Ukraine to rebuild with $20-billion renewables scheme

Ukraine

KYIV, August 14, 2024 – The government of Ukraine has approved a USD 20-billion plan to develop renewables, Reuters reported on Tuesday.

The plan would install around 10 GW of new generation facilities to replace the 50% of power generation capacity the country has lost in the war with Russia.

The government did not specify potential sources for the investment.

A statement from the government said that it targets an overall share of 27% for renewables in the country’s energy mix by 2030. Reuters cited local media in placing the current share at around 10%.

By 2030, the share of renewable power in supplying heat and cold supply systems should reach 33%, with a figure of 29% for electricity generation and 17% for transport.

The government plans to announce tenders for the construction of new generation facilities of 700 MW and 50-80 MW. The new facilities are to be operational by the end of 2027. It was not specified whether this would involve multiple such facilities.

Ukraine’s renewables potential has mainly been developed in the form of nuclear, which has become a liability in wartime. The country’s non-nuclear prospects lie in wind, solar and biomass, according to a report from IRENA. The country’s greatest potential lies in the high-irradiance areas of the south and southwest.

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