinger Law Firm, EUEA Board Member

The discussion will center around the following key topics:

Assessing the impact of the large-scale invasion of Russia on the insurance market in Ukraine.
Understanding the changes within the Ukrainian insurance market and its current status.
Exploring the current situation and opportunities available in international reinsurance.
Evaluating the feasibility of military risk insurance amidst present circumstances.
Identifying insurance possibilities for companies operating within the renewable energy sector.
Delving into the legal aspects surrounding insurance practices.

We highly encourage our members to submit questions they would like addressed during the discussion beforehand via office@euea-energyagency.org. Your participation will enrich the dialogue and ensure that relevant issues are thoroughly explored.

Date and Time: 26.03 at 11:00 (Kyiv time)

Location: Online via Zoom

Connect via link

EUEA held the event "Green, Affordable Housing for Ukraine" on March 14

During the event, the SMARTER4EU project was presented as it aims to develop a green certification system for residential buildings in Ukraine and develop financial support for such projects.

Speakers included Pat Cox, former President of the European parliament (2002-2004), Iryna Sukhodub from EUEA’s member company iC consulentent Ukraine and representatives from Habitat for Humanity, EnerSave, and Association "Energy-Efficient Cities of Ukraine".

More about EUEA's role in the project

Panel discussion on RES guarantees of origin on March 21

UN Global Compact in Ukraine together with ExPro will hold the online panel discussion "Guarantees of origin as a tool for financing the green transition. The current state of implementation of the GP system in Ukraine", within the framework of the Ukraine Energy Initiative.

The event will bring together experts from Energy Regulator, Market Operator, State Agency on Energy Efficiency, KNESS, DTEK RES, and others.

The event will take place on March 21 at 12:00 online via Zoom.

Register

EUEA recommends to attend

IMPORTANT RES and EE SECTOR NEWS

Energy Regulator concluded an agreement with the Finnish company Grexel and the USAID Energy Security Project to develop the Ukrainian electronic register of guarantees of origin of electricity produced from RES.

EUEA has submitted a joint letter to the Regulator to express opposition to the proposed initiative to reduce fines for delayed payments by individual market players. EUEA has also provided its own proposals in response. This initiative raises concerns as it could potentially create an imbalance in the distribution of debt among various groups of market participants, with certain groups remaining subject to unchanged fine amounts. Other RES associations have lent their support to this letter, which is included in the attached newsletter.

The Ukrainian Government has approved the Plan for the Implementation of the Ukraine Facility program, featuring over 100 quarterly indicators for strategic reforms. Notably, energy sector reforms prioritize RES development and energy efficiency. However, EUEA alredy raised the concerns over separating the renewable energy surcharge from the transmission tariff as it was mentioned in the Plan draft. The final text of the document is not published yet.

SUPPORT VOLUNTEERS IN UKRAINE

✔️Leleka Foundation

Leleka Foundation, a 501(c)(3) non-profit organization, in the time of the full-blown Russia's war against Ukraine in 2022, the foundation is focusing on the urgent supply of critical medical supplies to Ukraine’s defenders and civilians.

DONATE

✔️UAnimals

The humanitarian movement UAnimals was created in 2016. The UAnimals team started their activities by fighting animal exploitation in circuses on a large scale. Since the beginning of the full-scale war UAnimals team has actively been helping animals within war zones: evacuate, and provide feed and medicines for shelters. UAnimals team has begun rebuilding animal shelter facilities that were affected by the Russian aggression.

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Sincerely,

EUEA Team

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, CES, DTEK Renewables, EMERGY AS, EMSOLT, Elementum Energy, Eurocape Ukraine, Fichtner, Goldbeck Solar, GOLAW, Guris, Green Genius, Green Future, GrECo Ukraine, GSE&C, iC consulenten, IMEPOWER, Indian Solar, Khmelnytsky Bio Power Plant, NOTUS Energy, Scatec Solar, SPP Development Ukraine, Thermosystems, TIU Canada, Ukrwindinvestments, Pro-Energy, Arzinger.

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SUPPORT VOLUNTEERS IN UKRAINE