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18.01.2018

DTEK AND GE RENEWABLE ENERGY SIGNED WIND TURBINE SYPPLY AGREEMENT

On 17 January 2018 companies DTEK and GE Renewable Energy signed an agreement on delivery, installation and maintenance of 26 wind turbines (WTG) with unit capacity of 3.8 MW. This wind turbine is one of the most advanced GE products and currently the largest one in Ukraine. The wind turbines produced in Europe will be install at Primorskaya wind farm site. Installation and further maintenance of wind equipment will be carried out by the GE subdivision in Ukraine. The completion of the construction of the first stage of the Primorskaya Wind Farm totaling 100 MW is scheduled for the end of 2018. “The total planned volume of investments exceeds 300 million Euros. DTEK once again confirms its status as one of the largest national investors”, noted the Director General of DTEK Maxim Timchenko. "GE is pleased to cooperate with DTEK, the largest independent power producer and the renewable energy leader of Ukraine. Together we will be able to provide residents and enterprises of the...

10.01.2018

FURTHER AMENDMENTS TO THE TEMPLATE POWER PURCHASE AGREEMENT TO ENHANCE ITS BANKABILITY

On 9 January 2018, the National Energy and Utilities Regulatory Commission (the "Regulator") adopted Resolution No.1, further amending the template form of the power purchase agreement (the "PPA") between the State Enterprise “Energorynok” and producers of electricity from alternative energy sources ("AES"). The Resolution will become effective on the day following its official publication. The amendments are aimed at enhancing the bankability and insurability of the PPAs, spurring investment in the industry and strengthening protection of producers’ and creditors’ rights in the context of the ongoing reform of the electricity market. Most of the risks associated with changes in law or events beyond parties’ control are expressly vested in the off-taker. AES producers will have broad powers to seek reimbursement in case of termination of the PPA they initiate, including by triggering the change of law clause. Some of the amendments may raise competition concerns or provide...

06.12.2017

UKRAINE'S ACCESS IRENA STATUTE

The Law of Ukraine “On Ukraine's accession to the Statute of the International Agency for Renewable Energy Sources” (IRENA) developed by the State Agency on Energy Efficiency and Energy Saving of Ukraine successfully passed the Ukrainian Parliament December 5, 2017. 254 people's deputies voted for the decision. “It’s a long-awaited victory for all players of the renewable energy market. Ukraine will become a member of the authoritative international agency IRENA. This means that we are entering the international renewable energy scene, we can attract the experience, innovations and investments of the advanced countries in Ukrainian “green” projects and contribute to reducing the energy dependence of Ukraine,” Sergey Savchuk, Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine said on his Facebook page. According to him the membership of Ukraine in the IRENA: will allow applications to the ADFD fund to receive preferential loans (currently the...

06.12.2017

MEMORANDUM OF COOPERATION ON ENERGY EFFICIENCY AND RENEWABLE ENERGY BETWEEN UKRAINE AND THE PEOPLE’S REPUBLIC OF CHINA

On 5 December 2017 the State Agency on Energy Efficiency and Energy Saving of Ukraine and the National Energy Administration of the People's Republic of China (http://en.ndrc.gov.cn) signed a Memorandum of cooperation on energy efficiency and renewable energy. In the framework of the Memorandum, state institutions will cooperate in preparing and implementing joint “green” projects. The Memorandum provides for the exchange of information on support mechanisms for stimulating the development of renewable energy. “Ukraine and China have huge prospects for cooperation in the renewable energy sector. For its part, Ukraine offers significant resource potential, a favourable legislative framework for investors' work and numerous potential “green” projects in different regions”, noted Sergey Savchuk, Head of  the  State Agency on Energy Efficiency and Energy Saving of Ukraine. According to the International organisation REN21, China is a world leader in investments in...

05.12.2017

WORLD ENERGY OUTLOOK-2017

Four large-scale shifts in the global energy system set the scene for the World Energy Outlook 2017: the rapid deployment and falling costs of clean energy technologies, the growing electrification of energy, the shift to a more services-oriented economy and a cleaner energy mix in China, and the resilience of shale gas and tight oil in the United States. In the New Policies Scenario, global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand. A global economy growing at an average rate of 3.4% per year, a population that expands from 7.4 billion today to more than 9 billion in 2040, and a process of urbanisation that adds a city the size of Shanghai to the world’s urban population every four months are key forces that underpin our projections. Compared with the past twenty-five years, the way that the world meets its growing energy needs changes...

30.11.2017

WINDEUROPE 2017

For three days from 28 November 28 till 30 November, Amsterdam was the global epicenter for wind energy as thousands of experts engaged in knowledge exchange, thought-leadership and debate in order to further the industry’s success. In addition to 300 exhibitors and a packed conference programme encompassing all aspects of market, policy and technological innovation in wind, attendees could also choose from a huge programme of side events such as Hackathon and the North Seas Forum and others. Throughout the event the participants’ attention focused on how the local impact of the wind industry contributed to Europe’s global leadership in wind energy, addressing the serious obstacles and opportunities set to confront European wind power in the post-2020 environment. Conference highlights included high-level sessions addressing the endgame for the EU’s upcoming Clean Energy Package, the benefits, opportunities and challenges of energy storage in the new energy landscape, the...

29.11.2017

NEW REPORT: LOCAL IMPACT, GLOBAL LEADERSHIP

The European wind industry contributed €36bn to the EU’s GDP in 2016, supports 263,000 jobs and generated €8bn of exports outside of Europe. These are the main findings of a new report, “Local Impact, Global Leadership” carried out by Deloitte for WindEurope and on 28 November 2017 at the WindEurope 2017. The report also outlines what the wind industry saves Europe in terms of reduced fossil fuel imports (€32bn from 2011-2016) and CO2 emissions (166 million tons of CO2 in 2016) and what it contributes to government tax revenues (€4.9bn in 2016). The report shows how wind energy creates value not only for the wind industry but for the wider economy. Every €1,000 of turnover generated in the wind industry generates €250 of economic activity in other sectors such as metals, chemicals, electrical equipment and machinery, construction and engineering. Much of the industry and supply chain is located in economically less-advantaged areas. And it brings quality jobs to...

29.11.2017

MEMORANDUM ON PARTNERSHIP AND COOPERATION BETWEEN UWEA AND TWEA

On November 28, 2017, within the framework of international conference and exhibition WindEurope 2017 hold in Amsterdam, Netherlands, the Ukrainian Wind Energy Association (UWEA) and the Turkish Wind Energy Association (TWEA) signed a Memorandum on Partnership and Cooperation. Following the signing of the Memorandum the first working meeting between the representatives of UWEA and TWEA was organised the same day, during which representatives of the wind energy sectors of Ukraine and Turkey discussed the possibilities of cooperation aimed at the large-scale implementation of wind energy technologies and the further successful development of the sector. The objective of the Memorandum is to promote a mutually beneficial partnership and cooperation between the associations in the field of wind energy to promote the transition to low carbon economies. Both associations intend to direct their efforts on effective cooperation on promoting the spread of practices and experience of using...

24.11.2017

INVESTMENT ATTRACTIVENESS OF UKRAINIAN RES AT INTERNSATIONAL BUSINESS FORUM

IX International Investment Business Forum “Renewable Energy and Energy Efficient Modernization of Industry” initiated by the State Agency of Energy Efficiency and Energy Saving of Ukraine was successfully held in Kyiv on 23 November 2017. More than 600 participants including representatives of the central and local authorities, business, UN diplomats, Denmark and Switzerland, European Commission, UkrGasBank, Sberbank, EBRD, IFU discussed the investment attractiveness of green projects and the further development of renewable energy in Ukraine. In his addressing speech Vice Prime Minister of Ukraine - Minister of Regional Development, Construction and Housing of Ukraine Gennadiy Zubko noted that the national energy independence is inextricably linked to energy efficiency and “clean” energy. “Ukraine has the highest “green” tariffs in Europe for attracting investments to-date: no more country has either 15 or 16 euro cents for solar energy. With respect to wind energy I...