797EUEA members took part on April 5 at the first meeting of the Verkhovna Rada Energy Committee working group on preparation of the regulatory framework for the introduction of balancing and energy-storage mechanisms. It was attended by mainly all stakeholders of the sector as Ministry of Energy, NEC Ukrenergo, People’s Deputies of Ukraine of Fuel and Energy Committee, State Agency of Energy Efficiency and Energy Saving, EBRD, World Bank, experts.

The meeting was the first, very general, but everyone spoke about the urgency of need for simultaneous discussion and preparation of the legislative framework, as well as the implementation of pilot projects co-funded by international donors and private companies. In the meantime, the World Bank launched the financial program for pilot projects 1 bln USD (details and contacts: https://www.worldbank.org/en/news/press-release/2018/09/26/world-bank-group-commits-1-billion-for-battery-storage-to-ramp-up-renewable-energy-globally)

Facts from Ukrenergo: During the first quarter of 2019, more solar and wind power plants were constructed and put into operation than in the past 2018, and today the total RES is 3.1 GW. At such rates, it is expected to reach 4.7-5 GW by the end of the year, which is almost the cap of opportunity for the Ukrainian energy system to accept.

According to preliminary estimates, there is currently a need for 2 GW of balancing / energy-saving, which is approximately 2 billion Euros investments. Most likely, it will be in the form of a tender from Ukrenergo on the purchase of balancing services. But the framework is under discussion now.

PM Mr. Dombrovsky also stressed that the modernization and construction of new hydro-accumulating units (now the construction of the fourth unit, but 10 are needed) will allow not to involve coal thermal power plants in balancing of Energy System, which in the future will save 300 million Euros.

EUEA is an independent non-profit organization open to all stakeholders in the Ukrainian Energy Efficiency (EE) and Renewable Energy (RE) sectors who want to work constructively with like-minded members to contribute to the gainful and transparent development of these markets in Ukraine, through the promotion of fair and sustainable business practice, raising of public awareness of energy issues, and by influencing government energy policy.

Current members of EUEA make more than 1 GW of RE in Ukraine! EUEA is a powerful voice of investors in this sector: Acciona, Avenston, Celynx AG, CES, D2Consult, DTEK, EMSOLT Investments, EuroСape, GOLAW, Greenworx, Guris, iC consulenten, IMEPOWER, Indian Solar, Scatec Solar, Sinnalba Group LLC, Smart Energy, Ukrwindinvestments LLC.