Business news from Ukraine

Business news from Ukraine

Ukraine added 660 MW of new renewable energy capacities in 2022-2023

28 January , 2024  

During the military years of 2022-2023, more than 660 MW of new renewable energy capacities were commissioned in Ukraine, Energy Minister Herman Halushchenko said.

According to him, in 2022, about 312 MW of new renewable energy capacities were built, and in 2023, almost 350 MW were commissioned. These are solar, wind, biogas and small hydroelectric power plants.

“For Ukraine, the development of clean energy is one of the key factors in ensuring energy independence and energy security, especially in the context of Russian military aggression,” Galushchenko said in a release from the Ministry on the occasion of the International Clean Energy Day, which is celebrated in accordance with a UN General Assembly resolution on January 26.

He also noted that despite the loss of 80% of wind farms and 20% of solar power plants as a result of the Russian invasion, their share in Ukraine’s energy mix remains significant – in 2023, approximately 10% of electricity was generated by wind and solar power plants. Taking into account large hydroelectric power plants, the share of clean energy produced reached 20.3% (more than in the pre-war period).

“The Energy Strategy of Ukraine adopted last year stipulates that we will continue to pursue the course of clean energy production. As early as 2030, the share of renewables should be at least 25% in the energy balance, and by 2050, Ukraine should achieve climate neutrality,” Galushchenko said.

He also added that today the Ukrainian nuclear industry produces more than 55% of electricity. In 2023, nuclear power plants generated 10% more electricity than the forecast balance of the IPS. As part of the Energy Strategy of Ukraine, it is planned to build nine new nuclear units, the construction of four of which may begin as early as 2024.