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01.06.2020

GE AND EUROCAPE HAVE STARTED INSTALLATION WORKS AT THE ZAPORIZHZHIA ONSHORE WIND FARM IN UKRAINE

Girsivka, Zaporizhia region, UKRAINE, June 1st, 2020 - GE Renewable Energy and EuroCape Ukraine LLC, have started installation works at the Zaporizhia Onshore Wind Farm in southeast Ukraine. The phase one of the project, a 98-megawatt (“MW”) wind farm, includes twenty-seven GE’s 3.6 MW onshore wind turbines,  the highest performing model in its class, with a hub height of 110 m and 137-meter rotor. As part of the construction of First Phase, it is also planned to construct own substation and high-voltage transmission lines with a total voltage of 330 kV. The wind farm is expected to be commissioned in 4th quarter of this year and to produce over 330,000 MW hours of clean energy per year powering approximately 170,000 households. Upon full completion of up to a total of 500 MW, this wind project will be the largest wind power facility in Ukraine powering approximately 780,000 homes and one of the top five largest operating onshore wind farms in Europe. Credit for the...

30.05.2020

THREE LEADING RES INDUSTRY ASSOCIATIONS IN UKRAINE ADDRESSED A LETTER TO THE PRESIDENT OF UKRAINE

On May 29, 2020, three leading RE industry associations in Ukraine, namely: he Ukrainian Wind Energy Association, the Ukrainian Association of Renewable Energy and the European-Ukrainian Energy Agency, addressed a letter to the President of Ukraine Volodymyr Zelenskyy requesting for the meeting. A new electricity market launched in Ukraine in July 2019 contributed significantly to the healthy competition between electricity producers, which has reduced the day-ahead market prices for electricity since autumn 2019. “On the other hand, it highlighted several imperfections, which threatens the sustainability of the energy sector – and in this case, in particular the renewables sector. Without factual and effective government action, the sector will inevitably fall into default”, the letter said. The RES producers expressed their gratefulness to the Prime Minister of Ukraine Denis Shmyhal and Acting Minister of Energy and Environmental Protection of Ukraine Olga Buslavets for their...

26.05.2020

RENEWABLE HYDROGEN TO FULLY DECARBONISE EUROPE

25 May 2020, Brussels – Today eight industry leading companies, SolarPower Europe and WindEurope have launched “Choose Renewable Hydrogen”, a joint initiative highlighting the crucial role of renewables to ensure a sound economic recovery, aligned with the European Green Deal. Signatories called on the European Commission to make the right choices for Europe’s upcoming energy system integration and hydrogen strategy, harvesting the full potential of renewable electricity to fully decarbonise Europe. The initiative urges that, amidst the COVID-19 health crisis and its economic implications, Europe prioritises the most efficient, sustainable, and cost-effective pathways to decarbonise its economy. Direct electrification will be the primary means for decarbonising heating and road transport, but there are other hard-to-abate sectors – such as some heavy industry, long-haul road transport, aviation, and shipping – where direct electrification is insufficient. Here...

22.05.2020

INTERNATIONAL INVESTORS PETITION TO THE GOVERNMENT OF UKRAINE

On May 21, 2020, а group of international RES investors with cumulative portfolio of renewable power plants exceeding 2 GW installed capacities, called on the Prime Minister of Ukraine Denys Shmuhal and Acting Minister of Energy and Environmental Protection Olha Buslavets to sign the Memorandum of Understanding between RES investors and the Ministry (“Memorandum”) as soon as possible. The open investors’ letter presents a consolidated position of RES producers on reducing the “green” tariff, ensuring an effective dialogue with the Government and finding a compromise with further incorporation of the agreed proposals in the Memorandum. The Ukrainian Wind Energy Association, that represents 100% of wind energy producers, fully supports the position of the international investment community expressed in the joint letter. Investor's letter reflects a serious and considered decision on ensuring the sustainable operation of renewable energy facilities. The UWEA believes that...

19.05.2020

RES INVESTORS IN UKRAINE: WHAT PROTECTION CAN INVESTMENT ARBITRATION OFFER TO THEM?

18 May 2020 the Ukrainian Wind Energy Association in partnership with Freshfields Bruckhaus Deringer, a leading international law firm, and Asters, one of the largest law firm in Ukraine, held the webinar "RES investors in Ukraine: what protection can investment arbitration offer to them?". The webinar speaker's panel included experienced experts in renewable energy and international arbitration: Noah Rubins QC, partner of Freshfields Bruckhaus Deringer, head of international arbitration practice group in Paris, head of global CIS/Russia dispute resolution practice group; Markiyan Kliuchkovskyi, partner at Asters, head of international arbitration and cross-border litigation practice group; Yaroslav Petrov, partner at Asters, co-head of energy, natural resources and construction practice group, member of international arbitration and cross-border litigation practice group; Mariia Puchyna, associate at Freshfields Bruckhaus Deringer. Within the webinar more than 80 online...

15.05.2020

ENERGY WATCH GROUP PROPOSES NEW LAW FOR RENEWABLE ENERGY SYSTEM

On the occasion of this year's 20th anniversary of the German Renewable Energy Sources Act (EEG), the Berlin-based Think-and-Do Tank Energy Watch Group (EWG) presents a legislative proposal to stimulate the system integration of renewable energy. The underlying purpose of the policy proposal is to allow renewable energy sources to finally assume responsibility for the system security of the power supply – i.e. to cover the required energy demand at every hour of the year. With a so-called combined power plant tariff, the instrument intends to stimulate investments for full demand coverage by 100% renewable energy. Based on own techno-economic cost estimates and a legal examination of EU regulations, the EWG proposes a fixed-feed-in-tariff of 8 cents/kWh, supported by a sliding market premium. While renewables keep setting records in terms of their shares of national electricity mixes – Germany has recently hit the 50% mark –, a full transformation to an entirely renewable-based...

11.05.2020

RENEWABLES ARE SET TO BE THE ONLY ENERGY SOURCE THAT WILL GROW IN 2020

International Energy Agency (“IEA”) published the annual “Global Energy Review 2020. The impact of COVID-19 crisis on global energy demand and CO2 emissions”. The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%. The Global Energy Review’s projections of energy demand and energy-related emissions for 2020 are based on assumptions that the lockdowns implemented around the world in response to the pandemic are progressively eased in most countries in the coming months, accompanied by a gradual economic recovery. Key findings: Energy demand will fall 6% in 2020 – seven times the decline after the 2008 global financial crisis. In absolute terms, the decline is unprecedented – the equivalent of losing the entire energy demand of India, the world’s third largest...

29.04.2020

MORATORIUM ON SALE OF AGRICULTURAL LAND IS LIFTED IN UKRAINE

On April 28, 2020, the President of Ukraine signed the Law of Ukraine “On Amendments to Some Certain Legislative Acts of Ukraine Regarding the Turnover of Agricultural Land” (No 552-IX) which the Verkhovna Rada adopted on March 31, 2020.  The main provisions of the adopted bill include: The opening of the land market is scheduled for July 1, 2021. Until January 1, 2024, only individuals who are Ukrainian citizens will be eligible to buy land. The sale of land in one hand in the first two years after the start of the land reform is limited to 100 hectares.  As of January 1, 2024, Ukrainian legal entities will be allowed to buy land at a concentration of no more than 10 thousand hectares (There is no restriction of 10.000 ha of agricultural land for Banks). Admission of foreigners to the purchase of land on the territory of Ukraine will be possible only after the relevant decision is taken through a national referendum. Agricultural...

06.04.2020

UWEA CALLES ON STATE AUTHORITIES TO THE IMMEDIATE APPOINTMENT OF THE MINISTER OF ENERGY AND ENVIRONMENTAL PROTECTION OF UKRAINE

On April 6, 2020, Public Union Ukrainian Wind Energy Association appealed to the President of Ukraine Volodymyr Zelensky, to the Prime Minister of Ukraine Denys Shmygal and to the Chairman of the Verkhovna Rada of Ukraine Dmytro Razumkov to facilitate the adoption of priority legal and regulatory acts to address the challenges of the Ukrainian renewable energy sector and the appointment of a Minister of Energy and Environmental Protection of Ukraine. Last year marked a decade of renewable energy development in Ukraine and became a record for the national wind energy sector. The absence of the Minister of Energy and Environmental Protection hampers the further industry development and finding solutions to the problems that have arisen in the national RES market including in particular, stable operation of energy system and financial situation of SE “Guaranteed Buyer”. One of the attempts to work out compromise solutions for both government and industry was negotiations between two...

03.04.2020

HOW TO DEAL WITH FORCE MAJEURES PROVISION FOR RES PROJECTS

Implementation of wind energy projects, in particular those in the construction phase, under quarantine-related restrictions imposed in the country - this was the main topic of UWEA`s webinar “Legal aspects of force majeure provision for RES projects in the context of Coronavirus outbreak” conducted on 2 April 2020.   The webinar began with the presentation of Andriy Konechenkov, Vice-President of the WWEA and Chairman of the UWEA Board, who presented world trends and key forecasts by international organizations on the development of the renewable energy sector, both in the world and in the European Union in particular. Speaker focused on recent Reports of international organizations such as REN21, GWEC, IRENA and WindEurope. In his presentation, Andriy Konechenkov stressed the key role of wind energy in the global energy transition and in combating climate change. Mr. Andriy started his presentation with the words of IEA Executive Director Dr. Fatih Birol, who...