The share of foreign investors in renewable energy by the summer of 2020 will be more than 30%, the volume of investments – EUR2.5 billion – experts

The share of foreign investors in the installed capacity of power plants operating on renewable energy sources (RES) will amount to more than 30% by the summer of 2020, and the size of foreign investments in the sector will reach EUR2.5 billion.

“According to our calculations, as of the summer of 2020, the share of foreign investors in the installed capacity of RES power plants will be more than 30%, which will almost double the share of DTEK, and the amount of the corresponding investments will reach EUR2.5 billion,” the company’s managing partner predicts Imepower Yuriy Kubrushko and her consultant Viktor Koval in their article for Energoreform.

At the same time, experts believe that the contribution of foreign investors to the development of the sector is underestimated. “Over the past years, some politicians and journalists have presented Ukraine’s green energy as a sphere in which exclusively oligarchs and persons affiliated with certain officials work. At the same time, the fact that over the past years numerous foreign investors “, – said representatives of Imepower.

In addition, Kubrushko and Koval noted that most foreign investors launched their first stations in Ukraine in 2019 or are still completing them, which is why they are little known outside the RES sector.

Among the largest foreign investors working in the wind generation sector in Ukraine, the authors of the article, in particular, indicated the company Vindkraft, which owns a wind farm in the Kherson region with a total capacity of 335 MW, the Norwegian company NBT, which has been developing the 793 MW wind farm Zophia in the Zaporizhzhya region since 2019 with an estimated volume investments in excess of EUR1 billion, as well as implementing, together with the French partner Total Eren, the construction project of the Sivash wind farm with a capacity of 250 MW and an investment volume of EUR376 million.

Among others, the authors of the article indicated the Luxembourg company Longwing Energy, together with the European fund VLC Renewables, which is implementing a project for the construction of a Zaporizhzhya wind farm with an installed capacity of 500 MW and a total investment of EUR800 million. In addition, Kubrushko and Koval note, the American company Ukraine Power also operates in Ukraine. Resources (UPR), Turkish Guris, Belgian Greenworx Holding, French Akuo Energy, and Ukr Wind Investment Limited.

In solar energy, one of the major foreign players is, according to the authors of the article, the Norwegian company Scatec Solar, which has launched several SPPs in Ukraine with a total capacity of 188 MW (investments amounted to EUR194 million), as well as developing the project for the construction of the Progressovka SPP 148 MW, investments in which is planned at the level of EUR124 million. In addition, representatives of Imepower indicated among the largest investors the Chinese corporation CNBM, which owns 10 solar stations with a total capacity of more than 300 MW in Odessa and Nikolaev regions. The authors of the article point out that earlier these objects belonged to the company Activ Solar, brothers Andrei and Sergey Klyuev, but after its bankruptcy in 2016, the ownership of the station passed to CNBM, which at that time was the main creditor.

The authors also named among those working in the solar generation sector in Ukraine the Spanish company Acciona Energia, the Canadian TIU Canada, the Turkish EMSOLT, the Korean GS Engineering and Construction, the Belgian Upgrade Energy, the Norwegian Norsk Solar, the Danish Better Energy.

Earlier, at the round table on the problems of the electric power industry on May 5, DTEK Energy CEO Dmitry Sakharuk, DTEK’s share in the renewable energy market is 22%. At the same time, he expressed hope for a balanced decision on the further development of renewable energy in Ukraine as a result of mediation between the industry and the government.

As Energoreform reported, the ambassadors of Belgium, Great Britain, Canada, Norway, Germany, France, Sweden and South Korea in Ukraine in a letter to the country’s leadership called on not to allow non-return of investments in renewable energy sources (RES) of the country.

And about. Minister of Energy and Environmental Protection Olga Buslavets during the round table “Overcoming the crisis in the Ukrainian energy” online on May 5 said that a draft memorandum with investors in renewable energy will be developed within a week for further discussion by the government and industry participants news programs. It is also planned to provide a guarantee of the turnover of investments for the maintenance of maneuvering efforts, as to allow balancing the energy system.

Based on the results of the visit, the participants took as a basis the project for the solution of the Anti-Crisis Energy Headquarters, and they settled in one-day lines of their propositions and additions. “I ask you for a moment to think about all the zusillia, pinch like super-spikes, and sit for one style, napratsovuvati the bedroom solution, build on and virishuvati nutrition, balancing our energy efficiency.”