We are launching our initiative “Renewable energy development and balancing capacity building – analysis of challenges for Ukraine’s energy system sustainability in the context of achieving energy and climate goals” within the project “Support to the Ukrainian National Platform of the Eastern Partnership Civil Society Forum (EaP CSF)”, administered by the Institute for Economic Research and Policy Consulting, funded by the Eastern Partnership Civil Society Forum and the European Commission.

 

The aim of the initiative is to analyze the possibilities of developing balancing capacities as a key condition of Ukraine’s “Green” transition and increasing the share of renewable energy, and to provide quality recommendations to industry stakeholders to address the current crisis in RES development.

 

The European-Ukrainian Energy Agency plans to implement the initiative according to the following plan:

analysis of the international experience of the economic and legal model of balancing capacity development, the experience of the countries of the Eastern Partnership region;

survey of international and Ukrainian financial institutions on the necessary criteria for the balancing sector to increase reliability and attractiveness for investment;

results of research and recommendations on the possibilities of developing balancing capacities in Ukraine;

assessment of prospects for the development of solar and wind generation in Ukraine, taking into account environmental criteria, which will be carried out by the National Ecological Center of Ukraine.