In research of Bloomberg New Energy Finance, “Which emerging market is the most attractive for clean energy investment?” Ukraine was ranked at 8th place.
Three positions were rated: Fundamentals, Opportunities, Experience.
Key findings of the research common for all countries:
for the second year in a row, emerging nations built more clean than fossil-fueled power-generating capacity;
all suggest policy-makers increasingly recognize that renewables are cost-competitive and worth backing;
a total of 107GW of renewables were installed in emerging economies in 2018. Two-thirds (71GW) of all developing nation clean energy capacity was installed in China in 2018;
among the clean technologies, solar led the way with 66GW installed in 2018, followed by wind with 29GW. Small hydro, biomass and geothermal combined saw 12GW added to emerging economies;
in 2018, new clean energy financing for emerging markets totaled $133 billion, down from the peak of $169 billion in 2017. Recent regulatory and legislative reforms have spurred rising clean energy investments in Ukraine, which attracted more than $4 billion in 2018 and 1H 2019 alone. The biggest investments so far have been made by local developers led by Ukraine’s largest non-state utility DTEK and the European Bank for Reconstruction and Development;
subsidies remain important drivers and markets have historically expanded or contracted as renewables-friendly policies have been rolled out or scaled back. The cost-competitiveness of renewables in developing countries has historically been hampered by higher-priced domestic capital;
lowering the cost of capital is one of the most effective ways to accelerate the crossover points between clean energy and fossil fuel-fired plants;
policy action will be required in markets where newly built clean energy plants cannot yet undercut the economics of existing fossil plants on an levelized cost of electricity. Strong clean energy policies are also fundamental to facilitating renewable energy investment flows to emerging markets.
It is a pleasure to get world recognition with such results of business opportunities development and mindfulness of necessity of sustainable eco development. Let us keep to the path.
Whole research: http://global-climatescope.org/key-findings
Read more about Ukraine in research: http://global-climatescope.org/results/UA