Over the past 10 years, the world has taken a big step towards meeting the global green transition to combat climate change and prevent the rise of the average global temperature above +2 ° C, and continues to accelerate the development of renewable energy sources (RES).

Currently, Ukraine also has a significant increase in RES capacity, due to the commitments set out in the Paris Agreement (2016).

In the period from 2016 to 2020, the installed capacity of RES in Ukraine increased almost 4 times, which amounted to 7737 MW as of the beginning of 01.01.2021, and 8148 MW as of 01.06.2021.

The share of solar power plants dominates the total energy balance of RES and is 7,166 MW.

Wind power plants take second place -1475 MW. The largest regions of Ukraine in terms of installed RES capacity are Dnipropetrovsk – 1163.9 MW, Mykolaiv – 1073 MW, Kherson – 1063.7 MW, Zaporizhia – 862.9 MW and Odesa – 594.3 MW.

Also, over the last 7 years, Ukraine has managed to meet its commitments in the National Renewable Energy Action Plan until 2020, reaching more than 11% of the share of RES in final energy consumption. Now Ukraine is moving towards new tasks approved in the National Economic Strategy, which provides for 25% of electricity generated from RES in the structure of the energy system until 2030.

Such rapid development of the industry is due to a number of advantages that Ukraine has, in particular, it is a large area for the location of sufficient capacity, climate, unique diversification of the energy sector, the current “green” tariff until 2030. The rich potential for development and the policy of “green” subsidies have helped Ukraine attract a large number of foreign investors, whose share is 30% of the total investment in the RES sector.

Currently, investors from more than 20 countries operate in Ukraine, including Acciona (Spain), Emergy (Norway), Scatec (Norway), Total Eren (France), GS Engineering & Construction Corp (South Korea), CNBM (China), Guris (Turkey), Nebras (Quatar) and others.

With the help of foreign investors and international financial institutions (EBRD, EIB, IFC, Proparco, FMO, IFU, BSTDB, DFC) more than EUR 400 million were invested in the repair and construction of Ukraine’s energy infrastructure, development of social programs (construction of roads, schools, equipment and infrastructure) and payment of taxes to local budgets.

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