Energy Sources: Weekly Digest, September 3-9

Figure of the week: About USD 400 million to be invested by Norwegian NBT AS in the construction of 64 WPS in the Kherson region.

The total capacity of the future facilities will reach 250 MW, and the area with these facilities to be installed is more than 1300 hectares. New plant’s production volume - over 900 million kWh/year - will provide one third of the electricity consumption in the Kherson region. Start of operation of the station is scheduled for 2019. Only in the first half of this year almost 270 MW of RES facilities were installed, so there is every chance that these figures will grow significantly next year.

Event of the week: Parliament enacted the Law No. 8015, which simplifies licensing procedures for the construction of RES facilities

According to the bill, when determining the class of consequences, investor losses are excluded and an object is automatically transferred to the CC2 class of consequences. Now investors can build a number of RES projects under a simplified procedure within the SS 1.

Also this week, the State Agency on Energy Efficiency and Energy Saving of Ukraine announced the start of work of the Ukrainian-Finnish Trust Fund backed by Finnish government. The Fund will operate through the NEFCO project together with the FinnishConsultingGroup subcontractor. The objectives of the Fund are to assist municipalities and private developers in the development of feasibility study and pre-feasibility study for the further implementation of green energy projects to involve new investments into specific projects. With this view, the government of Finland has already allocated EUR 6 million. The term of the project implementation is 5 years.

Company of the weekIRENA Center to be established in Ukraine

Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine Sergey Savchuk and Adnan Amin, IRENA Director General, discussed the concept of establishing IRENA Center in Ukraine. During IRENA Innovation Week 2018, participants discussed the introduction of auctions since 2020 for SPS > 10 MW and WPS> 20 MW projects.

Let us recall that Ukraine joined the Statute of the International Renewable Energy Agency (IRENA) at the end of last year. IRENA membership provides Ukraine with the opportunity to submit applications to the Abu Dhabi Development Fund to get preferential loans for renewable energy projects (1-2% for a period of up to 20 years, including a 5-year grace period providing 50/50 co-financing).


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