Page 67 - UKRRptNov21

Due to a lack of coal, 19 units at thermal power plants are shut down, depriving Ukraine of 6.9 gigawatts of power, Ukrenergo reports. Last week, coal stocks decreased by 6.5%, to 666,000 tons. If stocks fall below a trigger level, the Energy Ministry plans to oblige coal-fired power plants to suspend production.
Due to high electricity prices, Nikopol Ferroalloys has shut down five furnaces. Rising gas prices will increase the cost of production of building materials, especially ceramic tiles, bricks, nails, and metal hardware, Konstantin Saliy, president of the All-Ukrainian Union of Building Materials Manufacturers, tells Interfax-Ukraine.
9.1.10 Renewables sector news
Ukraine intends to reduce greenhouse gas emissions by 65% until 2030, and to achieve climate neutrality after 2060, Ukrainian President Volodymyr Zelenskiy has said. "Ukraine ratified the Paris Agreement one of the first in Europe. [...] Our goals by 2030 are to reduce greenhouse gas emissions by 65%. And no later than 2060, achieve climate neutrality," Zelenskiy said, speaking at the UN Climate Change Conference COP26 in Glasgow (United Kingdom). He said that Ukraine currently ranks fourth among 45 parties to the UN Framework Convention in terms of emission reductions. According to Zelenskiy, Ukraine supports a number of climate conference initiatives, in particular, the Declaration of Forest and Land Use. "Access to reliable and long-term climate finance is important for us, especially within the Green Climate Fund," the head of the Ukrainian state said.
Green tariffs debt repayment. The Cabinet of Ministers provided Ukrenergo with a state guarantee for the issuance of bonds in the amount of up to UAH22.8bn ($874,5mn) to repay debts for electricity produced from renewable energy sources at a "green" tariff, reported gov.ua. Under the terms of the state guarantee, the funds for loan repayment and interest on it in full must be included in the structure of Ukrenergo's tariff for electricity transmission. The amount of the fee for the provision of a state guarantee is set at 0.5% of the annual balance of the amount of warranty obligations for the relevant interest period.
Naftogaz plans to have 1 GW of ‘green’ electricity generating capacity by 2030, company CEO Yuriy Vitrenko tells Interfax-Ukraine’s Green Deal site. “The 1 GW is both wind and sun -- we are also interested in biogas, biomethane and biofuels, which are also" green "energy,” Vitrenko said. Oleksiy Ryabchyn, adviser to Naftogaz on Low Carbon Business Development, said the state company plans to attract $1 billion in green investments by 2030. He said: “Naftogaz seeks to become a national leader in the production of ‘green’ hydrogen for export to EU countries.
The EBRD is investing $75 million in the new $825 million Ukrenergo ‘green’ bond, underscoring the development bank’s commitment to straighten out Ukraine’s stalled solar and wind power sector. By taking a 9% stake in the deal, “EBRD’s participation as the anchor investor provided comfort to other institutional investors, further widening the market participation,”the bank posted yesterday. “The proceeds will cover all payment arrears owed to renewable energy producers. The investment will help restore the credibility of the Ukrainian renewable energy sector and boost the
67 UKRAINE Country Report November 2021 www.intellinews.com