Oleksandra Gumeniuk, PhD in Economics, Director

Ukrainian Energy Forum, 27 February 2020, Kyiv

Green Deal Strong Economy

3110

4469

6056

8651

11535

15027

16640

20670

23558

35392

3573946683

62882

0 10000 20000 30000 40000 50000 60000 70000

Ukraine

Georgia

Bosnia and…

Bulgaria

Romania

Turkey

Poland

Slovak Republic

Greece

Italy

Ireland

Belgium

Denmark

GDP per Capita in 2018 (USD)

1 GDP per Capita in 2018 (USD)

0,0442

0,0809

0,0873

0,0997

0,1358

0,0847

0,1343

0,1577

0,165

0,2301

0,2423

0,2839

0,2984

0 0,05 0,1 0,15 0,2 0,25 0,3 0,35

Ukraine

Georgia

Bosnia and Herzegovina

Bulgaria

Romania

Turkey

Poland

Slovak Republic

Greece

Italy

Ireland

Belgium

Denmark

Electricity Price (Euro per kWh)

2 Electricity Price (Euro per kWh)

Ukrainian RES in numbers

550+ There are RES power plants in Ukraine (6,7 GW)

300 mln EUR invested in grids by private investors

832 person-days to build 1 MW WPP and 53,3 for O&M, for SPP 888 p/d to construct, 268 for O&M

1 billion EUR Equity from foreign investors representing Belgium, Canada, France, Germany, Lithuania, Norway,

South Korea, Spain, Sweden, Turkey, UK, USA, etc.

1 billion EUR Debt financing from the Ukrainian state-owned banks

1 billion EUR Debt and quasi-equity financing from international financial institutions (BSTDB, DEG, EBRD, FMO,

GIEK, GGF, IFU, NEFCO, OPIC, Proparco, Swedfund, etc.)

2025 – year, when large scale of capacities will be decommissioned (2-6 GW TPP, 2-4 GW NPP)

20.02.2020

Expectations of RES investors from the GoU

Regulator commits to include full RES compensation and curtailment compensation in TSO transmission tariff to ensure long-term solvency of Guaranteed Buyer on monthly/quarterly basis

Government removes Household PSO and related NPP/HPP funding from Guaranteed Buyer, reverting to initial arrangement from Electricity Market Law

Government and RES investors agree on optional Green Tariff Restructuring terms (tariff reduction in exchange for extension of PPA duration) keeping NPV-neutrality or using other objective approach

Government and RES investors agree on pre-PPA cut off date compromise

Parliament promptly approves package of law amendments to reflect above compromise

Government and TSO, with RES cooperation, undertake urgent steps to ensure RES integration in energy system

17 December 2019, Press-conference of EUEA members: Scatec Solar, Voltage Group, NBT AS, Eurocape. Presentation of the joint RES investors’ letter to the President – call to find the compromise solution of the RES crises to save the investment climate.

January 2019, Successful signing one of the biggest investment agreement in Davos between Ukrainian Government and NBT AS.

Office of European-Ukrainian Energy Agency:

Volodymyrska str., 61 b, 6 floor, Kyiv 01033, Ukraine

Oleksandra Gumeniuk

PhD in Economics, Director

T.: +38 095 607 78 57

mailto:oleksandra.gumeniuk@euea-energyagency.org

http://www.euea-energyagency.org