Despite the war, Ukraine managed to introduce more than 600 MW of new capacities from renewable energy sources - Ministry of Energy
Kyiv • UNN
Ukraine is actively integrating its energy markets into European ones, focusing on developing renewable energy, attracting investment, and implementing EU energy legislation to increase the flexibility and stability of the electricity market.
Deputy Ministers of Energy met with representatives of 90 companies and foreign diplomats and talked about Ukraine's success in building renewable energy. The Ministry of Energy also called on business and partners to make new investments in RES. This was reported by the press service of the Ministry of Energy, writes UNN.
Details
The agency emphasized that this process is an integral part of the development of the energy sector in the process of its restoration and reconstruction
The participants discussed the importance of involving business in the processes of restoring and strengthening the energy sector, building energy infrastructure, and implementing new strategies and objectives based on European and global practices.
It is noted that renewable energy sources are one of the key areas of energy sector development defined by the Energy Strategy of Ukraine and actively worked on by the Ministry of Energy.
In particular, in the summer of 2023, a draft law on "green" transformation and development of renewable energy capacities was adopted. The law provides for a new approach to supporting renewable energy, focusing on market mechanisms and attracting investment in the industry.
Over the past month, key acts on the allocation of quotas for the installation of renewable energy capacities through an auction mechanism and the Procedure for Issuing, Circulating and Repaying Guarantees of Origin of Electricity Generated from Renewable Energy Sources were also developed.
The Ministry of Energy said that it is currently working with partners to develop a register of guarantees of origin and harmonize them with European rules. This is important to attract more investors to the renewable energy sector.
Despite the difficult wartime circumstances, over 600 MW of new renewable energy capacity has been commissioned in Ukraine over the past two years. Both Ukrainian companies and international partners are investing in the sector
Recall
Prime Minister Denys Shmyhal has identified five sectors in which Ukraine hopes to assert itself as a future EU member. These are defense, energy, agriculture, raw materials and digital technologies.
