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will promote investment in maneuverable capacities and energy storage systems (ESS) and stimulate the development of competition in the auxiliary services market. According to DTEK manager Vadym Utkin, the introduction of long-term auctions will accelerate the construction of new generating capacity. Chairman of the management board of Ukrenergo Volodymyr Kudrytskyi emphasized that adopting this decision could become a turning point in the development of not only ESS but also for balancing power generation in the country. Long-term contracts for auxiliary services will allow the acquisition of bank loans and ensure a decent return on these projects, Kudrytskyi added.
Over 30 wind generation projects are being developed in Ukraine, including a 650 MW wind farm. Artem Nekrasov, the Head of the state-owned enterprise Guaranteed Buyer, stated that "More than 30 new wind generation projects are currently being built in Ukraine. Among the investors are Ukrainian, Turkish, and German companies. Estimated dates for the launch of some of them are 2025 and 2027." According to him, most of these projects began before the start of the war; however, despite the war, new projects are also being developed. In particular, Ukraine’s private energy holding, DTEK, plans to start constructing a wind power plant in Poltava with a capacity of 650 MW in 2027. DTEK VDE has already received the technical requirements for connecting the wind farm to Ukraine's energy system. The company is negotiating with the landowners where five 330 kV substations and wind turbines will be located. One of Ukraine's largest wind farms is the 200 MW Botiivska plant, which belongs to DTEK and is located in the Zaporizhzhia region, currently occupied by the Russian Federation.
The US Department of State believes Ukraine can become a natural green energy bank for the EU. US Assistant Secretary of State for Energy Resources, Geoffrey Pyatt, stated at the Ukraine Recovery Conference in Berlin: "We need to change the paradigm of how we see Ukraine's energy future. There is too much discussion about Ukraine as a recipient of aid - we need to think about Ukraine as a business opportunity." He emphasized that this will also help to resolve the important issue of Europe's final dismissal of Russian energy carriers. "Europe will never again consider the Russian Federation as a reliable supplier, which means that Europe will have to look for new sources of energy with an eye to the future," Pyatt said. Therefore, he emphasized that Ukraine is a "natural bank of green" energy for the EU in terms of its wind and solar resources, biomass potential, and existing and planned nuclear capacities. In addition, according to Pyatt, Ukraine has prospects for the development of its hydrogen economy.
More than 300 MW of domestic and 90 MW of industrial solar plants appear in Ukraine during two years of war – SEAU head Since the beginning of the full-scale invasion, according to recent data from the Solar Energy Association of Ukraine (SEAU), more than 300 MW of domestic and 90 MW of industrial solar power plants have been registered in the country under the feed-in tariff, said the chairman of the board of the association, Vladyslav Sokolovsky.
9.1.11 Metallurgy & mining sector news
Ukrainian mining industry leaders increase their income by 13%. Last year, the 10 leaders in the extractive industry earned ₴365.26B, which is 11% more than before the start of full-scale war and 13% more than in 2022. The
111 UKRAINE Country Report July 2024 www.intellinews.com