Ukranian renewable energy market: investments, reforms, innovations were lighted up during the European-Ukrainian Energy Day

On June 10, 2021, European-Ukrainian Energy Day took place in Kyiv, Ukraine. The conference brought together key players from the Ukrainian, European, and international government sectors; local and international industry to present, analyse, and debate, renewable energy sectors, innovations and green hydrogen in Ukraine in the context of the Association Agreement with the EU, Paris Agreement and the EU Green Deal. 

For today the total investment into the Ukrainian renewable energy (RE) sector is more than EUR 10  billion, 30% of which are from foreign investors. But despite the rapid development of “green” energy, Ukraine also faces certain difficulties and changes, such as last year retroactive FIT reduction, the debt to RE producers for 2020 in the amount EUR 500 million, which is expecting to grow; appealing of Lithuanian investor to arbitrage against Ukraine for the amount of EUR 11,5  million; serious changes are under discussion in legislation like increase in excise duty for RE producers to 3.2%, these and many other as energy efficiency, energy storage, green hydrogen perspectives for Ukraine were raised and discussed by the prominent speakers. 

Energy Day’s thematic sessions covered the following topics: 

    1. Ukrainian reforms vs international policy to avoid climate lockdown and move towards carbon neutrality. 
    2. What are the donors silent about and what it has to do with Ukraine wasting time in energy saving. 
    3. Innovations in renewable energy, energy storage and other balancing technology development, prospects for green hydrogen.
    4. The anniversary of signing of the Memorandum: to pull or push strategy for the renewable energy or when will the government start the proactive RES problems solving.