Energy Sources: Weekly Digest, October 8-14

Figure of the week: Ministry of Energy and Coal Industry foresees an increase in electricity generation from RES in 2019 in the amount of 1.51 billion kWh

Ministry of Energy and Coal Industry of Ukraine foresees in 2019 an increase in electricity generation by renewable energy facilities operating at a "green" tariff by 67.4% or 1.51 billion kWh compared to the expected this year’s performance - up to 3.75 billion kWh.

Naftogaz NJSC also announces plans to increase the use of renewable energy sources. According to Andriy Kobolev, the chairman of the board, the company pays much attention to renewable energy, this is a big investment direction in the near future. Moreover, Kobolev added, Naftogaz so far launches small SPP in common with Ukrtransgaz’s gas transmission system, but its plans are larger.

Company of the week: Kness Group intends to commission its own 33 MW solar power plant (SPP)

According to the CEO of the Kness Group of Companies Sergiy Shakalov, the group acts as the EPC contractor, constructing SPP for customers using different financial models. This year, the group started constructing its own SPP and intends to put into operation 33 MW in the near future. In addition, Sergiy Shakalov noted that the group is actively preparing for the introduction of the auction system. In his opinion, this will increase competition between both companies and inter-financial models of market participation.

Event of the week: The Nobel prizewinners were scientists who studied the economy and climate relation

This year, the Nobel Committee awarded the economics prize to scientists who studied the relation between innovation and climate with economic development. William Nordhaus and Paul Romer built models that explain how a market economy works in with nature and knowledge. Romer, in particular, demonstrated how knowledge can serve as a driver for long-term economic advance, and his study published in 1990 laid the groundwork for what is now called the theory of endogenous growth. The Nordhaus model is currently widely used to demonstrate how the economy and climate coexist.


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