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levels or 1 million tons short, warns Andriy Gerus, chair of the Rada’s Energy Committee. DTEK is importing 388,000 tons of coal. In recent weeks, four shipments from Colombia arrived at Pivedenii (Yuzhne) port.
9.1.10 Renewables sector news
Zelensky backs cutting prices for renewable energy. Ukrainian President Zelensky believes prices for electricity produced from renewable sources should be reduced in Ukraine, he told journalists during a press marathon on Oct. 10. He complained that the rates for green energy in Ukraine are “the highest in Europe." The government will initiate a dialogue with current renewable producers that have invested a lot of money in these projects in recent years, he said.
The high rates for renewable energy have attracted a lot of investments into green energy projects in Ukraine, according to Concorde Capital estimates. Just in 3Q19, 956 MW of green power were commissioned, or 6x more yoy. Total green power capacity increased 2.2x year-to-date to 4.6 GW, as of end-September. In July 2019, green sources produced 546 GWh of electricity in Ukraine (or 4.7% of the total), which was 2.4x more yoy and 1.6x more than the Energy Ministry’s forecast drafted in September 2018.
The energy committee of Ukraine's parliament is considering changes to the regulation of green energy projects in Ukraine, it reported on Sept. 8. Among the adjustments are rates for green energy sites to be commissioned since 2020, additional taxation of existing green energy sites and even a retroactive downward revision of rates for existing green energy sources (indicating that this is the least preferable option). The committee also stated that regulatory changes may affect green energy projects commissioned in 2017-2019 (the later launched, the higher the potential burden).
The EBRD has approved €200mn in new financing for renewable projects in Ukraine. One year ago, the bank had suspended new project loans, pending approval of an auction system to phase out applying ‘green tariffs’ to new projects in the 2020s. Under a law passed last spring, auctions are to start in 2020.
Preparing to build the largest onshore wind farm in Europe on Ukraine’s Azov sea coast, Norway’s NBT and China Electric Power Equipment and Technology Co., Ltd. have signed two design, procurement and construction contracts for the 300 MW and 450 MW Zofiya II and Zofiya III wind farms. NBT has signed preliminary financing agreements for €500mn of senior debt with Industrial Commercial Bank of China, Export-Import Bank of China, and China Construction Bank. Located in Zaporizhia’s Yakimivskyi district, the €1bn Zophia Wind Park to have an installed capacity of 792.5 MW, enough electricity to power 340,000 households.
Solar and wind power investors protest that a bill moving through the Rada would relieve Ukrenergo from its obligation to pay ‘green
69 UKRAINE Country Report November 2019 www.intellinews.com


































































































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