020 5184x7776 all free download.com  e1404372393353 1024x477 640x420 1

Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?

28.05.2017 Analytics

LET’S GO GREEN

2016 has set two opposing energy records. According to the International Energy Agency (IEA), oil production has fallen to a minimum level over the past 70 years. Mining companies continue to reduce costs associated with low oil prices. Mining has dropped to 2,4 billion barrels in 2016, compared with the average indicator of the last 15 years at 9 billion barrels annually. On the other hand, the renewable energy sector showed its largest annual growth. Today the world annually increases the power of renewable energy several times more than adds capacity from all kinds of fossil fuel sources in combination. By the end of 2015, the capacity of renewable sources has already allowed to provide 23,7% of the world’s electricity needs. According to IEA forecasts, this index will be 37% by 2040.

Significant changes have taken place in the structure of electricity sources over the past 10 years. The percentage of combustible and atomic sources is gradually decreasing now, and renewable one is constantly rising.

TOGETHER IS MORE EFFECTIVE 

Technical, economic and market transformations in the electricity sector continue to accelerate all over the world and many countries There are large-scale transformational shifts on the way to a complete transition to renewable energy in Europe. For the sake of it, companies and states even go for temporary losses abandoning old sources for the transition to new ones, which are more efficient and more environmentally friendly.

In 2011, Ukraine joined the Energy Community of Southwest Europe by acquiring the status of Contracting Party. Within the framework of its membership, Ukraine will continue to improve the efficiency of functioning of internal energy markets through the implementation of relevant EU legislation.

In 2015 within the UNO Framework Convention on Climate Change, the replacement of the Kyoto Protocol was followed by adoption of a new agreement- the Paris Treaty. It will start operating from 2020. It has to be fatified by at least 55 states, with greenhouse gas emissions of at least 55% of the world’s total.  Unlike the Kyoto Protocol, the Paris Climatic Agreement provides that commitments of reducing harmful emissions into the atmosphere have to be assumed by all states, regardless of the degree of their economic development. The Paris treaty imposes new obligations on Ukraine to reduce greenhouse gas emissions. The foregoing cannot but influence on the development of the energy sector as a whole, since it is the largest source of emissions. The energy efficiency and renewable energy sources will play a crucial role in this.

UKRAINIAN CHOISE AND THE “GREEN” TARIFF

In light of course on comprehensive European integration, Ukraine is joining the world community by the actual actions of encouraging legal and natural persons to produce and consume energy from “green” sources. Over the past two years, electricity generation from such sources has substantially increased. In 2016, 120 MW of new facilities for “green” energy objects were put into operation. In general, as for the beginning of 2017 in Ukraine, the capacity of renewable energy facilities is 1.1 GW (According to the State Agency for Energy Efficiency and Energy Conservation of Ukraine). Last year such objects produced more than 1.7 billion kWh.

Companies that produce energy from renewable sources are stimulated by the state as much as possible. The “green” tariff is not only one of the largest in Europe but also has a legislative binding to the euro. In fact, the essence of the “green” tariff is reduced to the next: the state guarantees the purchase of electricity from alternative sources at the “green” tariff until January 1st, 2030. The tariff is calculated for each object by the coefficient and, in general, for objects that will be put into operation by the end of 2019, it is

For the first time the idea of preferential tariffs had been implemented in the Unated States in the distant 1978 as a reaction to the energy crisis and in order to combat large-scale air pollution. The first law to promote energy conservation and the development of renewable energy sources has appeared there. In the 1990s Germany joined adopting a law obliging suppliers to buy electricity from renewable sources for a fixed fee.

In 2008 the Law “On Amendments to some Laws of Ukraine on Establishing a Green Tariff” was adopted in Ukraine. It is this time that serves as a benchmark for the deployment of companies producing so-called “clean” energy in the country. Small sources of hydroelectric power (with installed capacity up to 10 MW), wind, solar and power plants that use biomass as fuel were equated with such sources.

In 2015, another incentive Law was adopted, which abolished the requirement for a local component, introduced an increase of 5% and 10% to the tariff for the use of Ukrainian production equipment, increased tariff for biomass and biogas electricity generation.

The percentage of electricity generated from renewable sources in the structure of all sources in Ukraine is gradually increasing and is about 3%. Not much, but it is a good start.

According to the Ukrainian Association of Renewable Energy, the map of the location of renewable energy objects of the Association’s members is as follows:

The alternative energy in practice is one of the few industries in which investors continue to invest. The cost of equipment for solar power stations is gradually decreasing and new technologies in this area continue their implementation. For example, in 2016 in Dnipropetrovsk region the first tracker solar power station in Eastern Europe was launched. There are modules with a motion functions, which follow the movement of the sun on its panels. The movement of batteries allows to produce 50% more energy than conventional stationary installations. The solar power station “Solar Park Pidgorodne” is completely built at the expense of domestic investments. Businessmen spent almost UAH 20 million on the third turn. This station serves about 27 thousand households during the year. Not in last turn it was due to the support of the local authorities, which helped businesses to overcome the difficulties and as a result, investors continue to invest.

FUTURE BEGINS TODAY

It is undoubtedly that “green” energy, like any other has its advantages and disadvantages, but compared to other sources, the benefits are significantly higher. The renewable sources are getting cheaper and gain momentum even faster than it was predicted by reputable global analytical agencies. Their indicators are breaking records every year. The energy future of the planet is in renewable energy.

Other articles

  • globallogic hexacta
    News

    GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America

    Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]

  • Тест
    Analytics

    Тест

    тест     тест

  • globallogic healthtech 1
    News

    GlobalLogic engineers help create nearly 10% of the global medical device market

    Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]

  • 2779913
    News

    Twitter працює над відновленням відеосервісу Vine

    Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]

  • picturepicture 156446930057951110266878 96171
    News

    CREDIT AGRICOLE TOPS THE SOCIAL RESPONSIBILITY RATING AMONG BANKS ACCORDING TO STANDARD-RATING

    Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]

  • impact automotive
    News

    How Ukrainian developers make impact on road safety

    From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]

  • 750x450 press release image ua
    News

    Intellias completes acquisition of Digitally Inspired, strengthening expertise in the Retail and eСommerce industry

    Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]

  • shutterstock 1920327596
    News

    3×4, a recently-founded Ukrainian Web3 fundraising platform, launches its first campaign

    3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]

Read also

Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

The SAEMI and Microsoft to create the cooperation plan

According to Interfax-Ukraine, Volodymyr Groysman  met with Don Grantham yesterday. The Prime Minister of Ukraine discussed with  Microsoft Central & Western Europe President  the possibility of using modern technologies in the process of implementing reforms in Ukraine. Groysman said that Ukraine was hard up in technologies decisions. The authority is ready to cooperate with the […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

Apple employees refuse to return to the office

Apple employees opposed the corporation’s new rule, which requires them to work from the office at least three days a week from the fall. Verg, citing a letter from employees to the head of the corporation Tim Cook, reported this. The letter refers to the refusal of many employees to return to the office. The […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

General Motors introduced the concept of electric car

Automaker General Motors has introduced the Buick Electra Concept. The electric car is designed for four people and has a minimalist design. The car can travel more than 660 km without recharging. It takes 4.3 seconds to accelerate to 100 km / h. The total power of the two engines reaches to 583 horsepower. It […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

Bitcoin exchange rate exceeded $ 47 thousand for the first time

According to CoinDesk, the price of the most popular cryptocurrency – bitcoin – has updated the historical maximum three times in a few hours, exceeding 47 thousand dollars. Thus, the value of one coin reached its peak on the night from Monday to Tuesday, February 9, and amounted to 47,143 dollars. In general, over the […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

Intel announced a breakthrough in transistor technology that will enhance the performance of the new chips by 20%

At the annual press conference as part of “Architecture Day 2020”, Intel has announced improvements in the production of new graphics processors for laptops, PCs and server processors. Positive news was received in not the best time for the company Intel, since July 23, after the close of Thursday, shares fell by more than 20%, […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

France plans to restart the economy by € 100 billion

In France, the government has unveiled a draft plan to restart the 100 billion-euro economy amid a crisis over the coronavirus pandemic. This was reported by BFMTV on Thursday, September 3. The document was released by the Prime Minister Jean Castex after months of consultations with economists, trade unions and other stakeholders. This economic aid […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

The HarvEast agricultural company sold its assets in Crimea

Recently, it became known that the degrouping of the HarvEast company from its assets took place in March in Crimea, –  says the press service of the company. “The decision to sell the assets of the HarvEast on the peninsula was rendered in 2013 due to the fact that this area belongs to the high-risk […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

EY starts the Accelerating Entrepreneurs Program in Ukraine

EY Company provides an Accelerating Entrepreneurs Program, which helps to fast-growing startups to develop their business.Participants, who have passed the competition, will get the opportunity to take part in the complex program. It is included the personal consultations, networking and experience exchange.  The program also is annexed the access to the strongest and extensive entrepreneurial […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

KSG Agro enters the Georgian market

KSG Agro has received permission to export pork to Georgia. The first shipment is scheduled for June. “Pig-breeding business of KSG Agro has successfully passed the test of the National Food Agency of the Ministry of Agriculture of Georgia and received permission for the supply of pork to the country”, – said in a statement […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

“MTS Ukraine” buys “TriMob” for 3 billion UAH

“MTS Ukraine” (Vodafone Ukraine), telecommunication  company  reached an agreement with “Ukrtelecom” about buying mobile operator “TriMob”. As noted, the the transaction amounted to about $ 120 million (3 billion UAH). According to  one source ,  negotiations about the deal  began  since the spring of last year, when  the “MTS Ukraine” has sold its fixed network […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

The decline of Ukraine’s economy accelerated in February

In the first two months of 2021, GDP fell by 2.8%, while in January the decline was estimated at 2.6%. This is stated in the review of the Ministry of Economy Thus, the reduction of the Consolidated Index of Production of Goods and Services by Main Economic Activities amounted to 4.2% (4% in January). Almost […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

Laying PP-2 pipes allowed continuing in Germany

The German Federal Office of Shipping and Hydrography has allowed the laying of the Nord Stream-2 gas pipeline on a 2-kilometer stretch in the German exclusive economic zone. This is stated in a statement by the regulator on Monday, May 17. The decision concerns works with the help of vessels with an anchor positioning system. […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

В Україні зібрали вже майже 12 млн. тонн урожаю

В Україні вже зібрали 11,8 млн. тонн зернових та зернобобових культур із загальної площі 3,5 млн. га, повідомляється на сайті Міністерства аграрної політики. Так, намолочено 8 млн. тонн пшениці (+4,2 млн. тонн за тиждень) з 2,3 млн. га (+1,1 млн. га), 3,5 млн. тонн ячменю (+1 млн. тонн) з 1,73 млн. га (+0,92 млн га) […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

Rating of the best countries for business: what has Ukraine achieved?

For the year Ukraine dropped 13 points lower in the world ranking by business publication Forbes «Best Countries for Business”: from 61 to 74 place. According to the research, which included the analysis of the basic conditions for doing business in different countries of the world, since the beginning of 2016 Ukraine’s index dropped significantly. […]

Next
Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?
News

Egypt estimated the losses due to the blockade of the Suez Canal

Egypt is losing about $ 14 million a day due to the blockade of the Suez Canal by the giant container ship Ever Given. The head of the Suez Canal Osama Rabi in an interview with eXtra News stated this. It is difficult to calculate the exact amount of losses, as the fees that Egypt […]

Next
flickr com helsinki2018  2  id36549 650x410 41 650x410
Analytics News

The Results of the Presidential elections in the USA

The victory of the candidate of republicans at presidential elections in the United States of America became a big surprise for the world community. Despite the fact that most the analytical bureaus holding authority on the USA relied on democrats, Donald Trump could collect 290 votes of delegates, therefore, became the forty-fifth President of America. […]

Next